Equine Event Insurance Solutions for Private Owners and Associations

Equine events can be a thrilling experience for both participants and spectators, but they also come with risks. A single accident can result in significant financial losses for private owners and associations.

Having the right insurance coverage can mitigate these risks and provide peace of mind. For instance, a policy can help cover costs associated with property damage or liability.

Private owners and associations can benefit from equine event insurance solutions that cater to their specific needs. These solutions can be tailored to cover a range of scenarios, including event cancellations or postponements due to unforeseen circumstances.

A good insurance policy can provide financial protection against unforeseen events, allowing private owners and associations to focus on what matters most – the well-being of their horses and the success of their events.

You need equine event insurance to protect yourself and others involved in the event. An equine liability policy covers defense fees and pays claims for which you are legally liable up to the policy limits.

Organizing equine events is a significant undertaking that requires careful planning to ensure everyone's safety. Without adequate liability protection, you'll have to pay damages and defense costs yourself, which can lead to financial hardship or even bankruptcy.

You never know when unexpected situations might arise, even with the most careful planning. If the damages and costs are high enough, you may struggle to recover financially.

An equine liability policy can provide peace of mind and financial protection in case something goes wrong. By investing in equine event insurance, you can focus on making your event a success without worrying about the potential risks.

There are several types of equine event insurance plans that cover a wide variety of selections. Depending on your horse's lifestyle and needs, you can pick the plan or plans that fits the best.

Some common types of horse insurance plans include liability insurance, which covers damages or injuries to others, and mortality insurance, which covers the value of your horse in case of death or injury.

You can also choose from various types of horse insurance plans that cover a wide range of selections, such as types of horse insurance plans that cover a wide variety of selections.

Your equine activities come with risks, and it's essential to have the right protection in place. An equine liability policy can cover defense fees and pay claims up to the policy limits if you're found liable.

You need to consider the potential consequences of an accident or injury to others. The Horse Show Insurance and Equine Event Insurance policy can extend coverage to show organizers, premises owners, and volunteers.

Having the right insurance can give you peace of mind and financial security. The Equestrian Group has served horse owners for over 40 years and offers stability through its Equine Special Events Division.

If you're a racehorse owner who contracts with independent contractors, you're not directly involved in breeding, training, or racing horses. You can still obtain a Racehorse Owner's Liability Insurance Policy (RHOL) to protect yourself from potential claims.

Policy limits are available up to $5,000,000 for RHOL, giving you significant protection against potential losses.

There are several types of horse insurance plans that cover a wide variety of selections. Depending on your horse's lifestyle and needs, you can pick the plan or plans that fits the best.

Some horse owners opt for a single plan that covers all their horse's needs, while others prefer to choose multiple plans to customize their coverage.

Horse insurance plans are available to fit different budgets and lifestyles, allowing you to select the plan that best suits your horse and your wallet.

For example, you can choose a plan that covers your horse's veterinary expenses, or one that also includes liability coverage in case your horse causes an accident.

A certificate of insurance is a document that verifies the existence of insurance coverage under specific conditions, listing the effective date of the policy, the type of insurance coverage purchased, and the types and dollar amount of applicable liability.

Producing a special event often requires providing a certificate of insurance to verify your coverage.

The additional insured, on the other hand, enjoys the benefits of being insured under your policy for negligent acts and omissions, but not for their own negligence.

Being named as an additional insured is a common request from venues or sponsors.

Weather cancellation insurance is a type of coverage that protects event organizers from financial losses due to unforeseen circumstances.

It covers losses from cancelled or postponed events caused by weather, natural disasters, war, terrorism, and even the no-show of a performer.

Non-refundable deposits, ticket sales, advertising revenues, and sponsorship dollars are all protected under this type of insurance.

This coverage can be a lifesaver for event organizers who have invested heavily in planning and promoting their event, only to have it cancelled or postponed at the last minute.

It's a smart move for event planners to consider purchasing weather cancellation insurance to safeguard against unexpected events.

Let Marshall+Sterling help you find an equine liability insurance policy that matches your needs.

You can't purchase Care, Custody & Control coverage alone – it must be added to your Commercial General Equine Liability policy. This insurance may also provide coverage for incidental trailering of clients' horses but is NOT intended to cover for commercial hauling operations.

As a horse owner, it's essential to consider private owner liability insurance to protect yourself from third-party liability costs in case of an accident. This type of insurance covers you if your horse damages property or harms someone.

Incidents that may be covered with private owner liability insurance include bodily harm, such as being kicked, bitten, stepped on, or bucked off. Property damage is also covered, including damage to vehicles, trailers, barns, fences, and stalls.

Here are some examples of property damage that may be covered:

This type of insurance is an option to consider for all horse owners, regardless of whether you're a seasoned rider or a beginner. It's always better to be safe than sorry, and private owner liability insurance can provide peace of mind in case of an unexpected accident.

Determining your horse's value is a crucial step in getting the right insurance coverage.

Your horse's purchase price can be a good starting point, but it's not the only factor to consider.

To document possible increases in value, keep records of your horse's show ring performance. Consistent success in the show ring can significantly boost your horse's value.

Quality training is another key factor that can increase your horse's value. Keeping records of your horse's training will help you make a stronger case for their worth.

If your horse is a proven producer of quality offspring, their value may go up. Breeding records can provide valuable evidence of your horse's reproductive abilities.

If you need to substantiate your horse's value, gather ads for horses similar to yours. This can help you establish a fair market value for your horse.

If you're still unsure of your horse's value, consider hiring an experienced appraiser. They can provide an objective assessment of your horse's worth.

Here are some key records to keep:

Remember, the higher your horse's value, the higher your premiums will be.

Equine medical insurance policies typically have a per-incident deductible, which can add up quickly if your horse requires frequent veterinary visits. Most policies also have a limit to the total amount they will cover per incident.

Insurance companies usually limit the amount they will pay out per horse per year, so it's essential to review your policy's specifics to understand what's covered. Your insurance company will set a deductible and coverage limit, which may vary depending on your horse's age and health history.

Most equine medical insurance providers won't cover horses who are 15 or older, and some may exclude horses with pre-existing conditions like chronic laminitis. If your horse has a severe health issue, you may want to consider purchasing a policy with a higher coverage limit or seeking a specialized insurance provider.

The policy covers a wide range of risks and expenses, so it's essential to understand what's included and what's not.

The Horse Show & Equine Liability Insurance Policy protects your event anywhere in the United States, its territories, or Canada. This policy will pay damages 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.

The policy is written on a full occurrence basis by an Admitted, A-rated US insurance company and is tailored to fit your specific event needs. This means you can customize the policy to meet your unique requirements.

The policy will also add the venue, sponsors, volunteers, and co-producers as additional insureds, providing them with protection in case of any unforeseen events.

Here's a breakdown of the limits of liability covered by the policy:

The policy also covers major medical expenses for horses, including veterinary visits, diagnostic procedures, medication, and surgery.

Loss of use insurance can be a lifesaver if your horse suffers an injury or illness that leaves them unable to perform their usual duties. This type of policy can reimburse you for a percentage of your horse's value.

A non-fatal illness or injury, such as an injury that makes an event horse unable to jump, can be covered by loss-of-use insurance. Your insurance company will determine the percentage of reimbursement based on your discipline, the horse's age, and their medical history.

For example, if your stallion used for breeding contracts an illness that leaves him infertile, you may be able to claim reimbursement through your loss-of-use policy. The specifics of the policy will depend on your individual circumstances.