The agriculture, forestry, fishing and hunting industry is one of the most prolific in the United States. However, it is a business that is largely dependent on ideal weather conditions. With the severe weather this country has seen over the past few years, many businesses in this industry suffered losses in production. Fortunately, when protected by a commercial insurance policy specifically designed for operations within the agriculture, forestry, fishing and hunting industry, many business owners were able to weather the storm.
There are currently 531,731 U.S. businesses categorized within the National American Industry Classification System's (NAICS) Agriculture, Forestry, Fishing and Hunting Sector. The NAICS is used to categorize businesses for the purpose of data collection, analysis and reporting. The NAICS includes the following business types under this industry umbrella:
Like any industry, this one is not without its hazards. If a drought dries up your crops or a tornado kills your supply of livestock, for example, you can find yourself facing financial hardships that could potentially ruin your business. Fortunately, there are business insurance plans geared specifically toward those who operate within the agriculture, forestry, fishing and hunting sector.
These plans will include a number of different coverage options, many of which you would not find with a standard business insurance plan. Of course, even within this sector, coverage needs can vary greatly from one business to another, so it is important to build a policy that is suited specifically for your operation.
Some examples of coverage options you might want to consider are:
For help building a suitable business insurance policy for your agriculture, forestry, fishing or hunting endeavor, contact an independent agent in the Trusted Choice® network. These agents can answer your insurance-related questions and help you understand your many coverage options. They can also work with a number of different insurance providers to help you build a business policy that is well-suited to your specific company.
Contact a Trusted Choice agent near you to learn more and you can start comparing quotes for insurance for the agriculture, forestry, fishing and hunting industry today.