Last Updated: May 31, 2024, 6:34 am by TRUiC Team

Pumpkin Farm Business Insurance

Getting insurance for your pumpkin farm business is essential.

Pumpkin farm businesses need to be protected against things like claims of product liability, breaches of contracts, and employment disputes.

For example, a customer falls ill after consuming one of your farm’s pumpkins, or a guest at your farm gets injured while picking pumpkins.

We’ll help you find the most personalized and affordable coverage for your unique business. 

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Recommended: Next Insurance is dedicated to matching small businesses with the right policy at the best price.

Best Insurance for a Pumpkin Farm Business

General liability insurance is — generally speaking — one of the most important insurance policies for pumpkin farm businesses. 

Some of the risks general liability insurance covers are:

  • Bodily injury
  • Property damage
  • Medical payments
  • Legal defense and judgment
  • Personal and advertising injury

General liability is an excellent policy. However, by itself, it is likely to be insufficient in fully protecting your pumpkin farm business. For this, some of the following policies will be needed:

  • Commercial auto insurance: Protects your business from the financial impacts of any accidents involving one of its commercial vehicles.
  • Workers’ compensation insurance: Provides financial assistance to your employees if they are involved in a workplace accident.
  • Commercial property insurance: Bears the cost of replacing any physical assets belonging to your business that have been damaged by certain risks (e.g., thefts, fires, natural disasters).

It is important to carefully decide which type of insurance provider to purchase your coverage from. There are two main groups:

  • Brick-and-mortar insurers — These providers, which include firms like Nationwide and Hiscox, are typically older firms that traditionally rent out storefronts and hire insurance agents. Due to these extra costs, their policies are often more expensive.
  • Online insurers — By contrast, firms like Tivly and Next opt out of these expenses in favor of basing themselves online and utilizing AI instead of insurance agents to offer accurate quotes. This enables them to offer far lower prices.

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Cost of General Liability Insurance

The average pumpkin farm in America spends between $300-$800 per year for $1 million in general liability coverage.

Compare the average cost of general liability insurance for a pumpkin farm business to other professional industries using the graph below.

Several factors will determine the price of your policy. These include your:

  • Location
  • Deductible
  • Number of employees
  • Per-occurrence limit
  • General aggregate limit

You may be able to acquire general liability insurance at a discounted rate by purchasing it as part of a business owner’s policy (BOP) rather than as a standalone policy.

A BOP is a more comprehensive solution that includes multiple forms of coverage, such as business interruption and property insurance.

Graph showing average price of general liability insurance prices per industry

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Find the Best Rate

Discover the best coverage at the lowest rate in our cheapest business insurance review.

Common Situations That General Liability Insurance May Cover for a Pumpkin Farm Business

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Example 1: In addition to pumpkin picking, your farm features a corn maze each fall. One of your visitors become lost in the maze and tries to escape through the cornfield, only to fall into a hole and break their leg. General liability insurance will likely cover the costs of their medical bills and any other damages in a lawsuit.

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Example 2: A young child is running through the pumpkin patch and trips over a large vine that hasn’t been cleared from the pathway. They fall and sustain a serious head injury, leading to a lawsuit where you are found liable. General liability insurance will likely cover any damages in the event that you are sued by their family.

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Example 3: Your pumpkin farm also sells smaller gourds for cooking during the fall harvest. Customers complain of flu-like symptoms after eating your gourds and it is later determined that the crops tested positive for E. coli. General liability coverage will likely pay for any damages in a resulting lawsuit.

Other Types of Coverage Pumpkin Farm Businesses Need

While general liability is the most important type of insurance to have, there are several other forms of coverage you should be aware of. Below are some of the most common types of coverage:

Commercial Auto Insurance

Any vehicles that are used for business-related purposes on your pumpkin farm must be covered under a commercial auto insurance policy. Personal car insurance will not protect your drivers, your company cars, or a third-party in the event of an accident.

Workers’ Compensation Insurance

If your business employs any part-time or full-time employees, you may be required to carry workers’ compensation coverage by state law. This important insurance policy works to help pay for medical bills in the event that an employee is injured on the job.

Commercial Property Insurance

Operating a pumpkin farm requires expensive equipment and buildings to store your equipment when it’s not in use. Commercial property insurance helps to protect your business-related buildings and the items inside in the event of a natural disaster, fire, or burglary.

Commercial Umbrella Liability Insurance

If your business is sued, there is a chance that the damages associated with the lawsuit my exhaust the coverage provided by your primary insurance policies. In these cases, commercial umbrella liability insurance works to go above and beyond those limits to protect your business and keep it running.

Additional Steps To Protect Your Business

Although it’s easy (and essential) to invest in business insurance, it shouldn’t be your only defense.

Here are several things you can do to better protect your pumpkin farm business:

  • Use legally robust contracts and other business documents. (We offer free templates for some of the most common legal forms.)
  • Set up an LLC or corporation to protect your personal assets. (Visit our step-by-step guides to learn how to form an LLC or corporation in your state.)
  • Stay up to date with business licensing.
  • Maintain your corporate veil.

Pumpkin Farm Business Insurance FAQ

Yes, absolutely. You will need to first get a quote from an online business insurance provider like Next Insurance. Next allows you to then purchase a policy immediately and your coverage will be active within 48 hours.

A typical business owner’s policy includes general liability, business interruption, and commercial property insurance. However, BOPs are often customizable, so your agent may recommend adding professional liability, commercial auto, or other types of coverage to your package depending on your company’s needs.

"Business insurance" is a generic term used to describe many different types of coverage a business may need. General liability insurance, on the other hand, is a specific type of coverage that business owners need to protect their assets.

On balance, it is extremely advantageous for your pumpkin farm business to acquire business insurance before it starts its operations. This will protect it from being financially impacted by any and every risk it faces on a daily basis.

Furthermore, since your business is likely required by law to carry policies such as commercial auto and workers’ compensation insurance, obtaining protection keeps your business running legally.

Not necessarily. Certain exceptions may be written directly into your pumpkin farm business insurance policy, and some perils may be entirely uninsurable.

Yes, an LLC is meant to create a legal barrier between your business and your personal assets and credit. If you haven’t formed an LLC yet, use our Form an LLC guide to get started.

An LLC doesn’t protect your business assets from lawsuits and liability– that’s where business insurance comes in. Business insurance helps protect your business from liability and risk.