What Does Your Commercial Equine Insurance Give You?

The Basic Insurance Types

Property Insurance & Commercial Auto Insurance
What it does: Protects the named insured’s property and/or vehicles, from buildings to machinery and tack.

How it is sold: Property insurance can be packaged with a commercial general liability policy. Commercial auto policies are typically purchased on a stand-alone basis.

Once you’ve protected your business against liability claims, the next important type of insurance to consider is protection against loss of your business property. “You’ll want to include insurance against fire, lightning, wind and theft,” DeTurk added.

Again, you need to specify the property covered on the application. A policy might cover the barn if it burns down, but not the tractor and/or tack inside it that burns with it, if they’re not declared on the policy.

In addition, DeTurk continued, “If you own a business auto, you’ll need business auto insurance. A personal auto insurance policy might not cover a vehicle used for business.”