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.
| 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
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.
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.
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.
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
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.
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.
Yes, most professional liability policies have a deductible. You must pay a certain amount of money before the coverage kicks in.
Get all the best quotes from leading providers in a click of a button!
| 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
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
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.
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.
No, for your personal property, you need to have another cover. Commercial property insurance only covers your business assets.
| 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.
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.
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.
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.
| 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 |
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.
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 todamage to tools and equipment. This policy will offer coverage for lost income in this period
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.
No, tools and equipment insurance is not typically required by law. But it will offer your business financial protection.
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 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
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
The coverage limits of commercial auto insurance are $500,000 to $ 1,000,000. To enjoy higher limits, you must also pay higher premiums.
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.
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.
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.
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.
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.
| 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 |
Get all the best quotes from leading providers in a click of a button!
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.
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
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
Instant quotes
Comprehensive coverage options
Have financial advisors
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
Special discounts
Multiple coverage options
Easy application process
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
Affordable premiums
Flexible policies
Comprehensive coverage
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
Has an app
On-demand policies
Comprehensive policies
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
Fast quotes
Policy selector
Experienced underwriters
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
Multiple coverage options
User-friendly website
Customizable policies
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
1 / 5
Use anyone except Employers. Period. They are non-transparent and shameful. After I complained long enough to warrant a call from a supervisor, the supervisor called back from a PRIVATE NUMBER (no caller ID), left a message that they are not reversing their decision (without any communication with me), and failed to leave a phone number for me to call back. She was hiding! They also fact find via email and phone calls, which is terrific for speed and communication. However, after setting a precedence of email or phone calls, they send time sensitive information via email, without any heads up... they are hoping you miss it and forfeit via expiration. Evil policies. Go elsewhere.
1 / 5
This place is an absolute joke of a company and should be ashamed of the way they conduct business. I was hurt on the job at the end of July and it took them just shy of 7 weeks to issue out a paycheck to me. Yes the amount was back dated but still. Not many have the luxury of not receiving a paycheck for almost 2 months. To top it all off, the original adjuster marked me down for the wrong state which caused a problem from the get go, I've had 3 different adjusters now since each one can't seem to figure out the simplicity of my claim. All my paperwork which includes, my job, house, and drs visits all are from the same state and city but yet some how I have been filed under a completely different state 1500 miles away. They do not answer your phone calls or emails no matter how many you leave. I've had to escalate my frustrations to the supervisors of each of these individuals in order to even get some kind of response. I've had more communication and information given to me about my claim from the customer service representatives then the actual adjusters.......... please tell me how that works?! A serious overhaul needs to happen here in order to serve your clients the way they deserve to be taken care of. 10/10 do not recommend this company to a single soul on earth
1 / 5
I have never had the displeasure of working with a more incompetent and disrespectful person in my life. I’m an injured worker and the adjuster that was assigned to my case was named Carrie Furgeson. In the past 6 weeks that I’ve been injured and out of work I have only been able to get ahold of her twice, not for lack of trying. I have left countless voicemails, countless emails, and she ignores them all. When I am finally able to get ahold of her I’m greeted with terrible customer service. She is rude, she talks over me and I’m hardly able to get a word in edgewise. She spelled my name wrong on my documents even after I spelled it for her properly countless times, this caused a whole new issue with my bank. I have bill collectors from the hospital calling me demanding payment and Carrie Furgeson won’t do a single thing to help, or to get them paid. All of my documentation is in Colorado, my job is in Colorado, my address is in Colorado, all my Dr offices and appointments have been in Colorado and Carrie still managed to hold my claim because she wasn’t sure what state she needed to file it under. It’s been 6 weeks since my Injury and my company still hasn’t received the wage paperwork to fill out so they can get me my correct wages. When she’s not ignoring me she’s answering my questions with “I don’t know” well I don’t know how she got this job, because apparently she doesn’t know anything about it. She is a disgusting morose individual inside and out and I genuinely wish her the worst in all of her future endeavors. I highly recommend you don’t use this company. Please if you are a business owner and your looking into this company please don’t use them. I’m sure they have the cheapest payment and that’s why companies use them in the first place, but you will be doing your employees a grave disservice by forcing them to venture into this absolute dumpster fire of a company. I would rate 0/5 if possible but 1 was the lowest I was allowed.
5 / 5
Their general liability insurance purchase process is simply the best online experience I've ever had in my life!
5 / 5
As long as they cover your line of business, you're literally covered! best rates, best coverage, best online experience, best professionals, can't be happier that I chose them!
Not all those who wander are lost.
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