Farrier Insurance: Cost & Quotes From $35/mo

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As a farrier, your main job is to trim horses’ hooves and customize their shoes. This is an exciting job adventure, especially for horse enthusiasts. However, remember, horses are unpredictable and may illustrate some chaotic behavior. In such unfortunate circumstances, the animal can injure people on your business premises or lead to property damage. Remember, you are responsible for the horses in your custody or care and must pay for all damages. To be on the safe hand, ensure you have farrier insurance.

General Liability Insurance for Farriers 

CoverWallet  NEXT (Best) Thimble  Hiscox The Hartford
Per occurrence limit  $1,000,000 $1,000,000 $1,000,000/$2,000,000 $300,000/$1,000,000 $1,000,000/$2,000,000
Aggregate limit  $2,000,000 $1,000,000/$2,000,000 $1,000,000/$2,000,000 $300,000/$2,000,000 $1,000,000/$2,000,000
Products and completed operations aggregate limit  $2,000,000 $1,000,000 $1,000,000 $1,000,000 $1,000,000
Advertising injury coverage aggregate limit  $1,000,000 $1,000,000 $1,000,000 $1,000,000 $1,000,000
Tenant’s legal liability coverage limit  $100,000 $100,000 $5,000 $100,000 $1,000,000
Waiver of subrogation included? Yes No Included Can be included No
Hired/non-owned auto liability coverage included? Yes No Excluded Can be included Can be included
Equipment breakdown floater included? No  Yes Yes Can be included Can be included


When making shoes for horses or trimming their hooves, accidents may occur. The horse may cause bodily injury or property damage. The insurance policy will compensate you for the damages caused. This farrier liability insurance covers the following:

  • Property damage–The horses under your care can destroy property. This insurance covers all the repair, rebuilding, or replacement costs

  • Bodily injury–A horse can kick or bite a client. The general liability insurance will cover medical costs and other damages

  • Advertising injury–Your business can be sued for conducting illegal advertising activities. For example, you may accidentally use copyrighted material to promote your business. This policy will cover the legal and settlement costs

  • Product liability–A customer can claim that you sold them products that may cause harm to their horse. The policy will protect you from legal claims

Coverage Limits of General Liability Insurance for Farriers

The coverage limit of general liability insurance for farriers is $1 million to $2 million for each incident. This limit will cover damages related to your business.


Are There Any Exclusions to Your General Liability Insurance?

Yes, insurance providers have specific limitations on their policies. Some will not compensate for intentional or criminal activities. You need to check your policy terms for more information.


What Are the Common Incidents Covered by Your Farrier General Liability Insurance?

Insurers cover incidents that occur during the policy period. But you can purchase retroactive coverage covering any incident that occurred before you purchased the policy.


Professional Liability Insurance for Farriers

Errors and omissions may occur when you are offering your farrier services. This policy will protect your business from crippling financially due to such claims. Remember, even experienced farriers can accidentally make errors and omissions, which may result in injury or damage to the horse or owner. Professional liability insurance offers coverage for claims such as:

  • Negligence

  • Breach of contract

  • Failure to diagnose and manage a condition

  •  Injuries caused by your work

Coverage Limits of Professional Liability Insurance for Farriers

The professional liability insurance limit for farriers is $ 100,000 to $2 million. Ensure you check your policy for the best coverage for your farrier business.


Can Your Professional Liability Insurance Cover Mistakes You Did in the Past?

Your provider can issue you a retroactive date. This is the earliest time your policy will cover your errors or omissions. For incidents that happened beyond the retro date, they are not covered in your policy.


Do You Have to Pay a Deductible for Your Professional Liability Insurance?

Yes, most professional liability policies have a deductible. You must pay a certain amount of money before the coverage kicks in.

