|[December 06, 2013]
A.M. BestTV: Horse Hazards: Mitigating Risk Down on the Farm
OLDWICK, N.J. --(Business Wire)--
This episode of A.M. BestTV looks at the risky business of owning a
horse farm. Whether it is fire, disease or the unpredictable nature of
horses, equine insurers and horse farm operators say risk enters into
every aspect of the business. Susan Nanejian, an equine insurance agent
at Blue Bridle Insurance Agency with 20 years of experience in
agriculture business, called horse farms a "high risk environment."
Perhaps the biggest risk, said Nancy Hudock, team manager at Blue
Bridle, located in Pittstown, N.J., comes from contact with general
public. Additionally, hay storage, she said, creates significant fire
hazards. The two said that the specialty coverage typically incorporates
protection for barns, tack (equipment such as saddles and bridles) and
machinery, along with care coverage for when horses travel to shows,
veterinarians or to a new home. Premium costs, which also factor in
insuring the horse itself, can add up depending on the size of the farm
and services. As Linda Dietz, owner of Red Tail Farm in Bedminster,
N.J., noted, "I'm insured for everything." Cick on www.ambest.com/v.asp?v=horsefarm1213
to view the video program.
People who appear in this episode include:
Nancy Hudock, Team Manager, Blue Bridle Insurance Agency;
Susan Nanejian, Equine Insurance Agent, Blue Bridle Insurance Agency;
Linda Dietz, Owner, Red Tail Farm.
A.M. Best covers exclusive A.M. Best Co. information and reports,
targeted topics and key developments in the (re)insurance industry every
Monday, Wednesday and Friday. Sign up for alerts of episodes at http://www.ambest.com/multimedia/ambtvsignup.html.
View A.M. BestTV episodes at www.ambest.tv.
A.M. Best Company is the world's oldest and most authoritative
insurance rating and information source. For more information, visit www.ambest.com.
Copyright © 2013 by A.M. Best Company, Inc. ALL RIGHTS
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