Horses and money

Also don't forget the liability of having a horse on your property that you don't own. Be very familiar with the equine/livestock laws in your state. See what you need contract wise to protect you, your property and your rights.

For example: I bring a horse to your place for training. Somehow the horse breaks his leg and must be put down. In this case how does your contract protect you? Are you liable for the replacement price of the horse? How will this amount be determined? Can I sue you for the possible future earnings?

Or say my horse escapes and gets hit by a car and is killed. Not only do you have to contend with a dead horse (and me, the owner) you will have to deal with the liability of the people involved in an accident. And you better hope nobody died in said accident as you may be liable for manslaughter in some states.

Another scenario you might have is my horse kicks you in the head and paralyses you for life. What does your contract state in a case like this? Can you sue me? Who is responsible for your medical bills?

What happens if my horse kicks somebody else in the head and severely injures that person?

This brings up another question. What kind of insurance do you have? This is what breaks most equine facilities. The cost of proper insurance puts them out of business. And those who chose to operate without insurance either have purty darn good contracts (don't forget the lawyer's fee to create those contracts) or risk losing everything if an accident should occur.

Years ago I spoke with John Lyons about the risks of being a horse trainer and what he found most difficult during his career. He had come to a clinic I was working at and was needing medicine for his App. stallion. At first, one of his assistants came into our tiny overworked clinic. The receptionist didn't have a clue what the person wanted. The assistant got mighty huffy right quick so all ears were on the pair conversing at the window. When I learned what was needed I realized I had what was needed out in my truck which I had just happened to drive to work that day. I volunteered to share what I had and would go to my truck to get it.

Imagine my surprise when John Lyons followed me to my truck. Now my old dually looked like it had gone through hell and back. Flaking paint, cracked windshield, massive dent to right front fender where a bull had attacked it. Dear God, I was so embarrassed this world famous trainer had to see this apparition parked out back. But dang if he didn't break out into a grin and gave the truck a gentle pat.

"I bet this truck has some stories," he declared in a friendly tone and his grin widened as he noted the huge dent. "Bull?"

"Yep," I said. Lord, I was nervous meeting someone like him. But dang if he wasn't friendly. He accepted the medicine and continued to chat in his soft voice and pretty soon I was calm enough to chat back. What I remember the most is his friendly attitude and the advice he gave me: The hardest part about training horses are the people who own them.

And this is the lesson I've learned when dealing with all kinds of animals: Never forget the person behind the pet/horse/cow/emu/chicken. No matter what you do you must have good people skills. The most successful veterinarians I've seen didn't really have good vet skills but they knew how to relate to people.

Since you are having a difficult time finding on-hand experience go to the written word. Get books, go online and start reading. Use your computer/phone to contact people who have breeding barns to ask knowledgeable questions Learn everything you can. Once you gain some knowledge maybe you can approach a place that will need your particular skill-I cleaned many, many stalls at an equine rescue. I hand-walked many a sick horse that needed a gentle hand.

Well, I've said enough for now. Got horses to feed, chickens to tend to. Hope this helps you on your way.
 
Well I wouldn't know where to start with liability and insurance, no one around here does that. Of course if something happened to someone's horse on my property I would pay them for what the horse was worth, but beyond that I don't know. Most people around here won't even do that much for you.
 
Well I wouldn't know where to start with liability and insurance, no one around here does that.


I'll bet every 'reputable' stable and training facility does just that and has insurance, that is if they actually value their assets and don't want to be left homeless and bankrupt... Call you local farm bureau and have them put you in contact with insurance agents and companies that specialize in horse based liability insurance...

The first time an animal or person gets injured or sick in your care and you and/or the property owner get sued, it won't be pretty even if you have insurance...

I live in Illinois and the only reason the horse riding and training industry even has a chance to survive is that the state passed laws limiting liability, but even with those laws the insurance and lawsuits is still a costly drag on the industry putting many out of business...

