For your best business protection and savings, we recommend bundling GL with some other important coverages on one Business Owners Policy!
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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This company does not care about the people they insure or the people that work for the company. They do stupid meets all day long about quality on calls while injured workers sit in pain waiting for answers but can never get to anyone to help them. This company hires uneducated people to run the company so that nothing important get done. I have heard so many stories about injury workers having bad service. They can’t never get their claims adjuster on the phone and the doctors that this company tells people to go to do not care about their patients causing their injuries to become worse. This company neglect on taking care of people’s injured employees have caused people to end up with disabilities for the rest of their life. if you get insurance under this company you will end up having to hire a lawyer to fight them in court. Do not get a policy with this company. Your employees will pay the price and so will the owners of the company. Honestly they need to get shut down. Avoid at all cost do not get this insurance and do not work for this company.
Terrible customer service. I got this insurance for my Amazon store when I ran one, took a break and cancelled all my subscriptions. I called these guys and they recommended sending an email. They never responded and have been charging me since then. Definitely going to dispute via the bank. Hate when businesses take advantage of other small businesses for their own gain.
I purchased a year long policy for my small business I paid for the year up front. First they sent me the incorrect paperwork and acted as if I had something to do with the mistake. About three weeks later I received a bill for the policy. I then sent countless email as the payment did clear my account. About a week later I'm told they have no record of my payment. Now I have to send any documents proving I said then. It went on for weeks. More requests of proof from this person then another. Every conversation had an under lying tone of me being dishonest. Finally I just gave up with them and filed a despite with my bank which took all of three days.. So now I'm continuing to receive emails that my policy is past due and will be cancelled. Funny, I was told I didn't have a policy because they couldn't locate it.
Purchased the General Liability policy I needed to fulfill a contract for my hiring party. Simply Business made it very easy to complete an application and review multiple quote options. Ended up purchasing a policy for 1/2 of what I originally was told by my agent.
I insured my small business with them from early 2016 to January 2022. I had a workman's compensation policy with them the entire time for my staff of approximately 10 people which fluctuated up and down minimally over the years. We ran a very safe operation and never had so much as one claim. I sold my business in early 2022 and cancelled my policy which triggered a final audit of $2871.00 which was owed back to me. Of course I dissolved my LLC immediately after selling the business and thus closed my bank checking account at the advise of my accountant. Though my name was on the business policy, Employers Preferred Insurance Company refused to issue a check to me directly as the policy holder due to...you guessed it, policy. Long story short, if you sell your business keep a small amount deposited in the checking account because it's almost a guarantee that companies such as Employers will use their policy to weasel their way out of money owed after the dissolution of a business. I should have known that I would be treated a just another number shortly after I signed with them as the sales agent just disappeared after I was set up for an online account to manage my policy. My next business venture will entail me working with an actual insurance agent who has an office in an actual brick and mortar building!