Many people own race horses as an investment or simply as an enjoyable hobby. The forms of ownership are many, including, but not limited to, individuals, partnerships, corporations, etc. These owners face unique liability exposures for injury or damage resulting from the ownership of race horses. As a business exposure, this liability is normally excluded under any personal homeowner insurance the owner(s) may have.
Our carriers provide a Race Horse Owner's Liability Insurance Policy (RHOL) for racing stock owners that are not directly involved in breeding horses, training horses, or racing horses, but contract with independent contractors. Certificates of insurance should always be obtained from these independent contractors.
Should a person be injured or property damaged as a result of your horse's racing activities, our carriers will, subject to policy exclusions, defend you in court and pay claims for which you are legally liable. Policy limits are available up to $5,000,000.
The coverages described above are summarized and subject to the terms, conditions and exclusions printed in the policy. Refer to the policy form for specifics on coverages and limits. Also, all coverages are subject to state law, which may vary materially from stated information.