When you own acreage, it just makes sense to use it for something special. A farm has a lot of upsides and can be a significant business venture. South Carolina commercial insurance will have protection for your hemp farm and more. 

A South Carolina independent insurance agent shops through dozens of markets, saving you time and money. They'll compare coverage and prices for free. Connect with a local expert to get started in minutes. 

What Does Hemp Farm Insurance Cover?

Your South Carolina hemp farm insurance can supply protection for numerous losses. Each policy covers a different risk exposure that your operation may encounter.

What your hemp farm insurance generally covers:

• Liability: A general liability policy will provide bodily injury and property damage coverage.
• Commercial property: This policy covers your farm structures and pole barns, and can even insure your equipment.
• Crops: You'll need crop insurance that can be found through the federal government to protect against fire, theft, and natural disasters.
• Accidents: This can be anything from coverage for electrocution, fire, and smoke, to loading and unloading of livestock.
• Hail: to protect your crops from hail damage, you'll need a separate crop-hail policy through private insurers. 
• Natural disasters: Volcanic eruptions and sinkholes are covered. Typically floods and earthquakes are covered under separate policies.
• Weather events: Lightning, wind, hail, tornadoes, and more.
• Crimes and civil unrest: This is for theft and vandalism of livestock.

Volume of insured acres of farmland in the US, by crop

There is a lot of farmland in the country, and each parcel needs specific coverage. Crop insurance limits depend on a variety of factors, and hemp farms are no different. 

What Doesn't Hemp Farm Insurance Cover in South Carolina?

When you run a farm, it's good to know both sides of the fence. You should be aware of what your hemp farm insurance covers and what it doesn't. 

Coverage that could be added but does not come standard on your hemp farm policy:

• Negligence
• The collapse of a building
• Attack by wild animals
• Act of war

Acreage for hemp cultivation worldwide, by country

The hemp industry has grown over the past several years. This makes having a hemp farm a venture that might be worth the risk. 

Common Risks on a South Carolina Hemp Farm

It's good practice to understand your hemp farm's risk exposures. Some of these items can be found by asking the right questions. 

Your independent insurance agent will need to know the following to get started:

• If you have crops: If your farm deals with planting and producing crops, you'll need separate crop insurance.
• Other structures and buildings: If you have a home, pole barns, and more on your property, you'll need coverage for the buildings themselves.
• What preemptive protection you have in place: Carriers will want to know how you are proactive, such as if you are accounting for the risk of predators by having fencing and more. 

Additional Coverage for Your Hemp Farm in South Carolina

Every farm in South Carolina will need to be protected differently. It may be a smart move to have extra coverage in case the worst happens. Take a look at some additional coverage options for your hemp farm in South Carolina:

• Commercial umbrella insurance: This policy can be obtained for additional liability coverage above and beyond your underlying limits. 
• Inland marine insurance for farm equipment: This can be added to any farm policy that uses equipment, tractors, and more for tending to their farm.
• Extended liability limits: You can increase your underlying liability limits for added coverage.

How a South Carolina Independent Insurance Agent Can Help

If you own a hemp farm in South Carolina, it can be a labor of love. Your farm will need protection from the elements to avoid a devastating blow to the pocketbook. Instead of trying to figure it out on your own, consult with a licensed professional for free. 

A South Carolina independent insurance agent has access to multiple markets so that you have options on policy and price. They'll even do the shopping for you at no additional cost. Connect with a local expert on trustedchoice.com to get started today.