Member Benefit - Third Party Liability Cover
Third-party insurance cover is included as standard within membership of the TBA. This sales season has seen a number of enquiries as to what is and what is not covered, Olivia Curl from Lycetts answers your questions.
I am a TBA member with three homebred foals going to the sales, are all three covered?
If you are operating as an individual for no commercial gain ie this is a personal entity and you breed/race for yourself then the public liability cover would respond if there was an accident where one of the foals caused damage to a third party persons or property.
What happens if my foal/horse suffers injury or illness at the sales?
This is not included within the TBA membership policy but a separate Bloodstock policy with Lycetts provides cover is for all risks mortality including destruction on humane grounds. In addition, Lycetts can provide and extension for life-saving surgical fees. There is cover available within the thoroughbred insurance market for non-surgical or non-emergency veterinary fees.
My horse has kicked the farrier and he cannot work, am I covered?
Yes, if the horse is for your own personal use as a broodmare or a foal, or a horse in training, then should a claim be brought against you then the policy would respond to defend or pay a claim.
I am a TBA member with three horses going to the sales that have been boarding on my property, are they covered should an accident occur?
If you have horses owned by a third party that are paying to be at your property then you should have a commercial policy in place.
Am I covered if selling in Ireland or France?
If you are an individual who has sent a horse to be sold in Ireland or France then as long as the horse is out there on a temporary basis you are covered for public liability. However, if you are running a commercial breeding operation a commercial policy would be required.
I am a TBA member based in the Republic of Ireland and am selling my horse in Britain, am I covered if there is an accident on the way?
In respect of the third-party liability there is no cover in place for those permanently domiciled in the Republic of Ireland and a policy placed in the Republic of Ireland should be put in place. In respect of mortality cover, this would be a separate bloodstock policy arranged by Lycetts.
I am in a small syndicate with my family however I am the only person with a TBA membership. How does the insurance work?
The syndicate should have its own liability in place which would offer joint and several liability cover for the syndicate members
What do you mean by ‘Business’?
The ownership, or part ownership, or lease of horse or horses recognised as thoroughbred breeding stock and or young stock and or stallions and or stallion shares and or thoroughbreds retired from breeding and or racing.
To discuss bloodstock cover further please contact [email protected] and for all queries in respect of liability or property cover [email protected]
