Farm insurance & Diversification

The countryside is full of businesses that did not exist a generation ago, but have formed through necessity, or as a result of commercial innovation. For example, many traditional farms are now fertile ground for ground-breaking food and farming practices. Rural tourism is supported by increasingly high-quality holiday and leisure enterprises, from caravan parks to stately home wedding venues. More generally, the countryside today provides increasing competition to urban areas as a place to start-up and build a company, thanks to comparably lower overheads and better connectivity.

Many of our clients have diversified their core businesses as a way of maintaining a rural livelihood. As such this brings the need to understand liabilities and responsibilities as they enter new markets.

Whether that’s renting out land and property to other businesses or running holiday homes, short-lets and leisure activities as an additional source of revenue. Lycetts helps business owners and managers to protect their assets and limit their exposure to risk.