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Arrival of the storm on the countryside

Farm and Ranch Insurance

Insurance to protect farming equipment, implements, data, and technology

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    Precision Ag offers protection for more than farming equipment

    Today’s farmers depend on more than costly machinery. They use data and technology to gain efficiencies and stay competitive in an ever-changing market—leaving them vulnerable to emerging cyber risks. HSB’s Precision Ag insurance offers protection for farming equipment, implements, and the technology and data that run them. 
    See how Precision Ag helps protect today’s farmers
    Helping cover farmers from long-standing and emerging farm and ranch risks.

    Helping farmers put food on our tables

    With HSB’s expertise, Precision Ag insurance, and risk management services, farmers can help protect their equipment and farm implements from the financial loss of breakdowns, and their technology and data from cyber risk. 

    Insuring against equipment breakdown

    Farms depend on a wide array of costly equipment and machinery—from irrigators, global positioning systems (GPS), and equipment in the cab. Much of that equipment is controlled by sensitive electronics vulnerable to damage. Yet no insurance has been available that covers the risks most important to farmers—until now.

    HSB’s Precision Ag coverage offers protection for growing equipment breakdown risks. Coverages can be configured to fit your farm owner’s product, your pricing strategy, and the needs of your policyholders.

    HSB’s Precision Ag includes these groundbreaking enhancements:

    • Electronics in the cab
    • Farm implement coverage
    • Renewable energy
    • Future loss avoidance
    • Disruption of farming operations

    Protecting farm implements

    HSB’S Precision Ag coverage includes an option for mobile farm implements and the precision electronics that control them.

    Covering mobile farm implements and the electronics for precision farming is crucial. Precision Ag is insurance that addresses not only the physical breakdown of farm implements, but also invisible-to-the-eye microelectronics damage and firmware failure within their controls.

    Covered mobile farm implements include seeders, spreaders, sprayers, tillers, and their controlling electronics. HSB’s Precision Ag has advanced to cover both breakdowns to portable agricultural implements and undetectable damage to sensitive microcircuits or due to firmware failure. Now you can fill a major gap that has existed in farm owner’s insurance.  

    Protecting electronics in the cab

    The cab is the command center for farm implements, and the microelectronics in the cab are integral to its operation. Because they are highly sensitive and vulnerable to the harsh conditions under which they are used, it may take only a modest accumulation of dust or chaff to cause a short-circuit or render a sensor and activator inoperable. When microelectronics go down, the impact on the workday can be significant.

    Physical damage can bring farming operations to a halt, but there’s a new threat to consider. Cyber events such as virus or malware attacks can also abruptly shut down farming operations. The resulting impact is no different than that of a mechanical failure—downtime, interruption of operations, and added expense.

    New risks demand new solutions for farmers. Having Precision Ag coverage is critical. A partnership with HSB ensures that your policyholders are getting the most comprehensive coverage and services available today.

    Insuring against computer attack and cyber extortion

    Cyber security threats have become more common and disruptive than ever, and modern farms and their data are vulnerable to them as well.

    Our Precision Ag coverage offers additional protection to the farmer against cyber security threats involving computer attack and cyber extortion. Protection also extends to personal devices used in the business of farming.

    Coverage for computer attacks can include:

    • Data restoration and data re-creation
    • System restoration
    • Income loss and expense
    • Extended income recovery
    • Future loss avoidance

    Equipment Risk Services for farm and ranch

    HSB experts will support you through product integration, filing, and marketing Precision Ag. We also provide Farm and Cyber claims experts and virtual claim services. 

    Risk management services

    When you partner with HSB, your staff and policyholders have access to online operation and maintenance information; training; infrared and vibration surveys; predictive analysis of transformer fluid, lube oil, and methane gas; cyber tips and best practices; and underwriting data analytics.

    IoT / Sensor services

    HSB Connected Technologies provide farmers with a valuable early warning system that uses the latest IoT technology to detect water and monitor indoor temperatures. 

    Comprehensive cyber coverage

    Full cyber coverage is available with HSB’s Farm Cyber endorsement.  

    What can go wrong

    Farmers depend on a wide array of costly equipment and machinery, much of which is controlled by sensitive electronics and technology. Because their work is so cyclical, an equipment breakdown at the wrong time—such as when crops are ready to harvest—can mean downtime and large losses. By examining different loss examples, you can gain insight into why farm and ranch insurance is so important.
    A control box on a center pivot irrigator broke down, sending the irrigator onto uneven ground and damaging the farm machinery. Costs to replace the control box and repair the irrigator were covered.
    A virus infiltrated the on-board computer system in a farmer’s combine and caused incorrect mapping of new farmland. Costs to remove the virus and restore the on-board system were covered.
    Malware was installed on a farmer’s harvest data system, disabling the system completely and interrupting the harvesting during a critical time. Costs to totally restoration all system software and data were covered.

    Why trust HSB for farm and ranch insurance

    150+
    Years
    With over 150 years of equipment breakdown experience, HSB understands what makes farm equipment run longer and more efficiently.
    A++
    Rated
    HSB is rated A++ (Superior) by A.M. Best Company, the largest credit rating agency in the world specializing in the insurance industry.

    Additional product information

    Additional commercial coverages

    Protection for those who put food on our tables

    With Farm and Ranch insurance risk solutions like these, farmers can face the future with confidence. Whether your clients are using the latest farming equipment and implements or facing emerging cyber risks, they can feel confident that if something happens, HSB will be there to help them get back on track.