Supporting you and your business

Since 1905 FMG has been supporting farmers, and those who support them, by providing the correct insurance products for the unique risks they face.  We understand that in farming, one size does not fit all.  Your insurance requirements may not be the same as another property in the same region, or as your neighbours.  That's why our local rural managers look at every property with risk prevention and management in mind.

FMG's Pukekohe rural manager Natalie McMahon says, "There are key areas of cover the importance of which is often underestimated.  It's crucial that all farmers understand how insurance can support them should they suffer a loss."  What follows is a brief summary of cover you'll find essential in getting you back on your feet.

Forest and Rural Fires Act liability - Forest and Rural Fires Act liability cover is imperative for all farmers.  This cover is used should a fire, such as a burn-off fire, get out of control and spread to neighbouring properties - it covers fire fighting costs which are recoverable under the Act (even if you did not start the fire but are a neighbour, you may still be charged a proportion of the fire fighting costs).  A number of levels of cover are available; the amount you need depends on the potential costs involved to put out a fire near your property.  If it borders a forestry plantation or DOC land, you're likely to need more than just a standard level of cover. Also consider the distance between you and the closest fire station - a small fire can soon get out of control very quickly, especially in regions known for their unpredictable weather patterns. FMG's local Rural Managers can help you assess a level of cover to meet your needs.  FMG has recently enhanced its cover to meet the changing needs of members, raising the maximum limit to $4 million.

Disability and life insurance - we've seen a number of FMG members who suffered an accident and were unable to continue working for quite some time. Luckily they had the financial support they needed to hire staff and keep the operation running until they were back on their feet.  It's also important to formalise your contingency plan with family, friends and neighbours - in reality, a casual offer over dinner to help feed your stock may not eventuate should an accident occur.
We understand a very real concern for many lifestyle farmers is providing support for their family after they've passed away.  It's a difficult time and the last surprise your family needs is to find out the insurance that you thought was adequate doesn't actually provide the right level of support for them.  As New Zealand's leading rural insurer, we have comprehensive life insurance options available through a team of qualified life risk advisors who can provide knowledgeable and friendly advice.

Home and farm buildings - talk to your local FMG rural manager about the right level of insurance for your home including fittings and fixtures, building materials and landscaping.  While you're reviewing your home insurance, don't forget your farm buildings.  The value of your implement shed, stables etc may not be as high as your home, but the cost of rebuilding can really set you back.  Stock requiring shelter can be put under unnecessary prolonged stress until the shelter is completed.

For more proactive advice, talk to FMG about our specialist insurance options for lifestyle farmers - just call 0800 366 466 or visit www.fmg.co.nz