Protect Your Reputation With Horse Training Instruction Insurance
Unfortunately the more you’re known as an expert, the more you’re exposed to liability.. You've worked hard for your reputation so you want to make sure that you protect it and your livelihood. The financial loss of an injured horse or a person trained by you could hurt your business. Make sure that you’re insured against any possible claims or lawsuits in Ontario.
What you’ll discover in this report:
- If a Commercial General Liability Policy is enough
- Common claims that people make against horse training instructors
- How you can plan ahead
- The coverage offered by a Commercial General Liability Policy
- Other types of insurance you should consider
Is A Commercial General Liability Policy Enough?
If you carry a Commercial General Liability Policy you need to make sure it includes Professional Liability Coverage to insure you against any settlements to an injured party if you’re found responsible, or worse yet negligent.
Although you’re protected from financial loss if one of your trainees becomes injured or their property suffers damage because of your commercial equine operations, you still need Professional Liability. This would pay for any money that you become legally obligated to pay. It covers you against any damages, lost prize money winnings or lost value of a horse if anything happens due to a “professional incident.”
What’s a “professional incident?” If you make a bad judgment call where you’re paid to perform a service and it doesn't reach the expected outcome it’s referred to as a “professional incident.”
NOTE: Some insurance companies don’t offer Professional Liability Insurance, and some offer it without General Liability. At Henry Equestrian Insurance Brokers Ltd., we recommend that you get both from the same insurer.
What Are The Most Common Claim Incidents?
- During a training session, someone you’re instructing is injured.
- You’re brought into a lawsuit because the student of someone you instructed is injured.
- You’re brought into a lawsuit because one of your students is training a horse and it’s injured.
How Can I Plan Ahead?
We know that you care about the horses and the people that come to your farm. There are steps to take to make sure that an accident never happens in the first place.
Enforce barn rules
Look around and develop rules for your environment for both horses and people. Also write procedures. Then train every staff member to make sure they understand your rules and procedures.
Plan for emergencies
Emergencies happen, but the better prepared you are, the better chance you have of providing the proper care to all the horses. If you’re prepared you can minimize the severity of any accident.
Develop semi-annual inspections of your property
By inspecting your premises for potential hazards, you can take care of them before an incident occurs.
Prepare a written waiver and review Ontario’s Occupiers’ Liability Act
Anyone who participates in any horse activities on your premises needs to complete and sign the waiver. Make sure that you keep the signed forms on file and safely stored. The Occupiers’ Liability Act states that the stable owner/operator owes a duty of care to the people who enter their premises. This assures that any property they bring on your premises with them is also reasonably safe. You are free to restrict, modify or exclude this duty of care through your written waiver.
Follow Ontario’s Horse Riding Safety Act
This legislation states that it’s mandatory that anyone under the age of 18 years of age must wear a helmet that meets ASTM, BSI or European Safety Standards and hard-soled footwear with a heel of no less than 1.5 cm.
Purchase an Equine Liability Insurance Policy
Protect you and your business with an insurance company that knows horses and your business. You want to make sure that any legal feels are covered, claim costs and settlements to ensure that in the case of an accident, your business doesn’t suffer a financial loss.
What’s Included In The Commercial General Liability Policy?
The policy gives you maximum limits or amounts of liability insurance for:
- Medical expenses: You can be sure a claimant’s low cost medical expenses are covered without a lot of questions about liability or responsibility.
- Legal defense costs: You can save your business the financial burden of court costs if you’re sued, whether the case has merit or not.
- Claims or settlement costs: Without this policy you could be held responsible for bodily injury and property damage claims.
Are There Other Coverages I Should Consider?
- Tack, Equipment and Machinery: Protect your tools of the trade and your business by insuring your tack, equipment and machinery against loss or damage.
At Henry Equestrian Insurance Brokers Ltd., we share your passion for horses and your desire to share it with others. We make sure that we protect you and your livelihood. Contact us today to learn more or click on Get a Free Quote for an obligation-free quote.