This is another subject likely to induce lots of yawning, but it is a smallholding essential to ensure that you are sufficiently protected for the future. Not that you want to think about all the nasty things that could happen, but although this industry is basically built on fear of what could go wrong, you can’t really put a price on the peace of mind associated with knowing that you are properly covered.
Alongside the usual buildings and contents insurance familiar with any home, we smallholders (or good-lifers to be) also need to think about myriad other worst case scenarios to boot. Alongside the usual land, machinery and livestock cover, here are a few policy areas that also need to be considered.
If you sometimes have friends, family, neighbours or even volunteers (such as WOOFers) helping out on your plot, then it is a good idea to ensure that you are sufficiently covered in case of third party injury on your smallholding. Even if you don’t have employees, this is an area of cover worth considering.
Public liability for your livestock
This isn’t necessarily something you would consider but if some, or even one, of your animals happens to escape and cause damage to a person or vehicle — which could easily happen if it were to run onto a road and cause a crash — then significant damages could be caused. Livestock do escape all the time. I am always herding up random cows or sheep from my neighbours and I have in the past had to coax some of our own pigs or chickens off the road and back onto our property.
With the increasingly wet winters and extremes of weather caused by climate change, this also might be option worth thinking about.