Accounts receivable is an option available on this form. Some exclusions are added to the property coverage. Criminal losses caused by the insured or others working with or for the insured are not covered. Should the insured voluntarily part with the title to something due to a fraudulent scheme, there is no coverage. Business interruption, earnings and extra expense are included.
Spoilage is covered if caused by breakdown, contamination or power disruption.
The liability coverage provided by the home-based business coverage part is very similar to a commercial general liability contract. Coverage is provided not only for employees but also for volunteer workers. Many home-based businesses will have help from volunteers. That the volunteers are automatically covered is a big plus. Summary A farmowners policy is similar to a combination of a homeowners contract and a business contract.