Protects you, the member, if you are sued by a third party because a horse you own or lease, ride or handle non-commercially damages or injures a third party.
*Liability coverage is only available for non-commercial equestrian activity. There are some restrictions and exclusions that apply. The member (a Canadian resident) is covered 24 hours a day, seven days a week, and anywhere in the world. (Members who are not Canadian residents are excluded.)
Coverage for you, the member, in the event of a catastrophic injury, dismemberment, or death as a result of equine-related activities. (Only applicable to Canadian residents under the age of 90.)
How much does horse insurance cost a year?
Equine insurance pays the horse’s owner a death benefit if the animal dies as a result of a covered loss. Horses are extremely valuable and expensive to care for and replace, therefore coverage is essential. An independent insurance agent can assist you in locating the appropriate equine insurance policy.
What Does Equine Mortality Insurance Cover?
Equine or horse mortality insurance covers a wide range of risks that could cause your horse’s death. Accidents, injury, illness, disease, and even thievery are all common occurrences. The following advantages are also included in the coverage.
- Major medical expenses: Covers the horse’s veterinarian medical care or surgery if it is required as a result of an accident, injury, illness, or disease.
- Surgical costs: Equine surgeries are costly, and this coverage reimburses surgical costs up to a specified amount if your horse sustains an injury, accident, or disease.
- Loss of use: If your horse is not suitable for its first use as stated in the policy due to an accident, illness, disease, or death, it can be covered so you don’t lose a lot of money.
- Stallion infertility: If a stallion in your breeding program does not produce as expected, this coverage might help you get reimbursed.
Optional coverages can be added to these main coverages as needed, including the following.
- Colic surgery costs: This insurance specifically covers your horse’s colic surgery costs.
- Increased mare valuation: Increases the coverage limitations for a pregnant mare to include the cost of the stud fee/embryo.
An independent insurance agent can assist you in determining which coverages in an equine mortality policy are most relevant to you.
Why Is Equine Mortality Insurance Important?
Horses require not only a lot of upkeep, but also a lot of money to care for. Horse replacement can be emotionally and financially draining, so it’s vital to have coverage for your animal. Take a look at some fast racetrack statistics for horses in the United States.
- Over the last decade, over 6,600 horses have displayed evidence of injury at racetracks.
- In the last three years, almost 3,600 horses have died while training or racing at state-regulated racetrack.
Equine insurance can assist keep you and your farm afloat in the case of a disaster that results in the loss of your animal, which is not only common but also costly.
What Is Equine Liability Insurance?
Equine liability insurance for businesses is designed for those who operate with horses on their own or rented property. If you provide horse boarding or riding instruction, coverage is ideal. For anyone who race, breed, or professionally train horses, coverage is also essential.
Commercial enterprises that hold horse shows or equestrian competitions, sell horses, hire horses for recreational purposes, or conduct team roping or penning practices also employ equine liability insurance.
Equine liability insurance covers the following:
- Protects you against bodily harm and property damage if a third party is injured or property is damaged by a third party.
- Legal liability for fires: Protects you if you cause a fire and cause damage to other people’s property.
- Professional liability insurance protects horse-related professions against unintended errors.
- Personal/advertising injury: Protects your business or advertising against a lawsuit if you harm someone else’s reputation.
- Products/completed operations: Protects products you distribute and covers any work you undertake if it causes damage or injury later.
An independent insurance agent can discuss the need of equine liability insurance in greater detail and assist you in selecting the best coverage for your needs.
How Can I Cover My Horse Farm?
While equine insurance protects owners against the terrible death of their horses and equine liability insurance protects owners from litigation, horse farm insurance offers a larger variety of coverage for commercial horse farms.
Horse farm insurance usually covers:
- Farming interruption: If your barn or stable is rendered unusable due to an insured loss, this policy will compensate you to help you pay your bills and keep your farm running. You can also add system breakdown coverage for computers, equipment, or mechanical devices.
- Other livestock mortality coverage: Provides coverage for other livestock you may own.
- Property damage: Covers physical damage to farm structures caused by covered risks such as natural catastrophes, vandalism, fire, and more.
- Protects a horse farm’s equipment, such as horse feeders, from physical damage, destruction, or loss due to a covered risk.
A horse farm insurance policy can usually be supplemented with equine liability insurance. For additional information, contact an independent insurance agent.
How Much Does Horse Insurance Cost?
The cost of your horse insurance will be determined by the type and quantity of coverage you select. Horse insurance can cost anywhere from $150 to $280 per year.
Do you need insurance to teach horses?
Q: As a riding instructor, I’ve heard of custody and control insurance, which protects animals in my care from loss or injury. What makes it different from third-party insurance?
As an instructor, you definitely need insurance coverage to safeguard yourself while conducting business. Public liability insurance is required for anyone engaging in commercial equestrian activity. This covers claims from members of the public who have been hurt or whose property has been damaged as a result of the insured’s acts or the activities of animals under their care.
What is OEF horse?
Multiple intertwining circles, each representing different equestrian communities and disciplines within the Ontario Equestrian organization, were used to construct the profile of a horse at the center of a circle.
What is covered under equine insurance?
- Equine insurance protects you in the event that your horse becomes ill or dies, can no longer be utilized for business, or injures someone or damages property.
- Equine insurance is still required for horse-related businesses, even if EALAs provide some liability protection.
- Liability, care, custody, and control, mortality, and significant medical coverage are all options for equine insurance. You can customize your coverage to meet your specific requirements.
- The cost of insurance is determined by the type of policy chosen and the worth of your horse (s).
What insurance do I need for a horse?
This coverage, often known as ‘third party coverage,’ is required in the event that your horse injures a third person or damages property, such as a car. While accidents aren’t very common, the costs of damages can easily exceed six figures.
If you’re a member of an organization like the British Horse Society, third-party insurance may already be included in your membership cost. Equestrian sport regulatory organizations, such as British Eventing and British Showjumping, may also offer third-party coverage.
Does horse insurance cover colic surgery?
This policy covers an animal’s death as a consequence of an accident, injury, sickness, or disease. In addition, the policy covers Emergency Colic Surgery for 50-60% (depending on the business) of the horse’s insured value, up to $3,000, at no additional cost.
What insurance does a riding school need?
Every riding school is different in how it functions, but the risks are generally the same. Riding and owning horses is what drives us, and we’ve learned from our 50 years of equine expertise that dealing with horses in any capacity is perilous. As a riding school, it’s critical that your insurance policy reflects the course you’re teaching.
While some of the risks associated with riding schools are evident, acquiring insurance that matches your needs can be frustrating and time-consuming. It’s possible that one of your clients or horses will get an injury. It’s possible that the structures you employ have been damaged. What if the weather has an impact on your in-house café or tack shop, thereby derailing your planned expansion?
- To cover you in circumstances involving your students and others, you have public liability insurance.
- Property owners’ responsibility for commercial or residential properties, with the option to combine policies into one if necessary.
- Shows, events, camps, and lodging, wherever you go, we protect you, your staff, and your riders.
What qualifications do I need to teach horse riding?
To follow the BHS Coaching Pathway, you must be a member of the BHS. To become a riding instructor, you can study for the Stage 3 Coach award. An Initial Teaching Test is part of the ABRS training path and practical assessments.
What is a BHS accredited coach?
Accredited Professional Coaches are approved and accredited by the BHS and meet the industry’s highest professional standards. For the term of your membership, BHS first aid and safeguarding courses are included. For the term of the accreditation, BHS Gold membership is required.