Livestock Insurance: Trusted Coverage for Your Precious Livestock
Whether you raise cattle, breed horses, or manage a mixed operation, unexpected losses can have serious financial consequences. At Oegema, Nicholson & Associates Ottawa, we help Canadian farmers safeguard their livestock with tailored insurance solutions that offer real protection on the farm, in transit, and beyond.
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What Does Livestock Insurance Cover?
Livestock insurance is coverage found under broader farm insurance policies. Livestock insurance covers losses to domesticated species and farm animals, such as horse, sheep, pigs, and cattle. It can also be extended to include exotic and aquatic animals.
Standard coverage protects farm owners from loss of livestock in the following circumstances:
- Accidental death or injury: If an animal dies from a barn fire or a truck accident during transport.
- Theft: Covers financial loss if livestock is stolen.
- Natural disasters: Includes perils like lightning strikes, flooding, fire, or hail.
- Vehicle collisions: Covers animals hit by vehicles on the farm or during transit.
- Accidental shootings: Some policies may include this rare but possible scenario.
Typically, livestock coverage applies when livestock dies. Each policy is different. Sometimes additional premiums are required if you want coverage due to disease or old age. There are limitations that apply to livestock coverage, so always read your policy closely.
Individual Animal vs. Herd Coverage: What’s Best For You?
Under this type of coverage, livestock may be scheduled individually or as a herd. Individual coverage can be applied to each animal, especially if they can be recognized distinctly from a herd such as through an ear tag.
Livestock owners would want to consider individual animal protection for those animals that are valuable, such as breeding stock, show horses, prize bulls, or if your farm has a lower volume of animals but higher per-animal investment.
While individual protection is more work and a higher premium it is usually worth the effort.
For general herd operations, livestock owners can opt in for herd or blanket coverage, which is easier to manage and more cost effective for higher volume.
Do Farmers Need Liability Insurance for Livestock?
Canadian farms are required to have liability insurance, especially if there is livestock. This important coverage protects you or anyone else on your property is injured.
Animals are unpredictable, and accidents can happen, even with the best safety practices in place. Farm owners can be held legally and financially responsible for damages caused by your animals.
Livestock liability insurance covers:
- Injury to visitors and workers on your property
- Damage to neighbouring properties
- Legal defence cost if you’re sued for a livestock-related incident
- Medical bills and settlements related to injury caused by your animals
Livestock Price Protection for Producers
Livestock price protection is available for Canadian producers. Also known as market value insurance or risk protection insurance, this safeguard protects your operation against revenue losses due to falling livestock prices.
For livestock producers who operate feedlots or commercial farms, livestock price protections kick in if there is a sudden drop in market prices below a pre-agreed threshold, and it allows you to recover some of the lost income due to market volatility. This is particularly useful for producers of cattle, swine, and lambs.
How Much Does Livestock Insurance Cost?
We understand that you already have a lot of expenses to juggle operating a farm. We are dedicated to creating affordable insurance premiums, so that your insurance is not more expensive than replacing animals out of pocket. We work with you to find the most cost-effective coverage for your operations.
When considering livestock insurance costs, we look at:
- The number of animals insured
- Species and breeds
- Individual vs herd coverage
- Market value of each animal
- Coverage types
- Farm location
- And how the animals are transported and housed.
Trust Oegema, Nicholson & Associates for Reliable Livestock Insurance
Since 1961, Oegema, Nicholson & Associates has been helping Canadian farmers protect what matters most. We are an independent insurance brokerage that works for you, giving you honest advice and competitive policies.
For decades, Canadians have trusted Oegema, Nicholson & Associates for honest insurance policies. You can rely on our expertise to protect your livestock, so you can continue to focus on other areas of your business.
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Oegema, Nicholson & Associates Insurance
“One call to Oegema, Nicholson & Associates is all it took. After our basement flooded, within a day or two they had a crew cleaning everything up, taking down the drywall and itemizing everything to be cleaned, thrown out or restored. They had everything in place for us in a timely manner and were extremely patient with me as they talked me through the process and waited for me to make decisions.”
Jennifer Parks, Stittsville, Ontario
“I’ve been dealing with ONA for over 20 years with my personal insurance, as well as our commercial insurance, and I know I can rely on them for great customer service, and prompt responses. I feel confident not only referring them to my employees, but to our customers as well.”
Charlene Brunet, Butler Group of Company
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