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Like those that are running a poultry farm or a fish farm and probably taking some financial safety measures to make sure their businesses are protected in the form of business insurance. The same is true when you’re breeding horses, and you have to take some precautions to ensure that your whole source of income doesn’t go down the drain.
Failing to take these precautions can result in disaster, and that’s why we’re here today to discuss horse business insurance. Whether you’re looking for horse boarding insurance or horse farm insurance, in this guide, we’ll cover the things you need to know about the various forms of horse business insurance available as well as their costs, and review some of the best horse insurance companies to work with.
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There are few different forms of horse ranch insurance that you can opt for, and horse boarding insurance is a pretty popular one. Horse boarding is when you take in and house someone’s horse, which can be quite a big responsibility when you consider how much a horse costs.
Horse boarding insurance usually covers the main threats to horses that may occur under your watch. If someone’s horse ends up falling ill, getting injured, or even ends up dying on your watch, the owner of the horse may end up suing you for damages, including the cost of the horse.
If you’re boarding champion racehorses, then you’ll definitely need horse boarding insurance because you’ll end up getting sued for more than just the value of the horse. You may also get sued for the winnings that the horse’s owner lost out on because of the death or injury of the horse.
This tends to make horse boarding insurance a little more expensive than other kinds of horse insurance. For example, horse farm insurance usually doesn’t cost that much because those are your own horses and you likely won’t end up suing yourself if something goes wrong with your horses. Let’s look at horse farm insurance in greater detail.
Horse farm insurance applies to clients that are running a horse farm in which they raise horses. No matter the kinds of horses you’re raising, there are several different forms of insurance you can get. One of the more common forms of equine farm insurance protects you from things that happen to your horses, such as horse farm liability insurance.
For example, if one of your horses ends up falling ill due to pollution, that isn’t due to your negligence and you may end up being eligible for a payout. Other factors that can come into play include weather that results in your horses getting injured, such as lightning strikes and even natural disasters.
You can even have one of these policies pay out if the food that you fed your horses was unknowingly contaminated, making them get sick. Keep in mind that if the food was contaminated due to your negligence, there’s a pretty high chance that the insurance company won’t end up paying out.
You can also get your hands on horse farm liability insurance, which will pay out if your horses end up injuring someone or causing them property damage. For example, if someone is visiting your horse farm and they get bucked or kicked by one of your horses, your liability insurance policy will pay out for their medical bills.
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The average horse boarding insurance cost is dependent on a wide range of factors, and a major one is the number of horses you’re boarding at any given time. If you have a large number of horses, then there’s a higher chance that you’ll end up getting sued if something goes wrong so your insurance premium will be higher.
Beyond the number of horses, you’ll also have to account for the value of the horses that you’re keeping. If you just have some basic paints, the average horse boarding facility insurance cost is around $30 per month or $360 per year for $1m general liability insurance. If you add coverage for horses, the average horse boarding insurance cost goes up to around $60/month or $720/year.
| Company | Cost per month | Cost per year |
|---|---|---|
| Markel | $51 | $612 |
| Blue Bridle | $54 | $648 |
The average horse farm insurance cost is $83/month or $996/year for a $1 million general liability coverage. For example, larger horse farms can end up paying a substantial amount more than small ones. Insurance companies will usually base your rate on the number of horses that you’re currently raising.
However, other factors also play into the equine farm insurance cost, including your business’s history. For example, if you’ve previously had visitors to your farm get injured due to your horses, you can expect to pay a decent amount more for your coverage.
| Company | Cost per month | Cost per year |
|---|---|---|
| Markel | $50 | $600 |
| Blue Bridle | $56 | $672 |
Picking out the best horse farm insurance companies will ensure that you get better service and that you end up paying better rates for your coverage. Below we reviewed two of them. Read to know their pros, cons, and pricing for a $1 million general liability coverage.
To compare horse business insurance quotes online from these companies and other leading ones, click the ‘Get Quotes’ button and complete the questionnaire to have them compete on your horse business.
Markel has been working in the insurance industry for over 70 years, and the company typically works with risks that are a bit more niche than the competition. Their presence in the horse farm insurance industry confirms this as they don’t have a lot of competition from mainline insurers.
