If you own an equine farm, there can be a lot of risks involved. The right coverage can help you avoid financial loss or worse. Your Tennessee business insurance will include protection for your equine operation.

Fortunately, a Tennessee independent insurance agent has access to several carriers so that you get the best coverage and price. They do the shopping for you at no additional cost. Get connected with a local adviser for quotes. 

What Does Equine Insurance Cover in Tennessee?

In Tennessee, equine insurance comes in several forms. Since every farm operation is unique, yours will look different from anyone else's. Coverage is tailored to each entity, but there are basic policies that most will obtain.

What your equine insurance generally covers:

• Accidents: This can be anything from coverage for electrocution, fire, or smoke, to loading and unloading of livestock.
• Natural disasters: Volcanic eruptions and sinkholes are covered. Typically floods and earthquakes are covered under separate policies.
• Weather events: Lightning, wind, hail, tornadoes, and more.
• Crimes and civil unrest: This is for theft and vandalism of livestock.

What Doesn't Equine Insurance Cover in Tennessee?

Equine insurance will come with a list of exclusions similar to your other policies. It's essential to know what your insurance might not cover.

Coverage that could be added but does not come standard on your policy:

• Accidental shooting
• Drowning
• Attack by wild animals
• The collapse of a building on livestock

What your equine insurance will exclude:

• Old age
• Death by natural causes
• Disease

If your horses come down with a disease, it could take out your whole farm. Take a look at the numbers below as they pertain to horses:

Equine infectious anemia cases in the US

If you have a general knowledge of what is and isn't covered under your policies, then you're ahead of the game. It's key to know the difference between policy types, so you're aware of which one fits your farm better. 

Equine vs. Horse Farm Insurance in Tennessee

If you own and operate a farm with horses, you'll need equine insurance. Some equine centers will have different offerings than others, making them separate from a standard horse farm. It will all come down to your operations and what you're doing with the horses. The primary item you'll want coverage for is the horses themselves. There are three ways to cover your horses and other farm equipment:

• Individual horse coverage: This insurance usually covers higher-value animals on an individual basis. According to some identifying marker or description, the animals are listed on the policy and covered for a specific dollar amount.
• Blanket coverage: This type of policy allows you to insure all your farm property for a predetermined value. It includes structures, equipment, tools, and livestock.
• Horse/ herd coverage: This is the simplest and most prevalent type of insurance for livestock. This coverage allows you to insure a specific number of animals.

Does Tennessee Equine Insurance Cover Anything Other Than Horses?

Your Tennessee equine coverage will come with a variety of policy options. Some coverage will be for the horses and herds themselves, and others will be for the liability and equipment that comes with running a farm. It's good practice to know how your equine insurance works as a whole. Take a look at some risks that need covering below:

Risk factors your agent needs to know:

• Your herd's specifics: You'll need to cover the risks that are specific to your herd. Horses will have different needs than cattle, and so on.
• What your livestock is worth: This is the value you can get in the marketplace for your livestock. You are covering the risk of the replacement cost if something happened to them.
• What preemptive protection you have in place: Carriers will want to know how you are proactive. This includes if you are accounting for the risk of predators by having fencing, and more. 

Is Equine Insurance Necessary in Tennessee, and Which Coverage Options Can Be Added?

Equine insurance in Tennessee is necessary if you want to avoid financial ruin. If you offer equine services, then you are taking on a lot of risks. When you are in the business of selling horses or offering riding lessons as one of your sources of income, you could have some major exposures. Check out the numbers below:

US farm income from livestock and products (in 1,000 US dollars)

Your equine insurance can have limits added for better overall protection. Take a look at some additional coverage options for your equine farm in Tennessee:

• Commercial umbrella insurance: This policy can be obtained for additional liability coverage above and beyond your underlying limits. 
• Inland marine insurance for farm equipment: This can be added to the policy for a farm that uses equipment, tractors, and more for tending to the farm.
• Extended liability limits: You can increase your underlying liability limits for added coverage.

How to Obtain Equine Insurance in Tennessee

When you operate an equine center in Tennessee, you'll have to account for several exposures. Many coverages are necessary to be adequately protected. Fortunately, a trusted adviser can help with equine insurance. 

A Tennessee independent insurance agent has access to multiple markets so that you can save. They do the shopping on your behalf for free. Get connected with a local expert on TrustedChoice for custom quotes today.