From fire to finance: farm contents insurance cover is essential for Australian agriculture

In pursuit of cost-saving, farmers may be tempted to remove insurance cover for their farm contents.

However, these decisions shouldn't be taken lightly – farm contents cover encompasses a wide range of protection that can safeguard farming against common risks.

Understanding the risks facing farmers is important for mitigating the financial impact of fire-related losses and facilitating the reconstruction of crucial records.

ARGIS recognises the diverse needs of Australian farmers and offer flexible options, so brokers can help tailor insurance packages to their client's unique requirements.

Let's explore some of the extensions ARGIS Farm Extra Insurance offers so you can guide your clients through conversations about cost and cover.

Automatic extensions of ARGIS Farm Extra Insurance: what are the essentials?

• Farming interruption cover

Automatic and indispensable, this extension in cover ensures continuity of farming operations following a loss by fire or other covered events. From protecting third-party properties to hiring contractors during critical periods like harvest season, it can provide much-needed support when farmers need it most.

• Livestock and Goods in Transit

Livestock and goods in transit cover can assist with damage or loss resulting from motor vehicle accidents, with additional provisions for vet services and removal of debris.

• Fire Fighting Costs

Following a fire, this extension covers up to $20,000 in additional costs. From replenishing firefighting equipment to covering wages for employees assisting in firefighting efforts, it's a key addition for many farmers.

• Livestock Death by Dogs

Addressing a specific risk faced by farmers, this extension provides coverage for livestock deaths caused by dogs not owned by the insured or their employees. With provisions for vet fees and the option of temporary protection, it's a valuable addition to the ARGIS Farm Extra Insurance policy.

• Employees’ Clothing Cover

Recognising the contribution of farm employees, ARGIS Farm Extra Insurance offers cover to repair or replace clothing damaged while combating a fire. This extension offers up to $5,000 allocated per employee and $20,000 per event in addition to the Sum Insured.

What optional extensions should your clients consider?

• Prevention of Access

This extension provides coverage if stock collection is disrupted due to natural disasters. Tailored primarily for dairy farmers, it ensures financial protection in the event of unforeseen circumstances affecting milk production.

• Contamination and/or Spoilage

Safeguarding against financial losses due to contamination or storage equipment malfunction, this optional extension is an extra protection for dairy farmers’ milk produce.

• Coverage for Tax Audit Costs

This extension recognises the administrative burden faced by farmers, covering costs associated with tax audits.

ARGIS Farm Extra Insurance's suite of optional and automatic extensions of cover is designed to provide comprehensive protection based on your client's unique needs.

Leverage our expertise

By partnering with ARGIS, brokers can access a wealth of expertise, empowering them to provide the best possible cover for their clients.

Start the conversation today by contacting us at 1300 794 364 or by email at argis@argis.com.au.

The cover is subject to terms and conditions, limits and exclusions of the policy. Any information provided above is general advice only and has been prepared without taking into account your client's objectives, financial situation or needs. SGUAS Pty Ltd t/as ARGIS Insurance acts for the insurer, Pacific International Insurance Pty Limited (Pacific). Consider the Product Disclosure Statement and Target Market Determination, available by contacting Pacific on 1300 794 364 or visiting www.argis.com.au before deciding if it is right for you.