Insurance for Farm Diversification on Estates

At Farm and General, we know that larger farms and estates require specialist insurance. Normally, these rural businesses have a higher-than-average amount of property, which may include family-occupied houses, let residential and commercial properties, and tenanted farms.

Farm and General offers specialist insurance solutions for diversified farms and estates, covering a variety of activities.

Farm Diversification

Diversification constitutes an important part of many estates, and this may take the form of light industrial units (let as offices, workshops or motor mechanics, storage, cafés, shops, or a variety of small traders). Other commercial activities managed by an estate may include an estate farm shop, event venues (weddings or outdoor entertainment), an historic house open to public, and let fishing or shooting.

Additional liability exposure will arise from historic sites or ruins on farmland which are open to the public, and dangerous sites on land such as disused quarries or water features, and equine activities.

Diversification and Estate Management

Active estate owners with a high proportion of land in-hand and who may have an agricultural qualification will often take on responsibility for day-to-day management of the estate. They may decide to only use outside help from a land agent for specific tasks such as letting or selling residential properties or evaluating estate diversification plans.

If a land agent is used, it may be necessary to note the land agent or their firm on the Public Liability section of the policy to cover the agent whilst carrying out estate management duties on instructions from the owner or Trustees.

Combined Insurance Policies

Agricultural specialists, such as Farm and General, have access to specialist insurers with combined farm policies which offer a wide range of cover on one policy.

This includes:

  • Houses and Contents
  • Commercially Let Properties
  • Farm Buildings and contents
  • Renewable Energy – solar, wind & biomass
  • Business Interruption
  • Selected All Risks
  • Employers, Public & Environmental Liabilities
  • Money
  • Personal Accident or Sickness
  • Legal Expenses

The result is a policy that is more comprehensive and easier to manage; it also offers cover at competitive rates. Please get in touch to learn more about our policies or request a quote.