Horse Trailer Dealer Insurance

Horse Trailer Dealer Insurance Guide

What's the best business insurance for your industry?

Large horse trailer parked before loading horses. Find horse trailer dealer insurance.

Business insurance helps small businesses protect their assets when they face or property loss or a lawsuit. If you’re a horse trailer dealer, you face some unique risks that can be addressed with a customized business insurance program.

An independent insurance agent can help you get the horse trailer dealer insurance that you need to protect your livelihood.

Why Do You Need Horse Trailer Dealer Insurance?

Horse trailers are mobile trailers designed specifically to transport horses. If you sell horse trailers, you need horse trailer dealer insurance that protects your business from numerous risks, including the following.

  • Third-party injuries or property damage that occurs on your premises
  • Third-party injuries or property damage that occurs as a result of a product you have sold
  • Damage to your building, inventory, and other commercial property due to some catastrophic or unexpected event (e.g., a fire, smoke damage, a severe weather event, vandalism, etc.)
  • Loss of income due to a catastrophic or unexpected event (e.g., you must temporarily close to repair your dealership and replace damaged or destroyed inventory)
  • Employee theft of cash or inventory
  • Employee lawsuits related to discrimination or other claims
  • Cyber breaches

A comprehensive package of horse trailer dealer insurance policies can help you cover your business when you’re faced with these types of property or liability claims.


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What Does Horse Trailer Dealer Insurance Cover?

You’ll need several types of basic business insurance in order to protect your business. A comprehensive horse trailer dealer insurance program will likely include the following.

  • Commercial general liability (CGL) insurance: Protects you from costs related to bodily injury or property damage that you or your employees cause. CGL policies also cover your defense costs, court costs, and court-ordered judgments that you must pay if you’re sued.
  • Commercial property insurance: This is essential for proprietors who own their buildings or whose business handles a large volume of expensive inventory. Commercial property insurance protects you if a fire, vandalism, smoke, theft, or another type of unexpected event damages your property. It provides coverage for lost inventory, office equipment, computers, and more.
  • Business interruption coverage: Provides for a portion of your lost income and helps you pay for certain ongoing expenses if your business is unable to operate because of a covered property loss.

An independent insurance agent can help you customize these policies for your unique business.

What Is a Business Owners Policy?

You may want to consider a business owners policy (BOP) if you qualify for one. BOPS are designed for small businesses and include liability, property, and business interruption insurance in one affordable package policy.

If you qualify for a BOP, it can provide all three types of coverage for a more affordable price than if you purchase each policy individually.

Why Do You Need Commercial Vehicle Insurance?

Do you deliver horse trailers to your customers? If so, you need commercial auto insurance.

Commercial vehicle insurance covers your company’s vehicles and drivers (cars, SUVs, vans, and trucks) that are damaged or injured in a collision or some other type of event. If you or your employees drive personal vehicles for business purposes, you must have non-owned or hired auto liability coverage to protect your company if an employee causes an accident while driving for your business.


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What Is Product Liability Insurance?

The products that you sell can be dangerous to other vehicles, pedestrians, bystanders, and all kinds of personal property. If a horse trailer that you sell is faulty and leads to injury or death of a driver, a passenger, or a bystander, your business could be financially responsible.

Any company that participated in bringing the faulty product to market, including the retailer, can be included in a lawsuit and held liable for damage to the user. Product liability insurance covers a business’s financial responsibility for losses or injuries to a user, buyer, or bystander caused by a defect or malfunction of a product. In some instances, product liability insurance may also cover the manufacturer or seller of the product for defective design and failing to warn a buyer of a particular danger.

Your CGL policy or BOP might cover some product liability claims, but that coverage may be limited and insufficient for your needs. Your independent insurance agent can help you determine if you need additional product liability coverage.

What Is Employee Theft and Crime Coverage?

Employee theft and crime coverage can protect your businesses from the costs of theft, dishonesty, and fraudulent acts committed by an individual employee or a group of employees. While it may be difficult for you to imagine, employees all too often steal property, money, and securities owned by their employers.

Employee dishonesty coverage can be purchased as a stand-alone policy or as an endorsement on other business insurance policies. A basic stand-alone employee theft and crime policy provides coverage for forgery, alteration, theft, unauthorized electronic funds transfers, credit card fraud, computer fraud, money order fraud, and counterfeit fraud. You can also add endorsements for additional coverage.

What Other Horse Trailer Dealer Insurance Policies Do You Need?

In addition to the coverage described above, you may want to consider some of the following types of insurance coverage for your business.

Whether or not you need these types of coverage depends upon your specific business needs. A local agent can help you decide which policies are best for you.

How Much Does Horse Trailer Dealer Insurance Cost?

The cost of your horse trailer dealer insurance is hard to predict. Your costs are based on factors that make your business unique, such as the location, size, and number of employees that you have.

In general, the types and amounts of coverage that you need to adequately protect your business will determine your business insurance costs.


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Benefits of an Independent Agent

An independent insurance agent who has experience working with horse trailer dealers and other similar businesses can help you decide the types and amounts of coverage that you need for your business. The choices you make will determine your cost of coverage.

Independent agents can work with numerous, reputable insurance companies who specialize in your type of business. Together you can review a variety of proposals and choose the best mix of coverage that meets your needs and budget.

What’s more, your agent will be there for you when claim time comes. They know the ins and outs of the process and will make sure your claim is handled appropriately.

Find and Compare Quotes for Horse Trailer Dealer Insurance

Instead of getting an online quote, find an independent insurance agent now, and get one-on-one consultation and affordable options for the best coverage for your unique needs.

Your agent will work with you free of charge to get quotes from multiple insurance companies so you can make the best choice.

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