Tennessee has 603,310 small businesses in existence. The proper coverage is necessary to avoid financial ruin. Tennessee business insurance can provide protection for your farm's equipment under a specific policy.

A Tennessee independent insurance agent will have access to several markets so that you have options on coverage and price. They will find a policy that fits your budget, saving you time. Connect with a local expert for tailored protection in minutes. 

Farm Equipment Insurance in Tennessee

Your Tennessee farm equipment is vital to your business. Without it, you wouldn't be able to operate your farm. Farm equipment insurance can help protect against common perils such as:

• Fire
• Theft
• Vandalism
• Storm damage

Commercial or industrial equipment rental revenue in the US (in million US dollars)

Some farms have to rent or rent out equipment to manage their property. It's essential to know what your insurance will cover.  

What Does Farm Equipment Insurance Cover in Tennessee?

Your farm's equipment helps your operation run. One loss on a tractor could cost thousands of dollars in expense without the right coverage. Check out what farm equipment insurance will cover:

• Coverage to replace or repair failed equipment
• Coverage for the labor to replace or repair failed equipment
• Coverage for lost income due to failed equipment

Market share of the leading equipment rental companies in the US in 2020 

If your farm leases equipment out to other farmers, then you're a part of this figure. You'll want proper protection to avoid a potential lawsuit.

What Doesn't Farm Equipment Insurance Cover in Tennessee?

Your Tennessee farm equipment insurance will have exclusions. Farm equipment coverage will provide insurance for items listed on your policy, and anything else is typically not covered. Take a look at the common things that won't be included in your farm equipment policy:

• Crops: Your farm's crops will be covered under a separate crop policy for any damage.
• Vehicles: Some insureds think automobiles or company vehicles fall under farm equipment, but they don't.
• Structures: If you want coverage for any buildings, it will fall under your farm's property coverage.

Farm Equipment Insurance Costs in Tennessee

How much your farm equipment insurance costs will vary. Carriers determine premiums on an individual basis and based on your equipment's specifics. Take a look at some things companies use to rate that will affect your farm equipment pricing:

• The value of each piece of equipment
• Your safety measures in place
• Who operates said equipment
• Your claims history
• Your business address
• Local disasters

Common Tennessee natural disasters that can impact your premiums:

• Severe storms and lightning damage
• Flooding and water damage
• Burglary and other property crimes
• Wildfires and residential fire
• Tornadoes

Additional Policies for your Farm in Tennessee

Your equipment policy won't cover every risk on your farm. You'll have to obtain liability and other property policies to have adequate protection. Take a look at some additional coverage options for your farm in Tennessee:

• Commercial umbrella insurance: This policy can be obtained for additional liability coverage above and beyond your underlying limits. 
• Commercial property insurance: This will provide coverage up to the replacement value for structures on your farm. 
• Commercial auto insurance: If you use vehicles to run your farm, this policy will provide liability and property damage protection.
• Extended liability limits: You can increase your underlying liability limits for added coverage.

How to Connect with an Independent Insurance Agent in Tennessee

In Tennessee, your farm insurance is crucial to avoiding a significant out-of-pocket expense. If you're found without proper coverage, you could be out hundreds of thousands of dollars or worse. Instead of going it alone, consider using a licensed professional. 

A Tennessee independent insurance agent can help you find coverage for an affordable price. They'll do the shopping for you so that you can save time. Connect with a local expert on TrustedChoice for custom quotes today.