View & Print Coupons
  • |
  • |
Please insert a friend's information that you would like send an email to.
Friend's Email Address:  
Friend's Name:
Your Email Address:
Your Name:
Special Message:

Energy Generator Insurance for Your Farm


Make sure every part of your business is covered.

Windmills, solar panels and methane digesters are popping up on farms across the country. With fuel prices increasing, more farmers are turning to alternative sources of energy as a cost-cutting measure.

If you are considering on-farm energy generation, make sure to factor in your insurance needs. Your policy might need to be adjusted to account for the added equipment and liability. Keep your insurance agent aware of any new equipment and processes so you can be sure your business is adequately covered in the event of a loss.

Equipment breakdown

This type of coverage is for physical damage; in the event of a loss, this coverage would pay for the repair or replacement of the generators.

While most farm policies provide equipment breakdown coverage to built-in or affixed farm structures, usually policies do not include energy generating equipment. Your agent will need to individually schedule them under the part of the policy that covers farm structures and buildings.

Typically, for electrical generating equipment with outputs of 250 kilowatts or less, there is no additional charge, but they still need to be scheduled to have coverage. For equipment with outputs greater than 250 kilowatts, there could be an additional charge.

Insurance usually covers losses from mechanical breakdown, artificially generated electrical current arcing, or similar causes. You have the option as well to get coverage for the following causes of loss:

  • Loss of income/extra expenses incurred during the time of loss.
  • Spoilage of perishable goods caused by the equipment breakdown.
  • Hazardous substance clean up from the mechanical breakdown.
  • Any expenses incurred for temporary repairs to expedite permanent repairs.
  • Data restoration for lost data caused by equipment breakdown.
  • Service interruption for damage to equipment owned by a utility or other supplier with whom there is a contract of service.

Liability

In addition to covering physical damage to the sustainable on-farm energy generators, you might also need to add liability coverage. You want to make sure you are fully covered in the event of a lawsuit.
Certain exposures should be discussed with your insurance agent with regards to liability insurance:

  • How often guests or outsiders visit the property
  • What precautions or barriers are present to prevent contact by people
  • How the energy being generated is used

Many farmers invest in energy generation to provide additional revenue from selling excess capacity. But commercial energy generation might require more liability coverage. There is more exposure to loss of income for businesses that could be impacted by a loss of power. Most farm policies don’t include liability coverage for energy sales back to the grid so farmers may need an endorsement or extra policy.

On-farm energy generation can be valuable addition to your operation. Making sure your farm is properly covered will help protect your business from top to bottom.

Special Member Savings

At Southern States®, we are proud to be one of the nation's largest farmer-owned cooperatives. Southern States has partnered with Nationwide® Agribusiness Insurance to offer Southern States Cooperative member-producers in North Carolina and Virginia special discounts on insurance. In addition to giving you exclusive insurance savings, we're also joining forces to support the cooperative that means so much to you.

Nationwide® Agribusiness is the number 1 insurer of farms in the U.S. and a leading insurer of commercial agribusiness. Go to southernstatesnwag.com to find a local agent.


Related Products

GridList

Little Giant Duratote Tote Box Blue
COMPARE
$11.99
Little Giant Duratote Tote Box Blue
Check Store Availability
Check Store Availability
Little Giant Duratote Tote Box Navy
COMPARE
$11.99
Little Giant Duratote Tote Box Navy
Check Store Availability
Check Store Availability
Hot Max Little Max Propane Torch Kit
COMPARE
$57.99
Hot Max Little Max Propane Torch Kit
Check Store Availability
Check Store Availability
American Power Pull Consumer Grade Cable Puller 1 Ton
COMPARE
$25.49
American Power Pull Consumer Grade Cable Puller 1 Ton
Check Store Availability
Check Store Availability
Coleman Cable Extra-Power 14-Gauge Outdoor Cord 50ft
COMPARE
$30.99
Coleman Cable Extra-Power 14-Gauge Outdoor Cord 50ft
Check Store Availability
Check Store Availability
Erickson Cam Buckle Tie-Down Straps 1
COMPARE
$18.99
Erickson Cam Buckle Tie-Down Straps 1"x 5.5' 4/Pk Red
Check Store Availability
Check Store Availability
Gamma Plastics Vittles Vault Pet Food Container 40 lb
COMPARE
$36.99
Gamma Plastics Vittles Vault Pet Food Container 40 lb
Check Store Availability
Check Store Availability
Inland Heavy Duty Hay Cover 33ft x 48ft
COMPARE
$439.99
Inland Heavy Duty Hay Cover 33ft x 48ft
Check Store Availability
Check Store Availability


Product availability and pricing may vary by location.
These products may be purchased at your local store.
Images are representative only. Color and size may vary.
Your Current Store:

You will see pricing and specials based on this store.