There are many horses these days that provide an income and/or livelihood for many people throughout the world. This could be via racing, competing in events like dressage, showjumping and cross country, polo ponies, stallions at stud and many more.
Consequently the need to insure against loss is rising and there are many insurance companies around that provide insurance in case of loss.
Consider you had a stallion that stood for $40,000 over the stud season and he covered a book of 100 mares. This is a $4,000,000 income over the space of about six months. If your stallion shuttled and bred in both hemispheres this income would double for the year. Now if your stallion is earning you millions a year, surely you’d want to insure against that loss.
If you have an interest in figures, horses and protecting people’s livelihood in regards to these gorgeous animals, perhaps bloodstock insurance is something worth looking into. A background in business, finance and insurance would help you to break into this industry.
”Studies show that the chance of claiming on a horse is 28 times greater than claiming on a house insurance policy.”
On the other side of things, you may want insurance to protect the property/business where your equine is kept.
http://www.fittonins.com.au/bloodstock.htm – Fittons Bloodstock Insurance
http://www.logans.com.au/ – Australian Horse Insurance Specialists
http://www.starhinsurance.com/ – East Coast and Texas offices
http://www.equipage.co.za/ – Equine Insurance in South Africa
http://www.petplanequine.co.uk/ – Horse insurance in the UK
“Horseperson’s Glossary… Rasp: Abrasive metal tool used to remove excess skin from knuckles.”