Wool clip in store and transit
Bales held on farm after shearing and while travelling to a broker or wool store.
Sheep And Wool Grower Insurance
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Sheep And Wool Grower Insurance
Cover for wool growers, the clip, shearing sheds and the flock.
On a wool enterprise the clip is a separate asset to the flock. Between shearing and the auction floor, bales sit in an old timber shed and then travel to a broker store, and both legs are commonly left off the schedule. Shearing sheds are also among the highest fire risk buildings on any Australian farm.
What is it?
Wool enterprises run Merino, dual purpose and prime lamb flocks across the Riverina, Monaro, New England, Victoria's Western District, the South Australian Mid North and the WA Great Southern. The operation turns on the shearing shed and its plant, holding yards, boundary and exclusion fencing, feeders, and the movement of stock and bales to brokers, saleyards and processors.
What does sheep and wool grower insurance cover?
Shearing shed and plant
Shed, stands, presses, wool tables and yards against fire and other defined events.
Flock and liability
Sheep against defined events plus liability arising from contractors and stock movement.
What affects the cost?
- Flock size and micron mix
- Clip value and time held on farm
- Shearing shed age and construction
- Fire exposure and on-farm water supply
- Contract shearing arrangements
Worth raising on the call
- Bales are usually only covered in transit if that leg is specifically declared.
- Old timber shearing sheds with worn wiring are a recognised fire risk and can affect terms.
- Contract shearing teams raise both liability and workers compensation questions worth settling before the season.
Claims we are commonly asked about
Shed fire during shearing
A fault in old shed wiring starts a fire overnight mid-shearing and takes the shed, the plant and the pressed bales stacked on the board. The clip and the building are separate items, and bales are frequently insured for less than the season's actual value.
Truck of bales rolls on a wet road
A load of wool heading to a broker store rolls on a wet corner and the bales are contaminated by water and mud. The carrier's trading conditions commonly limit their liability, so the grower's own transit arrangement is what is left to respond.
Lightning strike kills a mob
Lightning hits a tree on a ridge and kills a mob of ewes sheltering underneath during a storm. Livestock deaths from defined events such as lightning are usually an optional section rather than an automatic inclusion in a farm program.
Worth confirming in the wording
- Worth confirming whether the clip is insured at current auction value or at a fixed figure set at renewal, and whether the sum insured reflects the peak holding period straight after shearing.
- Worth confirming whether both the transit leg to a broker store and the period the bales are held at that store are declared, since storage away from the farm is often a separate item.
- Worth confirming whether contract shearing teams are treated as your workers for liability purposes or are expected to carry their own cover and workers compensation.
Common questions
Is my wool clip covered while it is sitting at the wool store?
Not automatically. Cover for bales held off the property is commonly a separate declaration to cover for bales on farm, and the broker's own arrangements may not extend to your interest. It is worth confirming who carries the risk from the loading ramp through to the auction floor, subject to the policy terms.
Does farm insurance cover sheep deaths?
Livestock cover generally responds to death from defined events such as fire, lightning, storm, flood or accident, rather than to deaths from disease, misadventure or predation. What is included, and whether animals destroyed on humane grounds are picked up, varies between wordings and should be checked against the PDS.
Do I need insurance for contract shearers?
Contract teams generally carry their own workers compensation and liability, but that should be verified with current certificates rather than assumed, because an uninsured contractor can end up being treated as your worker. Your own liability section also needs to contemplate people working in the shed, so both sides are worth settling before the season.
What does sheep and wool grower insurance cost?
It depends on the enterprise and cannot be quoted sight unseen. The main drivers are flock size and micron mix, the clip value and how long it is held on farm, shearing shed age and construction, fire exposure and on-farm water supply, and how contract shearing is arranged.
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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