Markel’s horse farm and ranch insurance policy features a max limit of $1m/$3m and the coverage also includes the premises, personal liability, professional liability, and equine liability coverage. The policy also features a $100,000 fire legal liability limit and a $5000 medical payment limit.
Covers horses and medical payments
Affordable
Includes dwelling coverage
Commercial policy is separate and more expensive
Average cost: $50/m
Best for: Customers that also need dwelling coverage
Since 1982, Blue Bridle has specialized in insuring horses, horse farms, and horse breeders. The company was one of the first to offer medical and surgical coverage for horses in America, blazing a path for future horse farm insurance carriers.
Blue Bridle offers a range of policies for equine farms, including farm property insurance, equine liability insurance, and equine insurance. Each of these forms of coverage is split into several plans, ranging from commercial insurance to private farm insurance.
Variety of policies
Also offers premises coverage
Equine surgery coverage
Pricey
Average cost: $56/m
Best for: Smaller farms
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10 / 10
For me this company has proven to be the best to do business with and worth my hard earned money. Contractors this is your company look no further.
7.7 / 10
Decent experience with Hiscox business insurance
10 / 10
Good company. Good and knowledgable customer service. If they don't know something they will pass you on to a more experienced rep that is more knowledgable. So far so good.
10 / 10
Best insurance ever
10 / 10
Coolest concept, I wish this was applied to other insurance products too.
9.4 / 10
Fastest ever online insurance quote and purchase! Also, great rates and professional customer reps that helps with whatever you need, if you need. Nice company!
2.8 / 10
Embroker sells a product that it doesn't honor. We purchased a combination D&O and EPLI policy. However, when it came to renewal, it told us that we only had D&O coverage even through our ACCORD certificate clearly mentions we have both. Basically they refused to honor the EPLI coverage and will leave you hanging with the bag. At time of renewal, they more than doubled our quote to get similar coverage. Basically BAIT & SWITCH. Unacceptable tactics. Easy to buy and pay but you may not be... Read More
2.8 / 10
Great platform. Terrible policy. There is no teeth behind it. No coverage. It's a fake policy that they sell. Sold us an EPLI policy that later we came to find out had no EPLI coverage. Amazing that they can get away with outright fraud. Check the positive reviews. They are all 'Anonymous' posted by Emroker staff. Stay away and find a real policy that will actually provide you coverage. We've been bitten by them and hope to find restitution via a lawsuit.
Paul Burns Insuranker
Policy Type: Business Insurance
Company name: Berkshire Hathaway GUARD Insurance Companies
0 / 10
It has been 70 days since I made a claim on the roof of my building. No one from the company will return calls. We are in hurricane season and located in Louisiana. My building is tarped to secure it.
Felicia Broadus Insuranker
Policy Type: Business Insurance
Company name: Berkshire Hathaway GUARD Insurance Companies
0 / 10
They are the worst, my truck was hit in January 23 and the claim adjuster has not been out to this very day! They have every excuse in the book as to why. They have not been to the collision shop. PLEASE AVOID THESE SCAM ARTIST!
Felicia Broadus Insuranker
Policy Type: Business Insurance
Company name: Berkshire Hathaway GUARD Insurance Companies
0 / 10
Avoid these SCAM ARTISTS! They don’t pay claims!!! Save yourself the trouble and money!
