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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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.
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
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.
Their general liability insurance purchase process is simply the best online experience I've ever had in my life!
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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