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Q15) What is Professional Errors and Omissions Liability Insurance?
This form of insurance covers the insured in the event that the insured makes
an error or omission. If a riding student falls from her horse during a lesson
and breaks her arm, she might blame the instructor. This insurance would cover
the instructor in that situation - but not in the event that the student's horse
becomes injured. In order to be covered in that situation, the instructor would
need additional insurance in the form of a "Custody, Care, and
Control" policy.
Owners of stables, horse trainers, instructors, and owners of breeding farms
all need this sort of insurance coverage: a commercial equine liability policy.
Care, Custody, and Control Insurance covers the horses that are not owned by the
facility, and pays in the event of their injury or death. This protects stable
owners, trainers, and instructors in the event that something happens to an
animal in their care. A liability policy should also provide legal defense costs
in the event that the individual is involved in a claim or lawsuit.
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