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Commercial Property Insurance for Farriers 

CoverWallet NEXT (Best) Thimble The Hartford Hiscox
Building coverage limit (minimum) $50,000 $340,000 $25,000/$500,000 $35,000 $25,000
Contents coverage limit (minimum) $50,000 $35,000 $25,000/$500,000 $35,000 $15,000
Outdoor signs Excluded $2,500 Excluded Excluded Included
Accounts receivable  Excluded Excluded $5,000/$10,000 Excluded Included
Money and securities Excluded $2,500 $1,000 Excluded Included
Lock and keys  Excluded $2,500 Excluded Excluded Included
Business interruption floater Excluded Included Included Excluded Included
Equipment breakdown floater Excluded Included Excluded Excluded Included
Inland marine insurance floater Excluded Excluded $10,000 Excluded Excluded
Employee dishonesty floater Excluded $5,000 $2,500 Excluded Excluded


Commercial property insurance covers your business assets. This insurance provides coverage for your inventory, equipment, or buildings. Some of the perils covered include:

  • Storm

  • Fire

  • Theft

  • Vandalism

  •  Any other natural disaster

Add-Ons to Commercial Property Insurance for Farriers

  • Business interruption insurance–A covered peril such as a flood can cause the short-term closure of a business. This insurance will compensate you for lost income and expenses your business incurs

  • Flood insurance–Some basic commercial property insurance may not include floods as a covered event. If you live in areas prone to floods, consider including this policy as an add-on

Coverage Limits of Commercial Property Insurance for Farriers

The coverage limit of commercial property farrier insurance is $10,000 and above. But your provider must gauge the property’s value before agreeing on the exact limit.


Can You Combine Your Commercial Property Insurance with Other Policies?

Yes, you can purchase commercial property insurance with other policies, such as general liability insurance. This can help you save money and better manage your policies.


Is Your Personal Property Covered under Commercial Property Insurance?

No, for your personal property, you need to have another cover. Commercial property insurance only covers your business assets.




Business Owner’s Policy for Farriers 

CoverWallet NEXT (Best) Thimble  The Hartford Hiscox
General liability aggregate limit  $2,000,000 $1,000,000/$2,000,000 $1,000,000/$2,000,000 $1,000,000/$2,000,000 $300,000/$2,000,000
Commercial property coverage limit  $50,000 $320,000 $25,000/$500,000 $35,000 $75,000
Optional policies can be added? Yes Yes Yes Yes Yes
Name additional insureds for free? Yes Yes Yes Yes Yes
BOP discount? Yes Yes Yes Yes Yes


A business owner’s policy (BOP) is not one single policy but a combination of multiple policies. It combines:

  • Business property insurance

  • Business general liability insurance

  • Business income insurance

It helps cover your farrier business from fire, vandalism, or theft. This policy also covers all claims resulting from your farrier business operations. They can include property damage or bodily injury. Advertising injuries and personal injuries are also covered here.

Coverage Limits of Business Owner’s Policy for Farriers

Your farrier business’s coverage limit of BOP is $1 million to $5 million for each occurrence. But the amount will depend on the terms you agree with your policy provider.


Is BOP Enough Coverage Policy for Your Farrier Business?

Although BOP is a bundled policy with multiple policies, it might not offer enough coverage for your farrier business. You will require other unique policies that will offer better coverage.


Can You Adjust Your Coverage Limits on a BOP?

Yes, you can constantly adjust your limits. Your business evolves every day so do new risks arise. Thus it would be best to have a coverage limit that can sufficiently cushion your business from financial risks.


Tools and Equipment Insurance for Farriers 

NEXT  Thimble Hiscox The Hartford
Aggregate limit $3,000/$10,000 $2,500/$5,000 $15,000/$25,000 $5,000-$10,000
Covers hired and borrowed equipment? $3,000/$10,000 $2,500/$5,000 No Yes
Miscellaneous equipment also covered? $5,000/$10,000 No Yes Yes
Offered as an endorsement to general liability insurance? Yes Yes Yes Yes
Deductible $500 $500 $0 $0

Tools and equipment insurance offers financial protection for your equipment and tools. Any item you use to complete your project is covered under this insurance. This policy will reimburse you for replacing or repairing your tools and equipment.


