Many people own race horses as an investment or simply as an enjoyable hobby. The forms of ownership are many – including, but not limited to individuals, partnerships, corporations, etc. These owners face unique liability exposures for injury or damages resulting from the ownership of these horses. As a business exposure, this liability is normally excluded under any personal homeowner insurance the owner(s) may have.
Great American has recognized this need and responded by providing a Race Horse Owners Insurance Policy (RHO) for racing stock owners. The RHO is for racing stock owners that are not directly involved in breeding, training or racing, but instead contract with independent contractors. Certificates of insurance should always be obtained from these independent contractors.