The risks related to the farm rest on the shoulders of the agricultural entrepreneur. It is important to think about possible accidents and losses and their consequences for the farm's production and economy. Also, what damage would be considered minimal enough that you could deal with it on your own?
One thing that is often forgotten, but is definitely the most important, is the farmer him- or herself. The farmer shall take care of his or her own wellbeing, recreation and health. On your farm, have you insured that which is the most valuable?