Riding Stables Insurance

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Riding Stables Insurance Policy Information

Riding Stables Insurance

Riding Stables Insurance. Riding stables may, for the beginning equestrian, offer the very first glimpse into the sport of horse riding and the first encounters with horses themselves.

Riding stables and academies train riders in basic techniques, including how to groom and train a horse, and how to participate in competitions. Facilities include large indoor arenas for instruction or competitions, outdoor arenas, pastures for grazing, and barns to stable horses.

Some offer boarding facilities for horses belonging to others. Some rent horses for recreational rides. There may be tracks for racing, retail shops for riding equipment, repair facilities, sales of stock and feed, or other services such as veterinary and breeding.

While the foundations of horsemanship are taught to beginners, experienced riders can find, within riding stables, an exciting riding experience, competition, and kinship with horses and other riders alike.

If you own and run riding stables, or are considering going into this line of business, your love of horses most likely lies at the very core of your work - and although the equestrian expertise you have will help you grow your riding stables, you may also find that running a business offers some new challenges.

What if your riding stables were to be affected by an accident or other unfortunate event? Carrying the right insurance plays a very large role in helping you recover from mishaps, so here, we will examine what kinds of riding stables insurance coverage needed.

Riding stables insurance protects your distribution business from lawsuits with rates as low as $47/mo. Get a fast quote and your certificate of insurance now.

Below are some answers to commonly asked riding stables insurance questions:


How Much Does Riding Stables Insurance Cost?

The average price of a standard $1,000,000/$2,000,000 General Liability Insurance policy for small riding stables ranges from $47 to $79 per month based on location, size, revenue, claims history and more.


Why Do Riding Stables Need Insurance?

Equestrian

Considering your insurance needs is not the most exciting part of being a business owner, and you may find the process difficult to navigate. Being properly insured is a crucial part of managing the many risks your riding stables can face, however, while some types of insurance are also legally mandated.

Riding stables will be vulnerable to some of the same perils that can affect nearly any business. An earthquake, flood, hurricane, or other act of nature could strike your facilities, for example. Theft or vandalism could cause the damage or loss of essential assets, including, unfortunately, horses.

Among the perils more specific to your field would be the possibility that a rider or employee suffers an accident and then tries to hold you responsible for the resulting costs. Horses may become sick or injured and require urgent medical care, or your electronic membership data could be hacked into and made public.

Any of these perils, as well as others not covered here, could impact riding stables at any time.

The expenses that follow minor mishaps can be covered without much difficulty, but disastrous events can represent a huge setback, and may even render your riding stables bankrupt - unless, of course, you have invested in riding stables insurance coverage that will allow you to bounce back even after a major peril.


What Type Of Insurance Do Riding Stables Need?

The types of insurance coverage that optimally guard riding stables if they are met with accidents or other mishaps depend on numerous factors.

The location of your riding stables (which influences climate and terrain, but also legal requirements), how many horses you have, your number of employees, and the size of your membership are all examples of variables that have an impact on the cost of your insurance and the kinds of coverage you need.

Because the best riding stables insurance plan is a tailor-made one, it is vital to consult a commercial insurance agent. With that in mind, these important forms of insurance will certainly benefit riding stables:

  • Commercial Property - If your riding stables are hit by perils like acts of nature, burglary, vandalism, or accidents such as fire, this type of insurance will help you cover the resulting repair and replacement costs. It covers not only physical buildings, but also assets therein alongside outdoor property of the kind riding stables are likely to have.
  • Commercial General Liability - This crucial kind of riding stables insurance protects your financial interests in the event that a third party sues you, claiming that you are responsible for bodily injury or property damage, which may have happened on your premises or as a result of your company's activities or negligence. It helps you pay for attorney fees and settlement costs.
  • Workers' Compensation - Any commercial venture that has hired five workers or more will need to carry workers comp insurance. It protects your employees by covering their medical bills and any lost income in the wake of an occupational injury, and your company by taking those expenses off your shoulders.
  • Equine Insurance - These specialized policies provide coverage for your horses. Should they get sick, become injured, or die to accidental or disaster-related causes, the resulting costs are covered by this type of insurance.

These insurance options are examples of the types of riding stables insurance coverage needed, but you may also have further insurance requirements. They could also include cyber or auto insurance, for example.

A skilled commercial insurance broker is best situated to offer you advice based on the unique circumstances of your particular business.


Riding Stable's Risks & Exposures

Girl Riding Horse

Premises liability exposure is high due to the number of visitors to the premises and the use of horses. Public and life safety code compliance is very important. Good housekeeping is critical in preventing trips, slips, and falls. Adequate lighting, marked exits, and egress are mandatory. Steps must have handrails, be well lit, marked, and in good repair. Parking areas should be well maintained and free of snow and ice.

