Why Do You Need Horse Carriage Insurance?

It doesn’t matter what kind of business you have – it is important to carry insurance. Horse carriage businesses are no exception and are actually considered a high-risk business due to the inherent nature of it. It is very important to carry horse carriage insurance to protect your business from massive financial losses. Let’s take a look at the importance of insurance for your horse carriage company.

What is Horse Carriage Insurance?

It is important to understand that horse carriage insurance for businesses is different than animals and equipment covered under your homeowner’s policy. Insurance for your carriage services is a separate policy and works much like any other commercial insurance. The liability insurance you carry should cover the business financially in the unfortunate event that any of your guests sustain an injury or their property becomes damaged. This will protect you in the case that your guests decide to file a lawsuit.

Why Do You Need to Carry Horse Carriage Insurance?

The bottom line is if you own a horse carriage business, you need to carry liability insurance for horse carriage rides. You trust your drivers, your horses are bombproof, and you have well-maintained carriages but your business is still at risk from factors and events that are out of your control. For instance:

• Careless drivers (Despite your best checks, bad hires happen)
• Driver error (Everyone is human. Even the best drivers can make mistakes.)
• Horses are unpredictable (Even the most well-trained horses can have their moments)
• Environmental factors (For instance a loud noise can cause a horse to spook)
• Carriage malfunctions
• Guest error

This is by no means an exhaustive list of liability issues that your carriage business could potentially face. Despite your best efforts, it is impossible to 100% eliminate all risk and liability from your business. It is not a matter of if you need insurance, but rather when you will need it and wish you had it.

The Facts Speak for Themselves

According to ABC News, a couple sued a carriage company in Charleston for negligence after a horse carriage accident. The couple claimed they were seriously injured. The driver of the carriage recalled the incident differently and states that the couple failed to follow instructions which led to further injury. The case ended up going to court.

In 2018, a horse carriage accident in Indiana in which the horse carriage was struck by a vehicle resulted in multiple lawsuits being filed by the parties involved.

These are just two examples of numerous lawsuits filed each year against horse carriage companies. Often times, each side has a different story to tell and it ends up being one party’s word against the other’s along with the account of any bypassers who ended up being at the right place at the right time to witness the incident.

Choosing the Right Coverage

When it comes to protecting your horse carriage business, you need to work with an insurance partner who understands your needs and has your back not only through the good times but during the bad as well. XINSURANCE has over 40 years of experience in bringing you custom insurance solutions to fit your particular needs. Your knowledgeable agent will review your operation and level of experience when determining the appropriate coverage for your business. Even if your business is high risk or does not have a stellar history when it comes to incidents, our team is here to provide you with the coverage you need.

It is important to get the coverage you need before you actually need it. Once an incident occurs it is too late. The financial loss can be devastating to your business and even lead to a loss of your business. This can be avoided by getting the coverage you need now and enjoying the peace of mind of knowing you are covered. Contact us today to get in touch with a representative who can help protect your horse carriage business.

Authored by Rick J. Lindsey, President, Chairman, and CEO of XINSURANCE

Rick J. Lindsey hails from Salt Lake City, Utah. He began working in the mailroom of his father’s Salt Lake City insurance firm, getting his introduction to the business that became his lifelong career. Rick J. Lindsey quickly rose through the ranks while working in nearly every imaginable insurance industry job. As an entrepreneur, specialty lines underwriter, claims specialist, risk manager, and a licensed surplus lines broker, Rick J. Lindsey is highly skilled in all levels of leadership and execution. As he progressed on his career path, Rick J. Lindsey discovered an urgent need for insurers willing to write policies for high-risk individuals and businesses. He was frequently frustrated that he could not provide the liability protection these entities desperately needed to safeguard their assets. He also formed the belief that insurance companies acted too quickly to settle frivolous claims. Rick J. Lindsey decided to try a different approach. He started an insurance company and became the newly formed entity’s CEO. This opportunity has enabled Rick J. Lindsey to fill a void in the market and provide a valuable service to businesses, individuals, and insurance agents who write high-risk business. XINSURANCE also specializes in helping individuals and businesses who live a lifestyle or participate in activities that make them difficult for traditional carriers to insure. If you’ve been denied, non-renewed, or canceled coverage, don’t give up quite yet. Chances are XINSURANCE can help.