Posted on: June 8, 2022 Posted by: admin Comments: 0

You can own a horse-related business, such as training, boarding, lessons or performance.

Farriers need to have commercial equine insurance as part of their risk management plan. It is also known as general liability or just responsibility. This insurance protects you and your business from personal injury, bodily injury or property damage by yourself, your horse, or your premises. A commercial insurance company familiar with the horse industry will provide you with liability insurance to protect you in the event of a loss.

Why should I have commercial equine liability insurance?

Horses can be dangerous because they are large and powerful animals. You have many risk management options that can help you reduce your losses. Preventing losses is possible by having the right rules and waivers and looking at your state’s Equine Liability Statute. Accidents do happen. Even if you’re not found negligent and are not liable for the loss, it is still necessary to pay the defence costs to have an attorney present your case. General liability (or commercial equine risk insurance) will pay for defence costs when possible covered allegations are made.

Do you need insurance to cover horses you don’t own?

You should have coverage for care, custody and control if you work with horses that you don’t own.

Care, custody, and Control insurance covers individuals who board, train or breed horses that they don’t own. These horses are your responsibility. You must provide safe conditions, a stable environment, a feeding practice, and a riding facility. This coverage will cover you for the legal amount that you are legally required to pay others in the event of the death, injury or theft of non-owned horses under your custody, control, or care.

The horse’s value is the basis of coverage for care, custody, or control (CCC). It is good for you to keep a value statement with your boarding or training contract to ensure you have enough coverage to cover the horses on your board.

Many facilities offer tack storage at their borders. CCC policies can often include some non-owned tack coverage.

Should borderers have to purchase their insurance?

Boarders should have their horses insured for all medical and surgical emergencies.

What do you think about waivers and boarding contracts?

It is a good business practice to have legal documents, such as a waiver and boarding contract. Because of the different nature of equine operations and the impact on the judicial climate, equine state statutes, and the judicial environment, it is good to seek legal counsel to review and develop your business exposures.

If you are considering starting a horse-related business, make sure to…

There are many types of horse operations. Each one is as individual as the different breeds and disciplines. A licensed agent can help you find the right insurance coverage for your horse operation. You can also get additional insurance to protect your business.

  • Your facility and appropriate property limits
  • How to manage horse leases and haul ins
  • You or your facility can host shows and other events
  • how to cover additional insureds and outside trainers/instructors/clinicians

*Please note that the information provided is for informational purposes only. Markel Specialty insurance, which Markel Corporation is affiliated with, has more than 50 years of experience in the insurance of horses and their businesses. We believe in options and strive to stand out by offering knowledge, continuity, quality and other value-based considerations. We can stay close to our customers and meet specialized commercial and personal insurance needs through the Markel Style. This is in addition to long-term relationships with horse industry professionals and their commitments. Our network includes 30 horse insurance agents with extensive experience with specific breeds or disciplines. A Markel Specialty team supports them solely focused on horse-farm.

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