Who needs it? Why and when?
||I run training and boarding business from my barn and also give lessons to non-boarders. What type of coverages do I need to be fully protected?
|A:||Realize that first party property insurance (outlined below) covers property that belongs to you, or for which you have an “insurable interest”. Ask/consider the following:
Do you own the barn/property?
If yes, make sure it is fully insured (includes home, barn, arena, outbuildings, personal property inside each building).
What property limits of insurance are needed?
Do you lease your barn from another person?
Who else uses your facility?
In order to fully protect your business, you must make sure any outside trainers teaching lessons from your barn have their own liability coverage that would address injuries sustained by their students.
The information provided in this article is intended for general informational purposes only and should not be considered as all encompassing, or suitable for all situations, conditions, and environments. Please contact us or your attorney if you have any questions.