Commercial Equine Liability
It’s essential that your equine business be protected with an insurance policy specifically designed for your operations. It is equally important that the company has a strong financial background and extensive commercial agribusiness and recreational underwriting experience.
The Equestrian Group Commercial Agribusiness Insurance Program offers some of the industry’s broadest and most comprehensive coverage available to the equine business owner at a competitive preferred price.
Allen Financial Insurance Group offers a full inventory of specialty lines, including commercial property, casualty, fidelity, surety and professional lines. With operations in 50 states, CapSpecialty provides commercial property and casualty insurance, accident and supplemental health insurance, surety and professional liability to a diverse group of clients.
We have been servicing farm and ranch clients for over thirty years. In the event of a loss, our clients are secure in the knowledge that their claim will be processed by our in-house claims staff specially trained to handle equine losses.
The CapSpecialty Commercial Agribusiness Insurance Policy offers some of the industry’s broadest and most comprehensive coverage available to the ranch or farm owner at a competitive preferred price. Coverage can be custom designed to meet the specific needs of your operation, from a small acreage training stable to a multiple location commercial facility.
Coverage can be custom designed to meet the specific needs of your operation, from a small training stable to a multiple location commercial operation.
Auction Houses & Livestock Dealers
Group Accident & Medical Coverage
Bed & Breakfast Operations
Camps & Campgrounds
Equine Mortality & Major Medical
CAT Property Coverage
Feed, Hay and Grain Dealers
Hunt Clubs & Associations
National Equine Association Programs
Polo Clubs & Associations
Rodeo Events & Stock Contractors
Boarding & Training Stables
Equine Assisted Therapy
Equine Care Custody & Control
Horse Shows & Special Events
Farm Supply Stores
Guides & Outfitters
Pony Rides & Petting Zoos
Riding Clubs & Associations
Veterinarian & Animal Services
BUILDINGS, DWELLINGS & OUTBUILDINGS
Primary buildings and structures when insured to 80% or more of replacement cost value
Improvements and Betterments
Ordinance or Law
Increased cost of construction
Fences, corrals, pens, chutes and feed racks
Private Power and Light Poles
Available for farm buildings other than dwellings
Portable buildings and structures
New Construction – Builder Risk
Sump overflow & water backup from sewers & drains
FARM PERSONAL PROPERTY
SCHEDULED & BLANKET PROPERTY
Machinery & Mobile Equipment
Personal Property of Others
Tack & Related Supplies
Available for office contents and tack
Property in custody of common carrier
Coverage for lost income and extra expense
Loss of Rents
COMMERCIAL AGRIBUSINESS INSURANCE
Newly acquired or leased premises:
Automatically covered during policy term. Must be added at renewal to be covered.
Custom Farming: (coverage option)
Pollutant Cleanup (sudden & accidental)
Automobile (coverage option)
False arrest, slander, wrongful entry and eviction covered
Advertising Liability: Included
Equine Professional Liability (coverage option)
EPLI (coverage option)
Incidental Business Pursuits:
Available subject to underwriting guidelines for charge
Excess liability available with limits $1,000,000 to $50,000,000
Care, Custody & Control
Optional coverage for horse of others under your control with limits $5,000 to $250,000
Equine Professional Liability
Available as an addition to a CGL policy, Equine Professional Liability provides coverage for damages arising from legal liability resulting from any negligent act, error, or omission arising out of the insured’s professional equine activities.
Care Custody & Control
This insurance is essential for any equestrian business who board or train horses or who are responsible for other people’s horses while showing or racing them. The policy pays all sums you are legally obligated to pay others for damage to horses in your care, custody or control.
Commercial General Liability insurance pays the damages for liability imposed upon you or your business by the law. It also pays the cost of defending you when a claim is made against your policy.
Without adequate liability coverage you will have to pay damages and defense costs yourself. If these damages and costs are high enough you may suffer financial hardship or bankruptcy.
If you have employees you should carry workman’s compensation insurance as they are not covered under the general liability policy. You should also make sure that any independent contractors or vendors that work with you show proof of their own liability insurance and ask that you be named as an Additional Insured on their policy. This is especially true if they are an independent instructor or trainer working at your facility.
Primary & Excess Limits
Occurrence$300,000 – $1,000,000
General Aggregate$600,000 – $2,000,000
Aggregate Products / Completed Operations$600,000 – $2,000,000
Personal / Advertising Injury$300,000 – $ 1,000,000
Medical$5,000 – $10,000
Fire Legal Liability$100,000
Excess / Umbrella Liability$5,000,000
Things You Should Know
Why Do I Need Equine Liability Insurance?
If you operate an equestrian business or organize equine events, you know how much planning and effort is involved to make the occasion both safe and successful for everyone involved. Even with the most careful planning, unexpected situations can arise that you might not be prepared for. Without adequate liability protection you will have to pay damages and defense costs yourself. If the damages and costs are high enough you may suffer financial hardship or bankruptcy.
What Does The Equine General Liability Policy Cover?
This policy was specifically designed to protect your event anywhere in the United States, it’s territories or Canada. The general liability policy will pay the damages imposed upon you or your business by the law. It also pays the cost of defending you when a claim is made against your policy. Coverage is written on a full occurrence basis by an Admitted, A rated US insurance company and is tailored to fit your specific event needs. The policy will also add the premises owner, venue, sponsors, volunteers and co-producers as additional insureds.
Certificate of Insurance vs Additional Insured Endorsement
When producing a special event you will often be asked to provide a certificate of insurance to verify the existence of insurance coverage under specific conditions. More specifically, the document lists the effective date of the policy, the type of insurance coverage purchased, and the types and dollar amount of applicable liability.
Frequently, another party such as the venue or a sponsor will ask to be named as an additional insured on your policy. The additional insured then enjoys the benefits of being insured under your policy your for negligent acts and omissions but not for his own negligence.
More Things You Should Know
What is Third Party Property Damage Liability (Care, Custody, Control Liability)
Most liability policies have provisions that exclude coverage for physical damage or loss to property while it is in the care, custody or control of the insured. Care, Custody, Control Liability (also known as Third Party Property Damage) is an optional coverage that will pay for negligent injury to horses under your control.
What is Waiver of Subrogation?
Very often, a contract or lease agreement will require one or both parties to waive their rights of subrogation. Subrogation means one party has the right to “step into the shoes” of another party for the purposes of bringing a claim for damages. Suppose you experience a financial loss due to the negligence of a third party. Normally you could sue the responsible party for full restitution but if your insurance company pays the claim your insurer is then subrogated to your claim against the negligent party. In essence, your insurance company has been given your rights of recovery after paying your claim. Before you sign a contract containing a waiver of subrogation, check with your insurance agent to be sure you are not violating any of the terms of your insurance policy. If your policy will not permit a waiver, you may be in danger of losing your insurance coverage, leaving you without policy proceeds or a cause of action against the other party. If the insurance company does permit a waiver of subrogation, it may be necessary to obtain an endorsement to the policy and, in some cases, pay an additional premium.
What are electronic signatures and how are they enforceable?