Property and machinery sections
Buildings, contents, fencing, silos and farm plant, each carrying scheduled sums insured.
Farm Package Insurance
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Farm Package Insurance
A single multi-section policy across the whole farm.
Most Australian farms are insured through a package rather than a stack of separate policies. Sections are selected and rated individually, so two neighbours can hold the same product with very different cover behind it. The value of a package is one renewal date and one claims contact; the risk is assuming a section is in there when it was never actually selected.
What is it?
A farm package typically offers sections for farm property and buildings, farm machinery, livestock, crop, general property, domestic contents, broadform liability, personal accident, motor and, in some states, workers compensation. Rural insurers structure these differently, and each section carries its own limits, excesses and conditions. Nothing applies automatically: a section only responds if it was taken and the item scheduled.
What does farm package insurance cover?
Livestock and crop sections
Stock and crops against defined events, selected according to the enterprises being run.
Liability and personal accident
Broadform liability for the farming operation plus personal accident cover for the operator.
What affects the cost?
- Sections selected and limits chosen
- Enterprise type and scale
- Total declared asset values
- Excess levels across sections
- Claims history
Worth raising on the call
- A renewal that simply indexes last year's figures drifts further from real replacement cost every season.
- Sub-limits inside a section, particularly for fencing and hay, are where most claim-time surprises appear.
- Adding an enterprise such as agistment, agritourism or contracting usually means the package needs re-rating.
Claims we are commonly asked about
Fencing limit cut two renewals ago
A storm damages fencing and water infrastructure, and it emerges that the fencing item was reduced to hold the premium down two renewals earlier. Package sections are individually selected and limited, so what is payable is decided by the schedule rather than by the product name on the front page.
One fire triggers three sections
A fire takes a shed, the machinery inside it and the fencing around it, producing claims under three different sections. How excesses apply across multiple sections in a single event is usually the first thing that has to be established.
Undeclared contract spraying claim
A farm starts contract spraying for neighbours and a chemical drift claim later arrives from a third party. Liability generally responds to the operation declared to the insurer, so an activity that was never declared is where disputes typically begin.
Worth confirming in the wording
- Worth confirming exactly which sections were selected and which were declined, since the name of a package does not imply a section is actually in force.
- Worth confirming the sub-limits inside each section, particularly for fencing, fodder, water infrastructure and general property, as these are where claim-time surprises usually appear.
- Worth confirming how excesses stack when a single event triggers several sections at once, since that can change the net outcome substantially.
Common questions
Is a farm package better than separate policies?
A package usually gives one renewal date, one claims contact and consistent terms across the whole operation, which is why most Australian farms use one. Separate specialist policies can suit unusual exposures such as high-value equine stock, aquaculture or a large contracting arm. The right structure depends on which enterprises are actually being run.
Does a farm package include workers compensation?
In some states it can be arranged alongside the package, while in the central-scheme states such as Queensland, New South Wales, Victoria and South Australia it is held with the state scheme rather than inside the package. Availability depends on where you operate. It is worth confirming what is inside the package and what sits outside it.
What does a farm package cost?
It depends on which sections are selected and their limits, enterprise type and scale, total declared asset values, excess levels and claims history. Because sums insured drive most of the premium, the biggest lever is usually the accuracy of the schedule rather than shopping on price alone.
What happens if I add a new enterprise mid-year?
Tell your broker at the time rather than waiting for renewal. Adding agistment, agritourism, contracting, a feedlot or on-farm processing changes both the liability and the property rating, and undeclared activities are a common reason a claim becomes complicated. Most changes can be endorsed onto the policy during the year.
General information only. Cover, limits and exclusions depend on the PDS, TMD, eligibility, underwriting and the policy terms. See farm insurance for the wider picture.
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