If you own or lease a yard, land or premises, and keep horses other than your own on it, then it’s important to consider what insurance cover you need. Whether or not you provide active livery services; if a horse, client, visitor, or employee is injured, then you could be deemed liable.
Whilst you might hold some form of insurance that covers your yard, is it the right type and suitable for your needs?
Specialist yard insurance is essential to protect you and your business against potential risks and liabilities.
Cover is key
Yard insurance is designed to protect against various risks associated with running a yard, and SEIB’s policies can be personalised to reflect the specific range of services you offer.
Key cover can include:
Public liability – protection against claims of negligence made by third parties such as clients or visitors.
Care, custody and control – provides protection if a horse is injured or becomes ill whilst in your care.
Employers’ liability – a legal requirement if you employ staff. This includes unpaid volunteers, work experience students, and even a friend helping out at the weekend.
Property damage – covering your buildings, contents, and stock against damage by unforeseen events such as fire, storm and flood. Your home can be included if it’s on the same site as the yard.
Business interruption – offers protection against loss of income during periods when you cannot carry out business as usual, following an insured loss under Property damage.
Tack insurance – It’s important to remember that the policyholder must have insurable (financial) interest in the tack they’re looking to cover. For example, if you’re a yard owner, it’s unlikely insurers would cover clients’ items as you would not personally be out of pocket if something were to happen. But for the sake of clients, it is vital for yard owners to ensure the tack room is as secure as possible. SEIB can provide tack insurance under its range of horse insurance policies or can cover yard owners’ personal tack as part of a yard insurance policy.
Horse Cover – Its a sensible precaution to ensure all horses on your premises are appropriately insured by their owners. We’ve been supporting the equestrian community for over six decades, helping riders find the perfect protection for their horses. From happy hackers to competition stars, we’ve got them covered.
DID YOU KNOW?
It’s important to keep up to date with documentation such as risk assessments, health and safety policies and fire safety plans. All of these should be checked regularly to ensure they’re compliant with your insurance policy and any legal requirements. Such documents could prove a useful point of reference should claims arise.
Specialist cover
Every yard is unique, and a one-size-fits-all insurance policy may leave gaps in cover. SEIB’s team of horse owners and riders, understands the intricacies of running a yard. They work closely with clients to develop policies that address specific needs, ensuring comprehensive protection.
For a tailored yard insurance quote, contact SEIB at 01708 850 000 or email info@seib.co.uk