Protecting Your Livestock Market/Auction with National Livestock Insurance Agency
Livestock auctions are a crucial part of the agricultural industry, providing a marketplace for buyers and sellers. However, managing a livestock auction comes with risks, from accidents and injuries to transportation mishaps and unforeseen disasters. National Livestock Insurance Agency offers comprehensive insurance to protect your business, ensuring your livestock and financial interests remain secure.
Why Livestock Market/Auction Insurance is Essential
Whether you operate a small regional auction or a large livestock market, you take responsibility for the animals in your care, custody, and control. Without proper insurance, unexpected losses could lead to financial hardship. National Livestock Insurance Agency helps mitigate these risks by providing coverage for losses due to accidents, theft, and transit-related issues.
What Does Livestock Market/Auction Insurance Cover?
National Livestock Insurance Agency offers extensive coverage to protect auction operators and livestock owners against various risks.
Coverage for Livestock on the Market Premises
Animals held at a livestock auction are vulnerable to several risks, including:
- Death due to injuries while crowding or transport mishaps
- Theft while in holding pens
With insurance, you can receive financial protection in case of loss or injury while the livestock are in your care.
Coverage During Transportation
Livestock often travel long distances to and from auctions. While in transit, animals face risks such as:
- Accidents involving transport vehicles
- Stress-related death due to injuries
- Theft or escape during unloading or loading
National Livestock Insurance ensures that your financial interests are protected if any covered incidents occur while the animals are in transit.
Straying and Escape Protection
Animals can sometimes escape due to unforeseen events such as:
- Lightning strikes damaging enclosures
- Vehicle crashes affecting holding areas
- Electrocution from power line incidents
- Government-mandated shooting to protect public safety
National Livestock Insurance Agency offers optional coverage to protect against financial loss caused by straying or escape-related incidents.
Extension of Coverage Time
Sometimes, livestock are not sold immediately and may remain on the premises longer than expected. Optional coverage extensions ensure continued protection beyond the standard policy period.
Common Exclusions in Livestock Market/Auction Insurance
While National Livestock Insurance Agency offers broad coverage, it’s important to understand common exclusions:
- Pre-existing health conditions – Livestock that arrives sick or injured may not be covered.
- Negligence or improper care – If animals are not properly housed, fed, or handled, claims may be denied.
- Intentional harm or fraudulent claims – Any losses due to intentional harm or fraudulent activities will not be covered.
Choosing the Right Livestock Market/Auction Insurance Policy
To ensure your auction is fully protected, consider these steps:
- Assess Your Coverage Needs - Evaluate the number of livestock you handle, transportation risks, and potential exposure to theft or natural disasters. Decide whether additional options like straying coverage or extended time coverage are necessary. Visiting with your National Livestock Insurance agent can help answer any questions you may have.
- Request a Quote - National Livestock Insurance Agency provides customized insurance quotes based on your specific auction needs. Their experienced team will help you find the right policy at a competitive rate.
- Understand Your Policy - Carefully review your coverage details, including exclusions, claim procedures, and optional extensions. If anything is unclear, ask questions before finalizing your policy.
- Keep Accurate Records - Maintain thorough documentation of livestock arrivals, sales, health inspections, and transportation details. Good record-keeping simplifies the claims process in case of a loss.
What to Do If You Need to File a Claim
National Livestock Insurance Agency, backed by The Hartford—an A+-rated company by Best’s—provides secure and reliable coverage. If you experience a livestock loss, follow these steps for a smooth claims process:
- Report the Loss Immediately - Contact The Harford as soon as possible to start the claims process.
- Provide Documentation - You may need to provide vet reports, photos, or other proof of the animal’s condition before it passed.
- Work with an Adjuster - An insurance adjuster may assess the situation to determine the payout.
- Receive Compensation - Once approved, you’ll receive payment to help recover your financial loss.
Conducting a Sale Without Worry
Running a livestock auction involves many responsibilities, but financial losses don’t have to be one of them. With livestock auction insurance from National Livestock Insurance Agency, you can focus on conducting successful sales without worrying about unexpected setbacks.
Protect your auction business and the livestock in your care—contact National Livestock Insurance Agency today to find the best coverage for your needs!
