Southern Farm & Wind Insurance: A Reputation for Reliable Farm and Ranch Workers Comp Insurance
Work Safe on the Range: Workers Compensation is Assurance for Farm Employers & Employees Alike
Commercial farm and ranch workers perform extremely difficult jobs day in and day out. According to the Occupational Safety and Health Administration (OSHA), agriculture work ranks among one of our nation’s most hazardous industries. Regardless, in the South, it is surprisingly not always legally required to have Workers Compensation insurance for Agriculture Businesses.
With such high-risk involved in farming and ranching operations, workers compensation seems in your best interest. Southern Farm and Wind Insurance can help you decide if Workers Compensation is right for your agribusiness operation and if so, what type and in what amount specifically. At Southern Farm and Wind Insurance, we do the shopping around for you. We have multiple carrier options to help you realize the best value for your farm or ranch.
Workers Compensation and The Agribusiness Exception
Workers Compensation is a dreaded topic in the commercial farm and ranch industry. Some of this has to do with the uniqueness of the agribusiness industry. Farm Worker’s Compensation provides an additional challenge because of the complexity of farm operations, and the regular use of independent contractors.
Furthermore, in the United States, Workers Compensation law for the agribusiness industry is mandated by each state. This means each state gets to decide if they would like to make workers compensation for agribusiness required by law, if so to what degree/limits and how it is implemented.
Moreover, there are not many insurance providers that offer agribusiness workers compensation in states where it is not required, which makes finding ideal workers comp coverage taxing and nearly impossible. We know the industry and have access to and knowledge of the coverage you need.
The Difficulties Agribusinesses Face When Finding Workers Compensation Coverage
Very few insurance providers will write farm or ranch Worker’s Compensation on a monoline basis. What this means is that most farm insurance companies will require Farm Worker’s Compensation to be written in conjunction with a property policy, like a homeowners insurance policy for example.
Other carriers do not accept all classes of agri-business. This mainly includes high-risk classes. For example, row-crop farms. These types of operations can be harder to insure because of the higher potential for loss.
In addition to only insuring specific eligible farm or ranch operations, some carriers will only write Worker’s Compensation policies for a certain premium size. Minimum policy premiums may be anywhere from $2,500 to $5,000 or more.
In some other states, Workers Compensation coverage is limited to full-time workers, those employed in specialty jobs, those employed on larger farms and/or limited to the number of work hours, man hours, number of full-time versus part-time workers, and the like. Making sense of workers compensation for your commercial farm or ranch operation may seem overwhelming. Southern Farm and Wind Insurance is here to walk you through your state's workers compensation requirements and exceptions. We help you find the best coverage at the best price.
Agribusinesses Must Still Look Out for The Safety of Employees
Even though some states are exempt from obtaining workers compensation, agribusiness employers are still required to follow strict guidelines for the safety of their employees.
It’s also important to note that non-compliant employers give up their right to use all common law defenses and expose themselves not only to the cost of personally paying for injured workers’ wage losses and medical expenses but also to negligence lawsuits brought on by the injured employee/employees. The right Farmers Workers Compensation policy could be the financial lifejacket you need one day.
Which States Legally Require Agricultural Businesses to Carry Workers Compensation?
According to the International Risk Management Institute, only the following 13 states require employers to provide workers compensation for their agricultural business workers: Arizona, California, Colorado, Connecticut, Hawaii, Idaho, Massachusetts, Minnesota, Montana, New Hampshire, New Jersey, Ohio, and Oregon.
Most Southern states are not legally required to carry workers comp, but for the security of your biggest investment, Southern Farm and Wind Insurance recommends you buy some form of workers compensation insurance for your farm or ranch. Southern Farm and Wind Insurance serves all Southern states and can help you find the right Workers Comp insurance for your agribusiness endeavor, be it a dairy farm, a sod farm, cattle ranch or fishery, we have got you covered at an affordable rate!
The Alternative to Worker Comp: Commercial Farm and Ranch Voluntary Compensation Endorsements
Voluntary Compensation endorsements coverage affords workers compensation benefits to individuals who aren't covered under state workers compensation laws, like agribusiness workers. As its name suggests, it is optional coverage that farm or ranch employers may purchase voluntarily. This coverage can serve as a hedge against lawsuits by uninsured workers.
This endorsement can make it so as a condition of receiving benefits, a worker must release you of all responsibility for their injury or death. In other words, the worker cannot accept benefits for an injury, and then file a lawsuit against you for the same injury.
The Voluntary Compensation endorsement affords you employers liability coverage. This coverage protects you if the farm or ranch worker declines workers compensation benefits, and sues you for damages instead.
There is much more involved in the purchase and use of Voluntary Compensation endorsements. Southern Farm and Ranch Insurance can help you make sense of your options and what that coverage means for your agribusiness operation. Speak with a representative from Southern Farm and Wind before making any workers compensation choices!
What Does Farm and Ranch Workers Compensation Cover Anyway?
Workers Compensation covers several expenses related to a farmworker's recovery from an on-the-job incident:
- Lost-time payments
- Medical care reimbursement
- Rehabilitative services payments
Because of the complexity of Worker’s Compensation and the laws surrounding it, it is important to discuss your options with an experienced Southern Farm and Wind insurance agent.
For a Free Farm and Ranch Workers Compensation Insurance Quote, Contact Southern Farm and Wind Insurance
What types of Workers Compensation insurance coverage do you need for your commercial farm or ranch? Not sure? Interested in exploring your options while saving money at the same time? Southern Farm and Wind Insurance has the answers you need to make informed Agribusiness Workers Compensation policy decisions!
Southern Farm and Wind Insurance is a family business with 3 generations of experience serving all kinds of commercial and agricultural business insurance in the South. Give us a call today for a free no-risk Agri-Business Workers Comp insurance quote to protect the company you have worked so hard to establish and work so hard to run.
To set an appointment with one of our knowledgeable farm insurance agents or if you have any questions regarding commercial farm and ranch Workers Compensation insurance contact Southern Farm and Wind Insurance by calling 1-800-385-1559 We proudly serve the South including the states of Florida, Georgia, Alabama, South Carolina, Tennessee, Mississippi, and their surroundings. For an online Agri-business Workers Comp insurance quote, simply fill out the “get a quote” form on this page. We look forward to working with you!