Animals can be unpredictable and pose severe injury potential if patrons are thrown from, kicked, bitten, or trampled by horses. Spectators and participants should be separated. Instructors should be well trained.

Those working with children should have background checks, including criminal record. If special disability programs are conducted, all instructors must be appropriately trained in working with the disabled.

If boarding is provided, enclosures should be secured to prevent escape, with each animal boarded separately to prevent attacks by other animals. Animals can escape and cause automobile accidents along public roads.

There may be environmental impairment exposures from waste polluting the air, land, or water, or underground storage tank exposures from fuels. The racetrack may present an attractive nuisance hazard when not in use.

There must be adequate security to prevent unauthorized entry. Personal injury losses may occur due to alleged assault, discrimination, invasion of privacy, or wrongful removal.

Products liability exposure comes from the sale, rental, use, or repair of riding equipment and the cooking and eating facilities. Employees should be trained in the proper handling of consumables to prevent foreign objects in food, food poisoning, or the spread of other transmissible diseases.

Professional exposures may be high if veterinarian or breeding services are offered. Veterinarians should be well trained, experienced, and properly licensed. Employees must carry out only the procedures they are licensed to handle.

Interns must be carefully supervised. A complete medical history should be obtained for each animal patient, with an ongoing history of inoculations, diseases, injuries, and treatments noted. Owners upset with the outcome or manner of care for their pets may initiate claims for mental anguish.

Workers compensation exposure is very high due to the handling of animals. Workers may be injured by biting, scratching, kicking, or other attack, or exposed to bloodborne pathogens. Large animals, particularly those in pain, may crush or trample workers. All employees must be trained in appropriate restraint techniques.

Problem animals should be clearly identified so that appropriate precautions can be taken. Workers can also incur back injuries or hernia from lifting, foreign objects in the eye, and slips and falls from spills and inadequate housekeeping.

Employees may be exposed to noxious odors from animal waste. If the stable does its own grounds maintenance and chemical applications, workers can be injured by flying objects, cuts, burns, respiratory ailments and contact dermatitis. Cooking operations can cause injury from burns, cuts, slips, trips, and falls.

Property exposures are high. Large barns with few or no firebreaks will burn rapidly should a fire begin. Hay, straw, and feed increase the fuel load. The buildings are often frame construction and are located in rural areas at a distance from the nearest fire department and water supply.

Ignition sources may include electrical wiring for lighting, heating or air conditioning systems, equipment and machinery for grounds and premises maintenance, or flammables such as gas and oil for the equipment and machinery. Electrical fixtures should be dust and moisture proof. All cooking equipment in snack bars must be properly controlled.

Smoking should be prohibited throughout the facility. Poor housekeeping could contribute significantly to a loss.

Temperamental actions of animals may result in damage to the building or personal property. Horses and riding equipment may be a target for theft. Appropriate security controls should be taken. A separate livestock policy or animal mortality policy will be needed to cover owned horses.

Business income loss and extra expense may be high due to the unavailability of backup facilities.

Crime exposures are due to employee dishonesty and money and securities. Background checks should be conducted on all employees handling money. All ordering, billing, and disbursements should be separate job duties. Reconciliation should occur on a regular basis, and internal and external audits should be conducted at least annually.

Inland marine exposure includes accounts receivable if the stable bills for services, computers, contractors' equipment, and valuable papers and records for horses' and suppliers' information. All data should be duplicated and kept off premises for easy restoration.

There is bailees exposure for all equipment and animals left on premises and in the care of the stable. These items should be secured, with the contractual relationship spelled out with customers.

While coverage for owned animals will need to be under a livestock policy or animal mortality policy, coverage for animals belonging to others may require a specialty bailees form.

Commercial auto exposure comes from the transport of horses. Horse trailers can carry one or more horses and require solid knowledge of handling, especially on rural back roads and open roads in windy conditions.

Trailer hitches and trailers should be inspected prior to hauls to check for metal fatigue. Drivers must be experienced and have acceptable MVRs that are checked on a regular basis. Vehicles must be well maintained and records must be retained.

Commercial Insurance And Business Industry Classification

  • SIC CODE: 7997 Membership Sports And Recreation Clubs
  • NAICS CODE: 611620 Sports and Recreation Instruction, 713990 All Other Amusement and Recreation Industries
  • Suggested ISO General Liability Code(s): 40046, 40047, 41664, 47221, 99111
  • Suggested Workers Compensation Code(s): 8279

Description for 7997: Membership Sports And Recreation Clubs

Division I: Services | Major Group 79: Amusement And Recreation Services | Industry Group 799: Miscellaneous Amusement And Recreation

7997 Membership Sports And Recreation Clubs: Sports and recreation clubs which are restricted to use by members and their guests. Country, golf, tennis, yacht, and amateur sports and recreation clubs are included in this industry. Physical fitness facilities are classified in Industry 7991.

  • Aviation clubs, membership
  • Baseball clubs except professional and semiprofessional
  • Bathing beaches, membership
  • Beach clubs, membership
  • Boating clubs, membership
  • Bowling leagues or teams, except professional and semiprofessional
  • Bridge clubs, membership
  • Club, membership: sports and recreation, except physical fitness
  • Country clubs, membership
  • Flying fields maintained by aviation club
  • Football club, except professional and semiprofessional
  • Golf clubs, membership
  • Gun clubs, membership
  • Handball clubs, membership
  • Hockey clubs, except professional and semiprofessional
  • Hunt clubs, membership
  • Racquetball clubs, membership
  • Recreation and sports club, membership: except physical fitness
  • Riding clubs, membership
  • Shooting clubs, membership
  • Soccer clubs, except professional and semiprofessional
  • Sports and recreation clubs, membership: except physical fitness
  • Swimming clubs, membership
  • Tennis clubs, membership
  • Yacht clubs, membership

Riding Stables Insurance - The Bottom Line

To get more information on the specific types of riding stables insurance policies you'll need, how much coverage you should have along with the costs - speak with a reputable agent that is experienced in commercial insurance.

Types Of Small Business Insurance - Requirements & Regulations

Perhaps you have the next great idea for a product or service that you know will appeal to your local area. If you've got a business, you've got risks. Unexpected events and lawsuits can wipe out a business quickly, wasting all the time and money you've invested.

Operating a business is challenging enough without having to worry about suffering a significant financial loss due to unforeseen and unplanned circumstances. Small business insurance can protect your company from some of the more common losses experienced by business owners, such as property damage, business interruption, theft, liability, and employee injury.

Purchasing the appropriate commercial insurance coverage can make the difference between going out of business after a loss or recovering with minimal business interruption and financial impairment to your company's operations.

Small Business Information

Insurance is so important to proper business function that both federal governments and state governments require companies to carry certain types. Thus, being properly insured also helps you protect your company by protecting it from government fines and penalties.

Small Business Insurance Information

In the business world, there are many risks faced by company's every day. The best way that business owners can protect themselves from these perils is by carrying the right insurance coverage.

The The National Association of Insurance Commissioners (NAIC) is the U.S. standard-setting and regulatory support organization. Through the NAIC, state insurance regulators establish standards and best practices, conduct peer review, and coordinate their regulatory oversight.

Commercial insurance is particularly important for small business owners, as they stand to lose a lot more. Should a situation arise - a lawsuit, property damage, theft, etc. - small business owners could end up facing serious financial turmoil.

According to the SBA, having the right insurance plan in place can help you avoid major pitfalls. Your business insurance should offer coverage for all of your assets. It should also include liability and casual coverage.

Types Of Small Business Insurance

Choosing the right type of coverage is absolutely vital. You've got plenty of options. Some you'll need. Some you won't. You should know what's available. Once you look over your options you'll need to conduct a thorough risk assessment. As you evaluate each type of insurance, ask yourself:

  • What type of business am I running?
  • What are common risks associated with this industry?
  • Does this type of insurance cover a situation that could feasibly arise during the normal course of doing business?
  • Does my state require me to carry this type of insurance?
  • Does my lender or do any of my investors require me to carry this type of policy?

A licensed insurance agent or broker in your state can help you determine what kinds of coverages are prudent for your business types. If you find one licensed to sell multiple policies from multiple companies (independent agents) that person can often help you get the best insurance rates, too. Following is some information on some of the most common small business insurance policies:

