Protect Your Equine Business with Comprehensive Insurance

Protecting your equine business with comprehensive insurance is a crucial step in safeguarding your investment and ensuring its long-term success.

Accidents can happen at any time, and having the right insurance coverage can help you recover from unexpected events, such as horse injuries or equipment damage.

Liability insurance can help protect your business from lawsuits resulting from accidents or injuries on your property.

As an equine business owner, you're likely no stranger to the risks involved in caring for horses, but having the right insurance coverage can give you peace of mind and financial security.

With so many risks involved in running an equine business, it's essential to have the right coverage in place. A+ rated insurance companies offer full occurrence liability basis, providing up to $10 million liability limits.

You can choose from various coverage options, including Participant Coverage, Products/Completed Operations coverage, and Personal Injury & Advertising Liability. These options can be tailored to fit your specific stable operations and budget.

Here are some key coverage highlights:

By understanding your coverage options, you can ensure that your equine business is protected from potential risks and liabilities.

The liability limits for occurrence coverage range from $100,000 to $1,000,000, providing a solid foundation for protecting your stable operations.

General aggregate liability limits range from $200,000 to $2,000,000, covering a wide range of potential claims.

Aggregate products/operations liability limits also range from $200,000 to $2,000,000, ensuring you're protected in case of accidents or damages related to your products or services.

Personal injury and advertising injury liability limits range from $100,000 to $1,000,000, safeguarding you against claims related to advertising or personal injury.

Medical payments are included with a limit of $5,000, providing immediate financial support in case of medical emergencies.

Fire legal liability is covered with a limit of $100,000, protecting you against claims related to fire damage or liability.

Here's a summary of the liability limits for each coverage type:

Mortality/Major Medical insurance is a vital coverage for horse owners, protecting against the loss of a horse due to accident, injury, illness, or disease. This policy also covers theft of the horse.

It's a unique policy in the industry because the basic form includes coverage for theft and colic surgery at no additional cost.

The policy includes humane destruction made necessary by an illness or accidental injury.

As an equine business owner, it's essential to have the right insurance policies in place to protect your operation. Care, Custody, and Control is a crucial policy to consider, ensuring you have the necessary coverage for the care and well-being of your horses.

You can choose from a variety of commercial equine liability policies to safeguard your business against potential lawsuits. These policies can provide financial protection in case of accidents or injuries involving your horses or clients.

Equine Assisted Learning and Equine Assisted Therapy Programs require specialized insurance coverage to ensure you're protected in case of accidents or injuries. This type of coverage can provide peace of mind for both you and your clients.

If you're involved in horse racing, horse shows, or rodeos, you'll want to consider Horse Racing Tracks, Horse Show, Rodeo & Special Event Insurance to protect your business against potential risks.

Here are some key insurance policies to consider for your equine business:

Care, Custody & Control Exclusion is a crucial aspect of equine business insurance that can have significant implications for your business. This exclusion typically means that the insurance policy will not cover losses or damages resulting from the care, custody, or control of your horses.

Policyholders often assume that their insurance will cover all aspects of their business, but this exclusion can leave them vulnerable to financial losses.

The care, custody, and control exclusion is usually applied in situations where the policyholder is deemed to have been negligent or reckless in their care of the horses. This can include failing to provide adequate food, water, or veterinary care, or allowing the horses to escape or become injured due to poor fencing or enclosures.

For example, if a horse escapes from a pasture due to a faulty fence and is injured while roaming free, the insurance policy may not cover the resulting damages or veterinary costs if the policyholder is found to have been at fault.

Policyholders should carefully review their insurance policies to understand what is and isn't covered, and take steps to mitigate potential risks and avoid claims that may be denied due to the care, custody, and control exclusion.

As an equine business owner, it's essential to consider the operational aspects of your business to ensure you're properly protected. Horse show liability coverage can be a game-changer, providing protection against claims arising from an individual being injured or event property being damaged.

Running a horse show or exhibition can be a complex operation, and accidents can happen. Horse show liability coverage protects against claims arising from an individual being injured or event property being damaged.

To minimize risks, it's crucial to have the right insurance coverage in place. This includes horse show liability, which can help you recover from unexpected events.

Commercial Equine Liability Insurance is a must for professionals and facilities in the horse industry, including trainers, instructors, breeders, boarding farms, and riding schools. It covers most types of liability claims, including negligence.

This type of insurance provides defense costs and pays claims up to $1,000,000. It's designed specifically for horse-related businesses, such as boarding, breeding, racing, training, riding instruction, horse sales, horse shows, clinics, and personal/pleasure horses.

If you board, breed, race, train, give riding instruction, or conduct any kind of business-related equine activity, you need a Commercial Equine Liability Insurance policy. This policy pays damages for liability imposed upon you or your business by the law and also pays the cost of defending you when a claim is made against your policy.

Some examples of businesses that need Commercial Equine Liability Insurance include:

You can also get a Farm Property and Liability policy, which can be used on both personal and commercial farms. It provides coverage for your home, personal property, equipment, barn structures, and equine liability limits up to $1,000,000 all in one package policy.

A farrier is a specialist in equine hoof care, including the trimming and balancing of horses' hooves and the placing of shoes on their hooves, if necessary.

Farriers combine some blacksmith's skills with some veterinarian's skills to care for horses' feet.

The AFIG Farrier Insurance Program and Farrier Liability Insurance program is designed to respond to the specific needs of a professional farrier.

As technology and information increase, so do legal cases and lawsuits against farriers, often due to issues like laminitis, lameness, improper hoof angles, and/or using pads improperly.

Commercial equine liability coverage is very important if you perform any commercial equestrian activities. This can include boarding horses, riding instruction, horse training, breeding, and horse sales.

If you offer riding instruction, you'll want to consider liability coverage to protect yourself in case a student is injured. This type of coverage can also include property damage to the student's horse.

Horse shows and equestrian events require a commercial general liability policy to protect against legal pursuits by third parties for bodily injury or property damage. This coverage is provided for the days the activity takes place, and can also include coverage for a certain number of days for set-up and take-down.

Breeding, horse sales, and livestock shows also require specialized insurance coverage. AFIG provides insurance solutions for the unique needs of the rodeo, equine, and livestock industries.

Your horse needs to be protected, and so do you. An equine liability policy covers defense fees and pays claims for which you are legally liable up to the policy limits.

Equine liability insurance is a must-have for any horse owner. It can help prevent financial losses due to accidents or injuries.

Your business can be secured with customized equine liability insurance. Let a professional like Marshall+Sterling help you find a policy that matches your needs.

Don't wait until it's too late - reach out to Marshall+Sterling today to learn more about equine liability insurance.