Farm Equipment Dealer Insurance
Farm equipment dealer insurance keeps your lot, showroom, parts counter, and service bays protected so you can focus on moving iron. The right policy mix guards against slip‑and‑fall claims, hail on the lot, demo mishaps, cyber threats, and everything between. You’ll want coverage that fits how you sell, store, service, haul, and demo equipment—no fluff, just what works.
Picture gravel crunching under tires, the diesel smell in the shop, and a loader bucket clanking—real risks live there. This page breaks down how farm equipment dealer insurance fits your operation and your budget.
General Liability
General liability (GL) responds when a non‑employee alleges bodily injury, property damage, or personal/advertising injury tied to your dealership’s operations. It follows you on the lot, at trade shows, and during demos. Typical limits start at $1M per occurrence/$2M aggregate. GL won’t cover damage to your own inventory, employee injuries, or auto accidents.
Claim Example: What’s Covered?
- Customer slips on an oily spot near the service door and fractures a wrist.
- Demo tractor bumps a visitor’s truck, denting the door.
- Competitor claims your ad copied their slogan (personal/advertising injury).
- Vendor rep trips over pallet straps by receiving.
- Kid gets a cut on a mower deck during an open‑house tour.
BOP Coverage for Farm Equipment Dealers
A Business Owners Policy (BOP) bundles property, general liability, and business income—clean, efficient, and priced for real life. We schedule buildings, office contents, parts inventory, and shop tools; then extend to outdoor property like fences, lighting, and freestanding signs. Business income with extra expense helps cover payroll, rent, and rush cleanup if a covered loss stalls sales. Equipment Breakdown adds protection when a surge cooks your compressor or diagnostic laptop. Ordinance or law helps with code upgrades after a loss—handy for older shops. Your BOP pairs well with dealer’s open lot for inventory and inland marine for loaners and mobile tools. Wind and hail deductibles matter; set them to match your cash tolerance, not someone else’s.
Claim Example: What’s Covered?
- Overnight theft of high‑value parts and handheld scan tools.
- Brownout surge fries your server and diagnostic laptop.
- Small break‑room fire leads to smoke cleanup across offices.
- Wind knocks down the illuminated pylon sign at the entrance.
Workers' Compensation For Farm Equipment Dealers
Coverage: Covers medical expenses and lost wages for employees injured on the job.
Importance: Required in most states and essential for protecting your business from costly employee injury claims.
Techs, drivers, and parts staff face daily hazards—lift strains, eye injuries from flying debris, slips during winter deliveries, even heat stress in July. Workers’ compensation pays for approved treatment, rehab, and a portion of lost wages; it can also include employer’s liability if your business is sued over a work injury. Classification accuracy matters at audit time; a field tech coded as clerical will cause headaches.
Claim Example: What’s Covered?
- Shoulder strain while removing a loader frame.
- Slip on ice while unloading parts at dawn.
- Metal shard to the eye during grinding.
- Heat exhaustion moving hay tools on a 100°F day.
- Back strain lifting a tiller without a hoist.
What Else do Farm Equipment Dealers need
Round out protection for lots full of heavy iron, service work, and road tests.
- Dealer’s Open Lot (DOL): Covers tractors, UTVs, implements, and attachments held for sale—fire, theft, vandalism, wind/hail, and collision. Pick per‑unit and per‑occurrence limits that match peak season values.
- Inland Marine / Equipment Floater: Protects demo units, rentals, and loaners off‑premises, plus mobile tools and diagnostic gear riding in trucks.
- Bailee / Garagekeepers: Repairs and storage bring customer property into your care. This pays for covered damage from theft, fire, collision, or weather while you’re responsible for it.
- Commercial Auto: Pickups, parts vans, and rollbacks. Add hired/non‑owned for employees using personal cars on errands.
- Umbrella Liability: Extra limits over GL, auto, and employer’s liability. Big iron means big claim potential; umbrellas are cost‑effective headroom.
- Cyber Liability & Data Breach: Parts e‑commerce, DMS systems, and financing apps store sensitive data. Covers breach response, notification, forensics, and defense.
- Crime & Employee Dishonesty: Protection if cash, parts, or inventory go missing due to theft or fraud.
- Equipment Breakdown: Pays when a covered electrical or mechanical failure knocks out compressors, lifts, or panels.
- Outdoor Property & Signs: Fences, yard lights, canopies, and lot signs take the brunt of wind and hail.
- Business Income—Dependent Properties: If a key supplier’s fire stalls your parts pipeline, this helps cover lost revenue.
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