Business Insurance Policy Type What Is Covered?
General Liability InsuranceWhat is covered under commercial general liability insurance? It steps in to pay claims when you lose a lawsuit with an injured customer, employee, or vendor. The injury could be physical, or it could be a financial loss based on advertising practices.
Workers Compensation InsuranceWhat is covered under workers compensation insurance? This type of insurance protects a business and its owner(s) from claims by employees who suffer a work-related injury, illness or disease. Workers comp typically provides the injured employee with benefits to cover medical expenses, a portion of his/her lost wages, rehabilitation costs if applicable, and permanent partial or permanent total disability.
Product Liability InsuranceWhat is covered under product liability insurance? I pays an injured party's settlement or lawsuit claim arising from a defective product. These are usually caused by design defects, manufacturing defects, or a failure to provide adequate warning or instructions as to how to safely use the product.
Commercial Property InsuranceWhat is covered under business property insurance? General liability policies don't cover damages to your business property. That's what commercial property insurance is for. It protects all of the physical parts of your business: your building, your inventory, and your equipment, giving you the funds you need to replace them in the event of a disaster. If you work from home, you might consider a Home Based Business Insurance policy instead.
Business Owners Policy (BOP)What is covered under a business owners policy (BOP)? This is a policy designed for small, low-risk businesses. It simplifies the basic insurance purchase process by combining general liability policies with business income and commercial property insurance.
Commercial Auto InsuranceWhat is covered under business auto insurance? This type of insurance covers automobiles being used for business purposes. This could include a fleet of business-only vehicles or a single company car. In some cases it might cover your car or your employee's car while they're being used for business. These policies have much higher limits, ensuring you can cover your costs if one of these vehicles gets into an accident.
Commercial Umbrella PoliciesWhat is covered under commercial umbrella insurance? This type of policy is a sort of "gap" insurance. It covers your liability in the event that a court verdict or settlement exceeds your general liability policy limits.
Liquor Liability InsuranceWhat is covered under liquor liability insurance? It covers bodily injury or property damage caused by an intoxicated person who was served liquor by the policy holder.
Professional Liability (Errors & Omissions)What is covered under professional liability insurance? This type of business insurance is also known as malpractice oe E&O. It covers the damages that can arise from major mistakes, especially in high-stakes professions where mistakes can be devastating.
Surety BondWhat is covered under surety bonds? Bonding is a contract where one party, the SURETY (who assures the obligee that the principal can perform the task), guarantees the performance of certain obligations of a second party, the PRINCIPAL (the contractor or business who will perform the contractual obligation), to a third party, the OBLIGEE (the project owner who is the recipient of an obligation).


Who Needs General Liability Insurance? - Virtually every business. A single lawsuit or settlement could bankrupt your business five times over. You might also need this policy to win business. Many companies and government agencies won't do business with your company until you can produce proof that you've obtained one of these policies.

Business Insurance Required by Law
Small Business Commercial Insurance

If you have any employees most states will require you to carry worker's compensation and unemployment insurance. Some states require you to insure yourself even if you are the only employee working in the business.

Your insurance agent can help you check applicable state laws so you can bring your business into compliance.

Other Types Of Small Business Insurance

There are dozens of other, more specialized forms of small business insurance capable of covering specific problems and risks. These forms of insurance include:

  • Business Interruption Insurance
  • Commercial Flood Insurance
  • Contractor's Insurance
  • Cyber Liability
  • Data Breach
  • Directors and Officers
  • Employment Practices Liability
  • Environmental or Pollution Liability
  • Management Liability
  • Sexual Misconduct Liability

Whether you need any or all of these policies will depend on the results of your risk assessment. For example, you probably don't need an environmental or pollution policy if you're running an IT company out of a leased office, but you would need data breach and cyber liability policies to fully protect your business.

Also learn about small business insurance requirements for general liability, business property, commercial auto & workers compensation including small business commercial insurance costs. Call us (855) 767-7828.

Additional Resources For Arts & Recreation Insurance

Read up on small business arts and recreation commercial insurance.


Arts And Recreation Insurance

Commercial insurance policies for arts, entertainment and recreation are specialized policies that protect against the unique risks that arts and recreation businesses face.

Performing artists and companies, entertainers including musical groups, theatre groups, comedians and more, writers, performers, photographers, videographers, DJ's and so many other types.

Professional liability coverage (errors and omissions) is needed in these cases to protect their financial interests due to mistakes, errors or omissions by these professionals in doing their jobs. Fr example - a bride and groom did not like the way their wedding photos turned out.

Or a wedding planner might plan a lavish wedding, but the bride's parents who are paying for it did not like the way it went. There is a lot of gray areas with arts, and you need to be protected if your clients don't agree with you that your work was what the agreed to.

If your business is involved with children, you need to review your coverages very carefully so certain important protections are not excluded. Abuse and molestation insurance might be needed to fully protect yourself in this instance.

Minimum recommended small business insurance coverage: Business Income with Extra Expense, Employee Dishonesty, Money and Securities, Accounts Receivable, Commercial Articles Floater, Computers, Valuable Papers and Records, General Liability, Employee Benefits Liability, Umbrella Liability, Hired and Non-owned Auto Liability & Workers Compensation.

Other commercial insurance policies to consider: Building, Bailees Customers Floater, Money and Securities, Cyber Liability, Employment-related Practices Liability, Business Auto Liability and Physical Damage and Stop Gap Liability.


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