When you run a ranch, there are many risk exposures you'll have to account for. If livestock is part of your operation, you'll want protection that won't break the bank. Tennessee business insurance will provide coverage for your cattle ranch.

A Tennessee independent insurance agent is a knowledgeable resource when it comes to insuring your ranch. They have a network of carriers so that you have options. Connect with a local expert for tailored quotes. 

What Does Cattle Ranch Insurance Cover in Tennessee?

When you own a cattle ranch in Tennessee, having a general knowledge of what could be covered under your policies is essential. The proper insurance starts with knowing what's included and what's not.

What your cattle ranch insurance generally covers:

• Accidents: This can be anything from coverage for electrocution, fire, and smoke, to loading and unloading livestock.
• Natural disasters: Volcanic eruptions and sinkholes are covered. Typically floods and earthquakes are covered under a separate policy.
• Weather events: Lightning, wind, hail, tornadoes, and more.
• Crimes and civil unrest: This is for theft and vandalism of livestock.
• Collision or other death while transporting: This is in-transit coverage for your livestock.

What Doesn't Cattle Ranch Insurance Cover in Tennessee?

While it's key to know what your Tennessee cattle ranch policies will protect you from, it's just as important to know what they won't. When it comes to your herd, specific things aren't covered or have to be added separately.

There is typically an endorsement or included coverage depending on the carrier for the following:

• Accidental shooting
• Drowning
• Attack by wild animals
• The collapse of a building on livestock

What your livestock insurance doesn't cover:

• Old age
• Death by natural causes
• Disease

How Much Livestock Is Covered with Tennessee Cattle Ranch Insurance?

Your cattle face death daily due to accidents and disease. Tennessee cattle ranch insurance can cover your animals in one of three ways:

• Individual coverage: This insurance usually covers higher-value animals on an individual basis. The animals are listed on the policy and covered for a specific dollar amount.
• Blanket coverage: This type of policy allows you to insure all your farm property for a predetermined value. It includes structures, equipment, tools, and livestock.
• Herd coverage: This is the simplest and most prevalent type of insurance for livestock. This coverage allows you to insure a specific number of animals.

There's no doubt that the beef industry is a big part of American culture. The US is the largest producer of beef in the world. 

The largest producers of beef in the world

If you own a cattle ranch, insuring it properly is vital to protecting your asset. The cost for your coverage is relative and depends on numerous items.

How Much Is Cattle Ranch Insurance in Tennessee?

Your Tennessee cattle ranch insurance costs will vary. Coverage depends on several factors and is different for every ranch. For cattle alone, there's a value of over $100 million in the US, as can be seen in the graph below.

The US total value of cattle and calves (in million US dollars)

The loss that your ranch would suffer for just one animal might not break your business, but if you lost a herd, you could be out many thousands. The cost of insuring your livestock will all depend on your livestock's specifics. Some premium deciding factors are as follows:

• What is the livestock worth?
• How is the livestock's health?
• How is the livestock managed and maintained?
• Have your herds had any prior claims?

Do I Need Specific Liability Coverage for My Tennessee Cattle Ranch?

Liability insurance is one of the most critical coverages your cattle ranch can carry. It will save you from lawsuits that may not be your fault but where you're still liable. Check out the different liability options you'll have:

• General liability insurance: This is your primary policy and will pay for a lawsuit arising from bodily injury, property damage, or slander. 
• Commercial umbrella insurance: This liability coverage will go above and beyond your underlying policies and extend protection starting at $1,000,000.
• Product liability insurance: If you sell products such as cattle or meat, this coverage will help protect you from a lawsuit arising from a loss involving a product you sold to a client. 

How a Tennessee Independent Insurance Agent Can Help

Cattle ranch insurance in Tennessee can be confusing if you're not a licensed professional. There are several ways you can find coverage, and having options is key. When you work with a licensed professional, you can relax.

A Tennessee independent insurance agent will have access to multiple markets so that you get the best policies. They do the shopping for you at no additional costs. Connect with a local expert on TrustedChoice to start saving today.