Equestrianism inherently carries certain risks due to the unpredictable nature of even the most well-trained horses. That is why operating a horse boarding business has a moderately high number of risks to consider, even with stringent management practices in place. Protect your enterprise today with Ark International Group. Our horse insurance products help safeguard your horse boarding business from financial losses due to accident claims and lawsuits.
With the moderately high level of risks that horse boarding businesses face, your company deserves horse boarding insurance that protects you from any possible claim. Boarding horses commercially necessitates specialized coverage for liability. Ensure your operation is well-protected with a horse insurance product tailored to meet the demands of any commercial horse venture.
A farm owner’s policy goes beyond the coverage of traditional homeowners’ insurance by including commercial coverage essential for the cultivation, maintenance, and sale of livestock, grains, crops, and agricultural products. Under this policy, your insurer must specifically agree to cover liability for horse boarding through endorsement.
At Ark International Group, we understand that stable owners face significant liability risks, including possible bodily injuries to horse owners, their families, and guests. We highly recommend you ensure that horse owners carry proper horse insurance for liability. However, note that a horse owner’s policy does not cover stable owner liabilities. This is where your horse boarding insurance will come in.
Other liability concerns that affect boarding stables are a loss, illness, or injury that may happen to a boarded horse while in your care. By having the right horse insurance policy, you can protect your horse boarding business. This exposure is commonly known as Care, Custody, & Control Liability (or Animal Bailee Liability.) Horses can escape their enclosures; they can become injured on a fence, in a pasture, in their stalls, or while being ridden on trails and in rings and arenas, which you are responsible for maintaining. You may not haul horses commercially, but if you haul horses for other people on occasion to the vet, for training, or to events, you also have this exposure. The horse owner should be encouraged to carry a limited or full mortality policy on their horses, which may include surgical and major medical insurance. While this will help, again, it is for the benefit of the horse owner and will not cover liability claims made against the boarding stable owner. Liability claims involving loss, injury, or damage to a boarded horse should be insured under a policy or endorsement called Care, Custody, & Control Liability Insurance.
This type of coverage insures you against financial loss if a non-owned horse in your care becomes sick, injured, or dies, and the owner attempts to hold you responsible for the loss because of your negligence. This type of insurance is not included in your General Liability Policy unless you request it and add it by endorsement or provide it as a separate policy. If you board, handle, or care for horses owned by others, be sure to ask for this additional coverage by completing that part of the application and choosing the limits that are right for you. Our underwriters will then quote it, and you will have a chance to decline or accept this valuable insurance protection.
As a stable property renter, you may not have access to property insurance for tack, equipment, and machinery you use in your business. Ark International Group can insure these items by adding a Property Coverage Endorsement to the General Liability Policy. An additional premium is charged for this endorsement, and the items and values must be declared in the application process.
The General Liability Policy provides specified maximum limits or amounts of liability insurance for:
Medical Expense: Pays for a claimant’s low-cost medical expense with few questions asked about your liability, responsibility, or connection on the matter.
Legal Defense Costs: Today’s court costs and hiring of a lawyer can quickly mount to $50,000 or more, an expense you do not want to come out of your pocket if you are sued and have to hire a lawyer. If sued in relation to the insured activity, the policy provides legal defense whether the case has merit or not.
Settlement or Claims Costs: Pays bodily injury and property damage claims for which you are held responsible.
Four of the most common claim incidents for boarding stables are:
1. A boarder is injured in your arena, in the stable area, or on your trails when their horse spooks or acts up due to a hazard you were responsible for containing, controlling, or marking.
2. A visitor comes to your property with a boarded horse owner and is injured while petting horses, watching the rider, or when he or she rides the boarded horse.
3. A fence is damaged or barrier gates are left open, and a boarded horse gets loose and runs into the road. A car accidentally collides with the horse. The incident results in bodily injury claims on the driver and passengers, property damage to the vehicle and contents, and a care, custody, & control claim for loss of the horse.
4. A boarded horse not owned by you gets injured or dies while in your care or on your property because of something you did not do to keep the horse safe, sound, and healthy.
Reach out to an Ark International Group representative by calling 1-800-328-8894 and requesting a horse insurance quote right now. We look forward to working with you and determining your individual needs for your horse boarding business.
*General information is provided on this insurance topic. Acting on our coverage recommendations does not guarantee coverage if you have a loss or claim.
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