The voice of the farrier.
SMALL FIRMS THREATENED BY ROCKETING INSURANCE COSTS
The current crisis in the insurance market is causing enormous problems
for small businesses, as insurance premiums rocket and cover becomes hard
UKHSU insurance adviser John Cooke reports that there are great difficulties in providing economical policies for farriers at the present time. The reason appears to be that Insurance Companies are scared of the possibility of large claims involving valuable horses, despite these being a very rare and unlikely occurence.
The Company that has been running the Smithmaster scheme, the giant Zurich Group, has withdrawn and will no longer be offering the policies. Existing policies are being honoured. John Cooke is working to find an alternative. At the present time only the Eastlake and Beachell Forgemaster scheme can provide farriers with suitable business insurance cover.
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