Farmer’s Liability Insurance for Small Business: Agriculture Insurance

The agriculture industry in Canada consists of enterprises that focus on the practice of rearing livestock and growing crops to distribute for food products. Farmers and agriculture enterprises can grow anything from corn to hemp plants and rearing all varieties of animals - from sheep to cows and goats. In Canada, agriculture is critical. That is why LMBF offers agriculture insurance and farmer’s liability insurance for small businesses that produce raw goods and materials as a major player in the production chain. Agriculture in Canada faces a number of challenges, from storms and droughts to soil conservation, climate change, and labour. LMBF wants to tailor unique agriculture insurance for your enterprise.

What Agriculture Insurance Covers

Property & Crop Losses

Property & Crop Losses

Disruptions in the supply chain, unpredictable weather, and so on are all risks to your agriculture enterprise. Your agriculture insurance may include standard commercial property insurance as well as crop insurance, which prevents significant financial losses due to crop loss as a result of numerous covered perils.

Liability Insurance

Liability Insurance

Liability insurance covers your agribusiness for claims alleging bodily injury or property damage that your enterprise is responsible for. You can also purchase specialized liability insurance to cover product recall and product liability, in the event that a good you distribute causes injury or illness to a third-party.



Unfortunately, the agriculture industry is especially exposed to natural weather disasters as it is concerned with the growing and harvesting of sensitive crops and livestock. In the event something should happen that puts you out of business temporarily, business interruption insurance may cover you for lost wages.

  What agriculture insurance covers
  • Product liability
  • Commercial property
  • Crops
  • Livestock
  What agriculture insurance excludes
  • Undocumented income
  • Wear and tear damages
  • Criminal activity
  • Sudden frost or excess moisture

What is agriculture insurance?

Agriculture insurance is an insurance policy designated for agribusinesses and farm enterprises that deal in the production and harvesting of crops and livestock. These policies may offer coverage for losses due to natural disasters and weather events in addition to liability coverage for injuries, illness, or losses due to business activity or a product that is offered. Agriculture may look very different depending on the business being insured.

Types of Agriculture Insurance Products

Agriculture insurance can vary immensely depending on the specific business you run and the kind of farmer you are looking to be. Agriculture is critical in Canada, and so are your operations. It helps to know what you have coverage for in the event that something should go awry. Below is a sampling of some of the agriculture insurance and farm insurance options that LMBF offers. If you have any questions or concerns about your own coverage, discuss them with our brokers today.
Property Insurance

Commercial property

  • Physical property
  • Stored belongings
  • Contents
More info
Professional Liability Insurance

Professional liability

  • Negligence
  • Misinformation
  • Omissions
More info
Commercial Auto Insurance

Commercial auto insurance

  • Collision
  • Comprehensive
  • Liability
More info
Business Interruption Insurance

Business interruption

  • Ongoing wages
  • Employee payroll
  • Bills
  • Rent
More info
Commercial General Liability Insurance

Commercial general liability

  • Bodily injury
  • Advertising injury
  • Property damage
More info
Cyber Insurance

Cyber liability

  • Data breach
  • Restoration costs
  • Liability
More info
Umbrella Insurance

Umbrella insurance

  • Extended liability
  • Advertising injury
  • Bodily injury
  • Property damage
More info
Equipment Breakdown Coverage

Equipment breakdown

  • Unexpected breakdown
  • Machinery
  • Boilers
More info
Directors and Officers Liability Insurance

Workers’ compensation

  • Healthcare costs
  • Treatment
  • Medical bills
More info
Product Recall Insurance

Product recall

  • Malfunction
  • Defect
  • Liability
More info
Crime Insurance

Crime insurance

  • Fraud
  • Dishonest actions
  • Reputational injury
More info
Risk Management

Risk management

  • Strategies
  • Risk reduction
  • Mitigation
More info

Our Agriculture Insurance partners

Agribusinesses face risks like no other business and it can take a single storm to put out an entire harvest. Every agricultural business should have comprehensive insurance coverage, specifically tailored to the needs of their individual operations. LMBF partners with some of the best agriculture insurance companies to help get you the coverage you need, no matter what that looks like. We meet your unique needs easier. Let us start you with a free agriculture insurance quote and you can see how affordable great coverage can be.

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Want to Get Started on Farmer’s Liability Insurance for Small Business? Start with an Agriculture Insurance Quote.

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Agriculture & Farm Insurance FAQs:

A: Your agriculture insurance will generally include standard business items, such as your liability and physical property, but your exact policy will vary based on what you need covered, how you operate, what you grow or rear, and more.

A: Agribusinesses face risks that other businesses do not, including crop failure, the death or theft of livestock, and so much more. Due to the risky nature of operating a farm or agribusiness, it is critical that your business acquires agricultural insurance to ensure it has coverage on all fronts.

A: Hobby farms need insurance just as much as any other agribusiness, even if you don’t earn a living from it. After all, you’ve put so much work into your hobby - why not protect it just as you would any other asset? Farm insurance can cover hobby farms. Discuss with your LMBF agriculture insurance broker about acquiring a hobby farm insurance policy.

A: It depends. Growing hemp can be more complicated than other crops. Discuss with your agriculture insurance broker if you are unsure as to whether your agriculture insurance policy includes coverage for hemp plant crop failure, loss, or unexpected disaster.

A: Animal mortality insurance is a policy that provides broader coverage for the cost associated with livestock’s death as a result of an unexpected injury, sickness, disease or accident. It may include theft coverage, depending on the policy. As an agribusiness, your enterprise may depend on your livestock. This coverage secures you against financial losses due to the loss of livestock.

A: The cost of your agriculture insurance will largely depend on the details of your enterprise. How big is your business? How long has it been operating for? What do you grow or rear? What do you sell? Your coverage needs and insurance history are huge determining factors in how much you will pay. For an estimate, apply for a free agriculture insurance quote with LMBF.