if you process payments online, use cloud systems to store company information, or store customer data in a computer system, you should probably invest in cyber insurance. General liability insurance likely won’t cover all the expenses that could result after a data breach. If you consider that a breach can cost you tens of thousands of dollars or more the premium will be well worth the investment.

Many insurers have shown that consumers’ credit histories can predict whether they will or will not file insurance claims and that this information should affect the premiums that they charge. Insurers’ loss experience has shown that certain factors of an insured’s credit history help determine how likely he or she is to have losses and therefore file claims. Ask your agent if they are using credit to rate your policy, it has become common practice.

Both farm and ranch insurance and homeowner’s insurance are generally designed to protect property and limit an owner’s liability. However, farm and ranch insurance is generally a mixture of homeowner’s insurance and business liability insurance, and so will generally cover the buildings and equipment found on a farm as well as a farmer’s house. Farm or business liability are generally excluded from a homeowner’s policy.

The discounts that trim the most from your home insurance cost generally relate to your home’s age, building materials, roof condition, its type of security system and your payment methods. These are the top discounts that save you money:

• New home construction
• Bundle home/Farm and auto
• Construction type (fire resistive, superior, masonry)
• Loyalty
• Sprinklers
• Roof upgrade
• Fire alarm (with central monitoring)
• Burglar alarm (with central monitoring)
  Paid in full

If you have a car, you probably have car insurance, right? You purchase car insurance to protect yourself financially in the event of an accident. This way, you don’t have to pay out of pocket for expensive repairs that result from unexpected incidents.

Having insurance for your tractor and farm equipment is important for the same reason. If you were to get into an accident, like a wreck or a fire, or if your tractor was stolen, having agricultural machinery insurance would help cover the expensive cost to repair or replace your equipment.

If you keep one horse at home and it never leaves your property for a trail ride, horse show or clinic, then you may be covered under your homeowner’s policy. However, it is important that you specifically ask your insurance agent if you are covered and if so, where that is stated within your policy. Coverage can be added to your policy if it is not stated or you may need to buy a Farm insurance policy.

Having insurance for your tractor and farm equipment is important for the same reason. If you were to get into an accident, like a wreck or a fire, or if your tractor was stolen, having agricultural machinery insurance would help cover the expensive cost to repair or replace your equipment.