A change in the law means a big increase is coming in the price of any policy with an element of liability cover.
LIVERY yards, riding schools and other equestrian business, as well as some horse owners, are among those set to experience a huge rise in insurance premiums due to a change in the law.
The Odgen discount rate, a calculation used to work out the lump sum payment of compensation to those left with “life-changing” injuries, has been cut from 2.75% to -0.75%.
The cut came into effect on 20 March. The government has said the discount was “inappropriate” as interest rates have decreased and payouts are therefore not adequate.
This has come as a shock to the insurance industry, and is expected to cost it millions.
Esta historia es de la edición April 06 2017 de Horse & Hound.
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Esta historia es de la edición April 06 2017 de Horse & Hound.
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'Sorry, but I wasn't feeling it'
Fresh from the opening meet, Tessa Waugh hasn't quite yet been bitten by the hunting bug. Without the crisp autumnal air and cheek-pinching cold she hoped for, it's a sluggish start
New pair pull off a win
A former European Championships pony is on form with his new rider, while elsewhere former showjumpers and eventers take ribbons
Lording it over the rest
Horses who have returned from injury, a second generation homebred and a long format specialist score on the final weekend of the British season
Smith hits flying form
A \"her way or no way\" mare helps Zoe Smith to an impressive ribbon haul and a rider beats his own boss to the top spot
Jankorado hits the jackpot
Paul Sims is triumphant despite his interrupted jump-off preparation and a borrowed horse comes up trumps
Peanut
From \"dangerous, scary\" to hedge-hopping brilliance, hunting has been the making of this unstable but very lovable equine character
She's a corker
Communication, says long-standing and highly respected Belvoir master Lady Sarah McCorquodale, is the key to all, as Catherine Austen discovers
Access all areas Cavalier Centre
The Cavalier Centre is a fully accessible, state-of-the-art equestrian centre designed to improve lives through horse-based activities. Ellie May Forrester pays a visit
'Use it or lose it'
Not everyone wants to reach for the pipe and slippers at a certain age. Becky Murray speaks to some veteran horse-and-rider combos for their secrets of human and equine longevity
A new way forward
Worm control in horses is vital, but established methods will not remain effective for much longer. Tim Mair FRCVS explains why and how we need to change
