Protect Yourself Against Liability Issues
While the general public is more lawsuit happy than ever before, many farriers still aren’t carrying liability insurance.
While this should be “must” insurance coverage, only 46% of full-time and 30% of part-time farriers have invested in this type of coverage. Without liability coverage, a costly lawsuit could wipe out not only a farrier’s business, but also his or her personal and family investments.
When it comes to disability insurance that can protect your income while being injured, only 26% of full-time farriers carry disability insurance followed by 37% of part-time farriers.
— 2018 American Farriers Journal Farrier Benchmark Study
Do You Have a Website for Your Hoof-Care Business?
|Options||% of Farriers|
|Not at this time, but eventually will||19%|
— 2015 American Farriers Journal reader poll
Friday's Farrier Facts & Figures is brought to you by Markel Insurance.
Markel Corporation (NYSE – MKL) is a holding company for insurance, reinsurance, and investment operations around the world. Headquartered in Richmond, Virginia and founded in 1930, Markel reports its ongoing underwriting operations in three segments, and products originate from four insurance divisions and one reinsurance division. Markel Ventures, a subsidiary that makes strategic investments in companies outside of the insurance marketplace, is another important component of our business.
In each of our businesses, we seek to deliver innovative products and responsive customer service so that we can be a market leader. Our time horizon is long-term, our underwriting approach is disciplined, and our focus is on continuously improving the quality of the customer experience. Our financial goals are to earn consistent underwriting and operating profits and to combine those profits with superior investment returns to build shareholder value.