People don’t usually think about their insurance policy until a loss occurs, says Suzanne Lois of Mangold Insurance, Inc. But that can leave you without the proper risk protection, especially if you haven’t updated your policy to reflect your dairy’s current situation. For instance, pollution liability coverage is one of the biggest issues facing the dairy industry, but many farm policies don’t cover problems like manure or chemical spills.
To protect yourself and your business, make sure that your insurance agent is familiar with agriculture — and with your operation in particular. Then, re-evaluate your policy every year. Use your agent as a tool for your operation, recommends Lois.