I am seeking some advice on a few scenarios we are currently facing in my operation.
- I lease the barn and property where my horses are kept
- I am the primary caretaker
- I have one part time employee
- I have an adult that comes out to hack out a few of the schooled show horses a few times a week
What do you do to cover yourself as far as liability is concerned?
Do you carry an umbrella policy, renters insurance?
Should the owner of the property carry some sort of insurance?
I know that hold harmless agreements are a given for those that are riding/involved in equine activity on the property, however whose name do you put there: the land owner's or the leasee?
I know so many qusetions- but I want to make sure I am handling all aspects as I should and I want the land owner to feel at ease with what activity happens on the leased property.
You most certainly should have liability, care custody and control if you any of the horses are not owned by you, coverage for riders and employees. The owner of the property should be a named insured on your policy and you should furnish them with an insurance certificate. I'm not sure about the renter's insurance, but you definitely need to cover your equipment and tack.
I would think the hold harmless should include both you and the land owner, but I would make sure a lawyer reviewed your liability release and your insurance. This is one of the cases where you can pay a little now or a lot later.
Let's face it. People will sue anyone they can. You have to have both the hold harmless and the insurance to cover your butt.
We use Farm Bureau in Kentucky. Best price and they know what they're talking about.