Different individuals that are involved within the farm or agriculture insurance industry include the insurance company and its agents, farmers and ranch owners. All of the people within these careers work closely together to properly operate and insure a highly specialized industry.
Insurers for farms and ranches can either be part of a large commercial operation, or a smaller, independent company. Many times, the commercial companies work with larger output farmers, or money-earning equine stables, while the independent specialists will work with smaller, local ranches or farms. In either case, it is hard for the brokers to form a standardized coverage package due to the flexibility of crops, horsed, livestock and other aspects of farming or ranch life. Some may only need mortality for their livestock, while others need crop coverage. Therefore, insurance agents or consultants are necessary to work with the customers.
Insurance agents typically require a college degree. They also need to undergo a great deal of on the job, and industry specific, training. Consultants need to be knowledgeable about the different types of mortality, accident and liability coverage that is offered for horses, especially breeding stallions or mares. They also need to know the differences between packages offered for ranch animals, like cattle or chickens, to protection, liability or loss of use coverage offered for large machinery, like tractors or watering trucks. These agents are the ones that offer equine ranchers and crop farmers different quotes, and may even work with them for total estate coverage. Estate insurance would commonly protect everything, including incident of theft or accidents requiring medical care for workers. Whatever the case, the insurance agents help their clients find the necessary insurance packages and coverage.