Add-ons to Tools and Equipment Insurance for Farriers

  • Inland marine coverage–This will offer additional coverage for your business’s tools and equipment. The policy will cover items that are in transit

  • Business interruption coverage–your business can temporarily cease working due to damage to tools and equipment. This policy will offer coverage for lost income in this period

Coverage Limits of Tools and Equipment Insurance for Farriers

The coverage limits for tools and equipment insurance will vary according to the value of your items. But generally, it can be from $10,000 and above.


Does the Law Require Tools and Equipment Insurance?

No, tools and equipment insurance is not typically required by law. But it will offer your business financial protection.


Can You Purchase Tools and Equipment Insurance as a Standalone Policy?

Yes, tools and equipment insurance can be purchased as a standalone policy or added as an endorsement to an existing insurance policy.


Commercial Auto Insurance for Farriers

Commercial auto insurance for farriers covers vans, cars, or trucks you use to run your business. In the event your commercial vehicles get into an accident, this insurance will cover the following:

  • Bodily injuries–You will pay for bodily injury from an accident involving your commercial vehicles

  • Property damage–If your business vehicle damages another person’s property, it will cover the damages

  • Medical payments–Pays for the medical costs of all passengers and drivers in your commercial vehicle after an accident

  • Uninsured/underinsured motorist coverage–Covers injuries caused by another driver with insufficient insurance coverage

  • Collision coverage–Compensates for all damages after your vehicle hits an object or is hit by an object

  • Comprehensive coverage–Pays for damages to your business vehicles due to fire, floods, or vandalism

Add-Ons to Commercial Auto Insurance for Farriers

  • Roadside assistance cover–This is a common add-on that covers you if you are stranded on the road. The policy covers emergency services such as medical help, minor repairs, or towing services.

  • Consumable cover–Consumable parts include screws, brake fluid, or washers. Commercial auto insurance may not offer sufficient cover for these parts. You can include a consumable cover as an add-on

Coverage Limits of Commercial Auto Insurance for Farriers

The coverage limits of commercial auto insurance are $500,000 to $ 1,000,000. To enjoy higher limits, you must also pay higher premiums.


Does the Law Require Commercial Auto Insurance?

Yes, in most states, businesses that use vehicles for commercial purposes are required to have commercial auto insurance and satisfy the minimum auto liability coverage limits.


Workers Compensation Insurance for Farriers 

Accidents may occur at one point in your business. Workers’ compensation insurance will cover:

  • Medical care

  • Lost income,

  • Death benefits

  • Rehabilitation benefits

Your employees should receive these benefits without considering who is at fault. If an employee dies while working, their dependents should receive death benefits.


Add-Ons to Workers Compensation Insurance for Farriers

Employer’s liability: Employees can get injured while working. They can sue you for the injuries if you don’t offer a safe environment. This insurance will cover the legal fees and settlement benefits.


Coverage Limits of Workers Compensation Insurance for Farriers

This policy’s coverage limit is determined by the benefits you are set to receive. The limits for medical benefits will vary with those of death benefits. Your provider will elaborate more on the limits.


What if Your Employee is Injured Outside Your Business Premises?

If an employee is injured at home or outside the business premises, this policy will not cover them. It is strictly for work-related injuries.

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Farrier Insurance Cost

Cost per Month Cost per Year Deductible
General liability insurance $35 $420 $0-$500
Commercial property insurance $41 $492 $1,000-$2,000
Business owner’s policy $76 $912 $1,500
Tools and equipment insurance $39 $468 $1,000
Commercial auto insurance $42 $504 $1,000
Workers compensation insurance $105 $1,260 $1,000-$2,500


The average farrier insurance cost is $35 per month or $420 per year for a $1 million general liability coverage. But this cost is not fixed, and the insurance company bases it according to many variables such as revenues, claims history, business history, and location. Here is a list showing the average costs of reputable insurance providers:

Cost per Month Cost per Year Best for
NEXT $20 $240 Best overall; Fastest general liability insurance for farriers
CoverWallet $30 $360 Comparing farrier insurance quotes online
The Hartford $33 $396 Workers comp for farriers
Tivly $37 $444 Comparing farrier insurance quotes over the phone
Thimble $40 $480 On-demand coverage for farriers
Hiscox $42 $504 Farriers who want specialized coverage
Markel $48 $576 High-risk farriers

Compare Cheap Farrier Insurance Quotes Online

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Best Farrier Insurance Companies

Here are some of the best farrier insurance companies. Read some of the reviews below to know their pros, cons, and average rate for a $1 million general liability insurance. 


