For nearly 50 years, Wedgwood Insurance has been protecting farms across Newfoundland and Labrador. From the fertile fields of Goulds to the rolling pastures of Cormac, we’ve built deep knowledge of the unique challenges that local farmers face. And we’ve built trust with families who depend on their farms not only as a business, but as their homes and legacies.
Running a farm is deeply rewarding, but it isn’t easy. Between unpredictable weather, market swings, and the never-ending list of daily tasks, there’s no shortage of risks. That’s why farm insurance isn’t just a safety net; it’s a lifeline that keeps your farm, your family, and your future secure.
Key Types of Farm Insurance Coverage
Farm Property Insurance
Protects your barns, silos, sheds, and grain bins from perils like fire, theft, or severe weather. You can also add business interruption coverage to help with mortgage payments, employee wages, and other costs if you’re forced to pause operations.
Machinery, Tools, and Equipment Insurance
Modern farms depend on tractors, harvesters, and irrigation systems. Farm equipment insurance offers additional coverage when breakdowns, theft, or damage threaten productivity.
Auto Insurance
On-road vehicles need their own policies, whether used for business or personal purposes. We’ll help you tailor coverage for both.
Livestock Insurance
For farms with livestock, animals are among your most valuable assets. Livestock insurance protects against accidents, disease, theft, or extreme weather, even when your animals are in transit or at shows and fairs.
Commercial General Liability Insurance
Farms are busy, and accidents happen. CGL coverage protects against financial losses from injuries, property damage, or lawsuits. You can also add product liability, recall coverage, and pollution liability to guard against specialized risks.
Crop Insurance
Federally supported and provincially administered crop insurance programs cover losses caused by weather, pests, or disease. This ensures family farms can stabilize income even in difficult seasons.
Cultivating Peace of Mind
At Wedgwood Insurance, we know what’s at stake because we’ve worked with Newfoundland and Labrador’s farmers for nearly five decades. A single storm, fire, or lawsuit could undo years of effort, but the right protection helps ensure your farm can withstand the unexpected.
Talk to a local broker who understands farming in Newfoundland and Labrador. Let’s safeguard your farm, your family, and your legacy together.
Use the yellow hot spots and explore how farm insurance can help protect against common risks.
Utility vehicles or ATVs designed for use on farms can increase liability. This is mainly because these vehicles are known to be associated with high-risk behaviors, such as operating the vehicle without the use of protective equipment.
If you routinely ride your ATV or utility vehicle, be sure to always use good judgment and wear proper protective equipment, such as a helmet. Additionally, avoid behaviors that are known to increase risk of injury, such as riding on roads that are intended for automobiles.
Say, for example, that the beef produced from the cows raised or kept on a farm causes illness in a consumer when it’s eaten.
To combat this risk, add an endorsement that modifies your insurance policy to protect you from these potential mistakes.
Equipment used on a farm has a high risk of mechanical breakdown. For example, a farmer's combine or chopper could ingest a rock causing equipment failure.
Add Foreign Object Ingestion coverage so the repairs on your combine or chopper will be covered on your policy. Ask your agent if your policy has this coverage since it is not "automatic" on most farm policies.
During harvest, a farmer often stores grain in grain bins, and this grain usually sells within a few months. Coverage is needed while the grain is on-site, but it could get expensive to fully maintain this coverage during the rest of the year when no grain is present on the farm.
Cover the grain under peak season. This option tailors your coverage to provide increased amounts of insurance during the months in which you have grain on your farm. This type of coverage can be applied to any harvested crop, not just grains.
Pollution is an increasing risk that can occur due to the improper storage or application of pesticides and fertilizers, runoff, and above ground or underground storage tanks.
It is difficult to control pollution risks on your farm, but it is not impossible. You can protect yourself against this type of risk by obtaining environmental insurance that provides protection for both bodily injury and property damage caused by a farm pollution incident.
What happens when your farm faces a large liability loss that exceeds the basic limit of your standard policy?
A commercial umbrella insurance policy increases your liability limits by adding protection over and above your current farm policies - providing real financial value, as well as priceless peace of mind. Commercial umbrella insurance is available either by an endorsement to your farm policy or as separate coverage.
If you're caring for livestock owned by others on your farm and an unfortunate event occurs causing the death of some or all of this livestock, you may be held responsible.
To protect yourself and your farm from this type of risk, add care, custody, and control to your insurance policy as an endorsement.
Does your farm provide services for others? If so, you may be held responsible for the business activities related to these services.
To protect yourself from any type of incident relating to these business activities, add an endorsement for custom farming to your insurance policy.
There are many uncontrollable factors that affect the growth of field crops, such as weather. Are you prepared for what might happen if your crops are devastated by an uncontrollable incident?
You can protect your livelihood and investment from this type of unavoidable risk with the addition of multi-peril crop insurance.
If you have a barn or farm structure, a loss to these structures can be catastrophic, potentially putting the farm out of business.
Be sure you have adequate property coverage to protect your farm from potential catastrophic loss.
If your tractor, combine, harvester, or other farming equipment has cab glass, that glass could break. It can be an expensive repair and cause your equipment to be unavailable for an extended amount of time.
Be sure you have coverage to help pay for repairs or other service work for broken glass.
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About Wedgwood Insurance
Wedgwood Insurance has offices in St. John’s & Corner Brook and is Newfoundland & Labrador’s largest independent insurance broker. We provide straightforward home, auto & business insurance advice.
With over 350 Google My Business reviews, experience the Wedgwood difference with expert advice from our dedicated team. We ensure that every client has the coverage that best suits their needs through upfront complimentary consultations and midterm reviews.
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