There are millions of horses up for sale whose owners state:  "Just don't have time for my horse anymore."  It's really sad.


Over and above people trying to sell them for cheap in my area there is no shortage of people 'begging' someone to take their FREE 'don't have time for horse'... There are literally free horse ads on Craigslist weekly...

There is also no shortage of 'ooops' please take my 'with foal' horse...
 
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Well I wouldn't know where to start with liability and insurance, no one around here does that. Of course if something happened to someone's horse on my property I would pay them for what the horse was worth, but beyond that I don't know. Most people around here won't even do that much for you.
But how do you figure what the horse is worth? There are many many factors involved. Some areas you only have to pay the "average" price in your area. Others you have to pay what they paid for the animal. You might also have to reimburse for training and expenses to get a new horse to the level that the lost animal was at. Just because many won't willingly offer it doesn't mean that they aren't legally liable and could be sued.

Going again to dogs, replacement purchase price for a puppy of similar bloodlines to my dog is $1200. But he is a stud dog, so you would also be liable for lost earnings ($700/breeding) for at least another 4-5 years. Then I could also sue for the multiple titles that he has, the training I've put into him, etc etc.

In the case of someone who is injured, you could be looking at medical bills in the hundreds of thousands. And then you would have the legal fees on top of that.
 
I'll bet every 'reputable' stable and training facility does just that and has insurance



Of course that's not THAT small, but there aren't any boarding/training facilities near by. The closest town that's actually pretty big is about an hour or so from me, but they don't have much in the way of horse stuff. Not a lot of people around here are gonna take horses to a high dollar boarding facility or trainer when most people have their own land or can pasture board for a couple hundred dollars a month and there's plenty of local trainers (as in people like me who have taught themselves).

When I say all the trainers or people who give lessons around here are just like me and have learned things themselves/from their parents, I mean literally all of them are that way.


Well, I'm not going to keep repeating myself.
And I'm not saying that I'm just never going to look into it, but for the time being I'm going to leave things how they are. For this month I have two horses to work that should be fairly easy, both of their owners are super reasonable and sweet. One of the horses cut themselves her second day here (that's the one the vet charged me $60 to just look at) (this horse is also in an area that is fenced in only pipe fence, btw) I informed her owner and told her not to worry about paying the bill and that I already had it covered but she paid me back anyways. Now I realize that that's not always how it is. But right now I'm working with very reasonable people, and the people around here who aren't willing to pay more than $100 dollars to have their horses trained aren't going to go through all the trouble of hiring a lawyer and sueing. People in this area would be way more interested in just tying to drag your name through the mud. As of right now I would pay them for the horse, even if they think the horse is worth more than it really is, I don't want to have issues with someone, and I'd reimburse them for training as well. No it's not the best plan, but it will work for the time being and it's already a better than what most people offer here.
 
Remember that if someone or something gets hurt or injured on your property and they have a solid case (in most cases they will), YOU will be paying their court and lawyer fees. Not only are you at risk, but your property and your grandparents are at risk as well.

Operating a horse business (any business really) without insurance is risky business. It's something I would urge you to at least look into. Some things are worth doing right the first time...especially when one mistake could cost you your future.

We are not trying to be mean, I promise you. Sometimes it's hard to see the risks of something when we are excited about a new venture. A lot of the people have a lot of experience and I have learned a ton over the years.
 
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Remember that if someone or something gets hurt or injured on your property and they have a solid case (in most cases they will), YOU will be paying their court and lawyer fees. Not only are you at risk, but your property and your grandparents are at risk as well.

Operating a horse business (any business really) without insurance is risky business. It's something I would urge you to at least look into. Some things are worth doing right the first time...especially when one mistake could cost you your future.


x2 in addition to you future, it could also cost your grandparents their future and even their farm...

I know you keep repeating that your clients are all 'reasonable' and would never sue, but repeating it does not make it so, it only takes one exception or change of heart...
 
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