Specialised farm insurance policies are available from three Insurance Companies in Ireland. These are FBD, Aviva and Zurich. O’Callaghan Insurances has excellent and qualified staff that has been dealing with insurance for farmers and the agricultural sector in Ireland for many years. In fact, when we took over the Navan and Monaghan Aviva branches, we employed three ex-Aviva employees so you can be very reassured that we have the right people to guide you through the various covers available for farmers and recommend the right level of cover to suit your and your farm. We will approach the insurance companies and work hard to get you the best farm insurance policy at the lowest cost.
The Agricultural Sector in Ireland is worth €24 billion, employs 150,000 and is comprised of 139,800 farms. Irish farms have 6.5 million cattle, 4.8 million sheep, and 1.5 million pigs and produces 5.4 billion litres of milk each year. 91% for farm land is used for grass (silage, hay and pasture) while only 9% is used for crop production.
All farm policies have a number of common features and depending on your type of farm, you can select between the various different covers.
Farm Property Insurance
This section will protect all of your property such fire and storm damage to outbuildings and sheds, farming machinery and equipment, agricultural produce, roots and potatoes, silage, milking equipment and tanks, theft of tools and diesel. Sometimes farmers will require accidental damage, fire and theft cover for implements and machinery. We are happy to provide you a quotation for your property with and without this additional cover. Deterioration and contamination of milk while held in the bulk tank is also available for dairy farmers.
Farm Liability Insurance
Public Liability is to protect the farmer from liability for accidental injury, accidental damage to property and accidental trespass/obstruction/interference with traffic.
Products Liability is to protect the farmer from accidental injury or accidental damage to property caused by products.
Employers Liability insurance is to protect the farmer’s liability in respect of a claim for bodily injury sustained by an employee. This cover includes damages settled in court as well as the costs incurred in defending the claim.
Agricultural Vehicles, Tractors and Special Type Vehicles
Only vehicles that are driven on a public road needs third party only cover (TPO). Any vehicle that will remain on the farm for the duration of the insurance period may require accidental damage cover and/or fire and theft cover.
Farm Home Cover
Under this section we cover the home building, home contents, sports equipment, bicycles, caravans. Our policy automatically gives accident damage cover for buildings and contents as well as freezer contents with no limits.
Our farm personal accident section is bought on a per unit basis. Each unit covers death, loss of limb, loss of sight, permanent disability, and temporary disability. You may buy up to five units of personal accident insurance. To illustrate, 5 units of personal accident cover would provide a death benefit of €100,000, loss of one or more limbs €100,000, loss of sight €100,000, Permanent disablement €100,000, temporary total disablement €750, temporary partial disablement €375.