NEXT Farrier Insurance

Pros

  • Best overall

  • Issues an online proof of insurance instantly

  • Fastest general liability insurance for farriers

  • Great customer service and reputation

  • Excellent rates

  • Outstanding value for money

  • Get a 10% discount if you buy two or more policies 

Cons

  • Couldn’t find any

NEXT is a business insurance company that is famous for selling insurance policies on its virtual platform. Whether you are looking for single or package policies, you can find them here. This company is ideal for small businesses looking for a provider offering affordable and fast coverage.

Best for: Best overall; Fastest general liability insurance for farriers

Average cost: $20 per month

Our rating: 10/10


CoverWallet Farrier Insurance

Pros

  •  Instant quotes

  • Comprehensive coverage options

  • Have financial advisors

Cons

  • Not an insurance company but an insurance broker

CoverWallet is classified as a concierge service provider that connects you to many carriers. It offers small businesses instant quotes on insurance products. They offer commercial insurance options to all types of businesses. This company has invested in technology to ensure you can purchase and manage your policies online.

Best for: Comparing farrier insurance quotes online 

Average cost: $30 per month.

Our rating: 10/10


The Hartford Farrier Insurance

Pros

  • Special discounts

  • Multiple coverage options

  • Easy application process

Cons

  • You might need to talk to an agent to get a quote on the policies underwritten for high-risk customers 

The Hartford is an outstanding insurance company that offers multiple coverage options for businesses. This company specializes in offering insurance coverage for drivers. It also collaborates with AARP and provides unique benefits for its members.

Best for: Workers comp for farriers

Average cost: $33 per month

Our rating: 10/10


Tivly Farrier Insurance

Pros

  • Affordable premiums

  • Flexible policies

  • Comprehensive coverage

Cons

  • Limited to some states

Tivly is a reputable insurance marketplace. They help you connect your business with the best carrier in the market. Tivly has in-depth knowledge of all types of businesses and will help you learn how the insurance will be of value to your venture. Call now to compare quotes over the phone

Best for: Comparing farrier insurance quotes over the phone

Average cost: $37 per month

Our rating: 9/10


Thimble Farrier Insurance

Pros

  • Has an app

  • On-demand policies

  • Comprehensive policies

Cons

  • You can’t call customer service

Thimble is an insurance carrier that specializes in offering micro policies. They have short-term coverage for hours, days, or months. This company also offers long-term coverage.

Best for: On-demand coverage for farriers

Average cost: $40 per month

Our rating: 9/10


Hiscox Farrier Insurance

Pros

  • Fast quotes

  • Policy selector

  • Experienced underwriters

Cons

  • You can’t compare quotes

Hiscox has been in the insurance market for very many years. They focus on offering policies for small business contractors. Their policies are quite affordable, and you can acquire them online. They have been operating for over 100 years and are the most experienced business insurance in the market.

Best for: Farriers who want specialized coverage

Average cost: $42 per month

Our rating: 9/10


Markel Farrier Insurance

Pros

  • Multiple coverage options

  • User-friendly website

  • Customizable policies

Cons

  •  Rates might be higher

Markel is a company that specializes in offering insurance for farriers. They offer multiple products for your farrier business, such as general liability, commercial property coverage, and tools and equipment coverage. Other policies offered under Markel farrier insurance are workers comp and commercial auto. 

Best for: High-risk farriers

Average cost: $48 per month

Our rating: 9/10

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