Livestock Insurance is a type of insurance designed to protect farmers and ranchers from financial losses due to the death, injury, or theft of their animals. This insurance can cover various types of livestock, including cattle, sheep, goats, and pigs. Policies may vary, offering coverage for specific risks such as disease outbreaks, accidents, or natural disasters. Farmers can choose between different coverage options, including full replacement value or actual cash value. By having Livestock Insurance, producers can safeguard their investments and ensure their operations remain financially stable, even in the face of unexpected events.