InFocus

Pro­mot­ing busi­ness

Country Smallholding - - Inside This Month - MORE: Visit www.fand­m­group.co.uk for more de­tails, or call the small­hold­ing team on 01604 782782.

It is with great ex­cite­ment and an­tic­i­pa­tion that many embark on a new life­style as the proud owner of a small­hold­ing, but both new­com­ers and more ex­pe­ri­enced con­verts are be­ing urged to make sure suit­able in­sur­ance cover is in place, or face be­ing left ex­posed to se­ri­ous risk in the event of a peril oc­cur­ring.

Whilst for many, a new small­hold­ing will rep­re­sent a life­style choice, maybe as a hobby farm, for keep­ing rare breeds or as graz­ing for horses or sheep, it does not negate the in­sur­ance im­pli­ca­tions, sim­ply be­cause it is on a smaller scale than other farm units.

If, for ex­am­ple you graze a flock of sheep, it does not mat­ter the size of flock, if one es­capes and ends up caus­ing a road traf­fic in­ci­dent, the li­a­bil­ity will be the same. With re­cent changes to per­sonal in­jury law, claims costs have in­creased sig­nif­i­cantly in value and could dev­as­tate a small­hold­ing with­out ad­e­quate cover.

Emma Barnes, (small­holder di­vi­sion) of agri­cul­tural in­sur­ance bro­kers Farm­ers & Mer­can­tile (F&M) said: “Break­ing this down to the sim­plest level, you may have an out­build­ing or shed in the gar­den in which you de­cide to house a goat, at which point the struc­ture be­comes an agri­cul­tural build­ing and should be cov­ered ac­cord­ingly.”

Sim­i­lar ap­plies to use of ma­chin­ery, value of farm build­ings, value of live­stock and crops. Hav­ing suit­able and re­al­is­tic sums in­sured to cover for dam­age or losses could be crit­i­cal to the vi­a­bil­ity of the small­hold­ing project.

Al­though it can sound all very daunt­ing, par­tic­u­larly if the small­hold­ing is ei­ther a hobby or sec­ondary in­come, there are easy, cost-ef­fec­tive pack­ages avail­able to suit spe­cific small­hold­ing re­quire­ments.

Farm­ers & Mer­can­tile pro­vide small­hold­ers quo­ta­tions specif­i­cally de­signed around in­di­vid­ual re­quire­ments, at a com­pet­i­tive price. Cover for this sec­tor has been dif­fi­cult, but this pack­age fills a void and has been wel­comed by the mar­ket.

This pack­age fills a void and has been wel­comed by the mar­ket.

A com­mon coun­try sight... but they could cause a traf­fic ac­ci­dent

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