Is your horse operation a business or a hobby? The easiest way to determine whether your operation is a hobby or a business is to start with a few fundamental questions:
It doesn’t matter what the employee is called (agent, partner, independent contractor, etc.), and it doesn’t matter how payment is made to them or how many hours a week they work. But anyone who performs services for another person has now initiated an employer-employee relationship.
Insurance protects horse owners and users against negligence and liability.
A good insurance policy is needed for any horse business to protect from the cost of defending itself in court and to protect from lawsuits. Before purchasing an insurance policy on your horse operation, the following should be considered and be reevaluated each year to determine the value of the policy and what possible risks are to be anticipated:
How to Improve the Safety and Efficiency of Your Equine Facility:
Are you looking for information regarding equine businesses? Need some basic information regarding services, contracts, insurance or liability? Check out the following peer-reviewed articles for business guidance. This information is provided by university experts to help enhance your horse-related businesses, no matter how large or small.
Services and Contracts
How do contracts play a role in my equine business? Contracts are written agreements between two or more parties that are enforceable by law. Whether you are boarding a …
Welcome to the Equine Business Network (EBN), which provides horse-industry professionals with online horse business resources focused on liability, business finance, marketing, and insurance.
You will find peer-reviewed business guidance provided by university experts to enhance your horse-related businesses no matter how large or small.
Become a part of the Equine Business Network to:
Important questions to ask yourself before purchasing a horse:
There are many indications of market saturation due to overproduction and the loss of the slaughter option for unwanted horses. Most horse shelters and rescues are full. University donations of horses are at an all-time high, and most horses are being turned away. Reports of abandoned horses continue to increase along with the cost of production.
Equine Activity Liability Acts (EALA):
These acts prevent an equine activity sponsor, professional, or others from being sued if a participant who engages in an equine activity suffers an injury, death, or damage done from an inherent risk. These laws include exceptions that would allow a claim to proceed if the equine activity sponsor, professional, or others do any of the following: