Hemp Grower’s Insurance—Tailored Coverage for a Growing Industry
The landscape of the farming industry tends to change slowly, but when it does, it happens in a big way. That is what hemp production is positioned to do if government regulations change. The cash crop promises higher profits than other crops like corn, soybeans, or tobacco. The uses for hemp are numerous. For example, the seeds are used in dietary products. The bast, or fiber, hidden within the stalk is utilized in clothing, construction materials, and even paper. Finally, the shiv, or hurd, found in the inner core of the stem has been used to create a hemp concrete, called hempcrete. While the industry is gaining its foothold, hemp growers need insurance to help them stay protected.
Protect your hemp growing operation when you talk with a knowledgeable broker from the Business Insurance Center. Our team understands the yet undecided and unique status of a new crop. We can sit down and discuss your options, then tailor a coverage plan with reasonable rates.
Protection for Hemp Grower’s Begins Here
Since the 2018 Farm Bill was signed into law, farmers across the country are poised to take advantage of a versatile plant that can boost a family’s income while aiding the industry:
- Crop Protection: Though hemp requires less water and is more frost resistant than many other crops, it can still be damaged by extreme weather. A tornado or hailstorm can devastate your bumper crop and ruin your growing season. Additional natural events you may encounter include disease, drought, fire, flooding, and insect damage.
- Equipment: Like other farming operations, it helps to have the right equipment to bring in the harvest and conduct the required processing. If machines fail because of vandalism or theft, you need coverage that will help you get back on your feet.
- Revenue/Sales: Even though the hemp industry is growing, it may help to have a policy for those times when yields are low, or prices fall dramatically.
- Health, Life, and Disability: If your operation is family-owned, it is imperative to have coverage for those unexpected bouts of illness or even death. The business can keep growing until you recover. In the event of a death, your family will have time to grieve instead of rushing into making poor choices due to dire financial need.
Embark on a New Cash Crop with the Assistance of an Experienced Brokerage
Cash in on the new bumper crop that hemp promises to be, with the reassurance that you are covered with a policy based on your unique needs. The experienced brokers at the Business Insurance Center will sit down and ask the right questions to ascertain your requirements. Then they will deliver a plan that covers your needs at reasonable rates.
Request a quote for hemp growers insurance or call (888)-585-0511 and speak with a knowledgeable and experienced broker at the Business Insurance Center. We have a 24/7 call center to serve you and an online Live Chat operator. We serve the entire United States.