What insurance do I need to teach horse riding?

One of the most risky yet extremely elegant business is horseback riding.  This is why liability insurance is one of the very important considerations. The Equine Industry Insurance has one of the highest premiums because they are one of the highest in risk and is mandatory for the professionals to have it.

Every sport has some form of risk associated with it but when you are a stable owner or horse instructor or riding trainer, you need to have a proper thought of how you can meet your liability in case someone gets injured.  There will be questions like who was at fault or how could this mishap could have been prevented. This is why accident prevention is necessary and is a key requirement in liability insurance.

Why importance of liability insurance always high for equine professionals

To protect an equestrian professional organisation or Businessman against any form of liability claims that can be property damage of bodily injury, the insurance is a must. Only a reputed and experienced equine insurance agency can help you understand which one will help you make the most to your advantage.

Do you know the different categories of horse insurance?

If you are planning to get into the Equestrian industry, you need to have a proper understanding about the different types of insurance that are there.

Horse trainer professional insurance

This covers  the person who is the horse riding instructor or trainer. So, if your student or the horse owner says anything against you, this professional insurance will help to cover the charges.

Property insurance

It was almost like a home owners insurance because this one will cover you from any kind of destruction or damage on the properties through fire, flood or natural calamity. It will also cover for any destruction done to the barn, and other structures that is owned for the purpose of business. You can also include things like the hay and feed, machinery or horse tack.

Liability insurance

Under the insurance coverage for horse industry, the liability insurance and property insurance are generally bundled together. Here, when someone gets kicked or if your horse gets lose and injure himself that creates self destruction or damage to the neighbour’s property, it can be covered. There is a sub section in this particular policy which is called ‘care, custody and control’ that is responsible to cover the litigations that can be associated when any kind of destruction is caused from your end as a horse business owner.

Equine morality and/or loss of use insurance

This is the one that reimburses you for the value of your horse if he loses his mortality or if he gets injured and therefore affects your scope of income. This is almost like a life and disability insurance for human and is definitely recommended for those horses which are constantly working as lesson horses.

Equine major medical insurance

As understood from the name, this is like a health insurance for the horses and can be a real life saver when there is any special or elaborate surgery required like the colic surgery.

Workman’s compensation

In some states, it is necessary for professionals to have this horse insurance where even if the business only employs a single or part time employee. There has to be a policy that will compensate for their medical and other costs and keep them injured while being on the job. The premium is generally based on the type of the payroll and also on the kind of risks associated with industry.