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.
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| 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.