Kasey Arey Insuranker
Policy Type: Business Insurance
Company name: Berkshire Hathaway GUARD Insurance Companies
0 / 10
This company gives you a price that was in place for a year and when you have to use it there is fine print were they can go back and charge you more. Would not recommend them to any one. Crooks
John Murphy Insuranker
Policy Type: Business Insurance
Company name: Berkshire Hathaway GUARD Insurance Companies
0 / 10
Worst insurance comapny I have ever dealt with. A commercial vehicle represented by GUARD t boned my wife and daughters family vehicle in the middle of the day. Driver was cited and insurance claim insued. Fast forward 4 months and refusal of full amount of claim is still happening. Driver was found guilty, repairs started on my vehicle and when it comes to the final bill and diminished value we cannot get any help. I am out a family car, have an injured and traumatized wife and children,... Read More
Harshadray Patel Insuranker
Policy Type: Business Insurance
Company name: Berkshire Hathaway GUARD Insurance Companies
0 / 10
Extremely bad service, when you call , will make you wait on the phone for ever (over an Hour) and still no one to answer , so you end up hanging up. To cancel the policy, bounce you from one department to the other. They are supposed to refund from the date other insurance started and after sending the proof of other insurance policy, still they did not refund based on that actual date instead they use the date i managed to get hold of them. They charged me $7000.00 for a year's insurance on... Read More
Aaron Wensel Insuranker
Policy Type: Business Insurance
Company name: Berkshire Hathaway GUARD Insurance Companies
0 / 10
Guard Insurance is terrible. They were so bad I cancelled them because them couldn't figure out why I would never get a paper copy of the bill . Verified my address with them and still intermittent billing. I cancelled them in March through my local broker. Today 6/27 I get a letter in the mail from a collections company saying I owe 87.97. This was the first myself or my broker heard of owing this money. Here is some advice for this failure of a company send me a god damn bill and I will pay.... Read More
Michael Swink Insuranker
Policy Type: Business Insurance
Company name: Berkshire Hathaway GUARD Insurance Companies
0 / 10
My employer had to have workers compensation by law. He obtained a policy through this Berkshire Hathaway GUARD and they failed me. I fell from a ladder and fractured my spine in 7 different places, my clavicle in 4 places, and the base of my skull. Going to my Dr visits I was prescribed medication for pain and the insurance company placed a pre-authorization hold on me picking up the medication from Walgreens. The hold lasted 5 days! My weekly benefits have never been on time, right now... Read More
10 / 10
Liberty Mutual is one of the more simple companies to deal with. I had to file a claim for my business owner policy after I caught one of my employees stealing a large amount of products from my business. Liberty mutual paid the claim fast and with no efforts. I wish the legal process was as easy…
10 / 10
For me this company has proven to be the best to do business with and worth my hard earned money. Contractors this is your company look no further.
7.7 / 10
Decent experience with Hiscox business insurance
9.4 / 10
Very pleased with Hiscox - their small business insurance rates are very good and they specialize in small business which gives me a peace of mind as a small business owner. So far so good!
10 / 10
Their customer service is absolutely fantastic. Very patient, knowledgable and provided excellent explanation of the purchased policy. I would highly recommend this insurance company to anyone that's looking to protect their business from unexpected expense. Thank you Hiscox for doing a great job for my business!
0.6 / 10
STAY AWAY! I wouldn't recommend hiscox small business liability insurance to anyone. Better not waste both your money and your time. Hiscox customer service is extremely unpleasant, not organized and not professional. It is the worst company we have dealt with in almost 25 years in business!
10 / 10
Good company. Good and knowledgable customer service. If they don't know something they will pass you on to a more experienced rep that is more knowledgable. So far so good.
10 / 10
Extremely fast and simple. Wasted a lot of time and money until I found these guys! I feel like my business is in good hands now.
10 / 10
Hiscox's the best! My business is insured with them for over 12 years and am not planning to switch!
10 / 10
Excellent experience with Hiscox BOP for my coffee shop. They provided all it needed.
10 / 10
My HI barbershop is well covered with their great BOP product for 5 years already! not planning to switch!
10 / 10
Best insurance ever
10 / 10
Coolest concept, I wish this was applied to other insurance products too.
10 / 10
Great experience
6 / 10
Didn't relate to the concept much, but it makes sense if you need insurance to go
0 / 10
It doesn't really feel sustainable to me and doesn't offer business interruption, product liability and commercial property insurance. They have no local agents and despite their technology first approach you cannot file claims online. Additionally, product manufacturers are not covered by Thimble and they don't provide enterprise solutions.
10 / 10
As a contractor that works 3 times a week for a few hours, Thimble gets really handy for me and saves me money. I have no use for these massive business insurance coverages offered by traditional insurance companies.
10 / 10
Excellent concept which is useful to many small businesses!
10 / 10
Been waiting for this type of solution for a long time!
10 / 10
Love their business insurance solutions for freelancers! Great app!
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Disclosure: Insuranks.com is an independent educational comparison service and an advertising-supported publisher. Some of the companies/offers that appear on the website are from our partners which we may receive compensation from. This may influence which companies/offers we write about and where and how it appears on the site. However, this does not impact our assessments. We solely highlight companies, products, and offers that can help you make smarter insurance decisions.
