AGRICULTURAL INVENTORY

Every year, you gamble on the weather. That should be enough risk. A recent National Equipment Register study reports more farmers and agribusinessmen suffer losses due to equipment and tool theft, outpacing losses due to tornadoes, floods, hail and fire. Without detailed proof of ownership, your insurance company is often forced to limit their loss replacement payment. Cover Your Assets agricultural inventory services help our clients recover more - often the full value of assets lost as a result of theft, disaster or vandalism.

Although insurances companies will work with you on your insurance claim, as the owner operator, you shoulder the responsibility of loss proof. Minimize your risk with an up-to-date and detailed inventory list so in the days following a disaster or theft, you are confident that all losses are reported, with the level of detail insurance companies need.

A complete inventory listing also helps your insurance company process your claim more efficiently, providing quick access to resources you need to resume operations. An accurate inventory list can also help reduce tax burden, prepare for operation expansion, and business ownership transitions.

Professional, Meticulous and Confidential

Cover Your Assets inventory specialists will document your property and equipment. We conduct a thorough inventory of your property, including outbuildings, organize and categorize your inventory documentation and then review your inventory portfolio and recommendations with you.

Your inventory portfolio includes:

• DVD audio/visual recording of the inventory assessment
• Digital photographs
• Binder with photographs, photo copies of receipts, invoices and purchase records, categorized inventory list and recommendations
• Secure Storage - DVDs and CDs are stored in two secure, offsite locations (safety deposit boxes). We also have an option available to securely store your inventory data online for accessibility anytime.

In the event of an emergency, a Cover Your Assets partner will immediately consult with your insurance agent, attorney and other professionals. With years of experience in the financial advising, insurance and agricultural industries, we understand the critical information these professionals need to efficiently process your claims so you can get back to the field.

Cover Your Assets is fully insured and bonded.

Minimal Disruption. Reasonable Fees.

One of the main reasons farmers and agribusiness owners do not already have their inventory documented is…time. Your time is focused in the fields and on your operations; risk management tasks often are on a “to do list” that never quite gets done.

Cover Your Assets can efficiently and quickly inventory your assets. We are available for weekend and evening video and portfolio review sessions, as required. The average inventory recording session takes about 2-4 hours, depending on the property and number of assets to inventory.

Agricultural inventories are estimated at $150 per 1,000 square feet. Asset complexity can lead to higher estimates.

Getting Started

Check inventorying your assets off your list. Call 515.778.5967 or request a quote online. We will return a quote to you within two days from the time we receive your request.