Why Insurance? Why Now? Taking risks is a natural part of training and caring for large animals. Not long ago, the risks inherent in the horse business were better understood because more people depended on horses for daily needs. Today, however, there are many individuals participating in equine activities who lack the skills and knowledge to avoid dangerous situations with horses. If they do sustain an injury or loss, they tend to assign blame to a third party. Additional factors driving the need for equine insurance include:There are more horses and riders in closer quarters, resulting in crowding. The likelihood of an injury or loss is substantially greater. Many riders pay others to take care of their horses and they spend less time in the saddle than they used to, resulting in diminishing skills and knowledge in the population of equine participants. The value of horses, personal property, and equine-related services has risen exponentially in the last 25 years. Because they represent a substantial investment of resources, loss or damage to them far more significant than it used to be. The cost of litigation is skyrocketing and more claims are made every year, following a general social tendency to assign blame to others following an injury or damage. Choosing an Agent To learn how to protect your farm from over-exposure to equine liability risks, consult a licensed equine insurance specialist. What characteristics are desirable in an equine insurance agent? When possible, choose an agent who:Is recommended by other horse and farm owners. Educates you on the fundamentals of equine risk and protection. Is close enough to visit you and your farm in person. Owns and understands horses. Is an active participant in insurance organizations and keeps up with changes in the business. Recommends solutions to problems you may have in obtaining adequate coverage. Offers ways to minimize your exposure to risks and lower premium costs. Quelle "Why Insurance? Why Now?" : General Main page for "Why Insurance? Why Now?"