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.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición April 06 2017 de Horse & Hound.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
Gemirande provides 24-carat magic
Venetia Williams sparkles again in the December Gold Cup and jockey brothers dead-heat
‘Happy hunting, everyone'
“The season for talks, dinners and parties has finally arrived for Tessa Waugh, whose distress about the snags of middle age fades away with some rousing festive spirits
'Monaco deserved this victory
Seemingly destined always to play the bridesmaid’s role, Harrie Smolders’ great partner Monaco finally tops an incidentpacked Rolex grand prix
'It had to end sometime'
The closure of beloved Hampshire saddlery Calcutt Sons is a loss to the hunting and wider equestrian worlds, as Octavia Pollock reports
'You couldn't want for more
The Ludlow's peaceful country makes for a day in \"hunting paradise\"
The greatest gift of all
Christmas is fast approaching and while we all like a bit of tinsel, the festive season is also a perfect time for giving to a horse charity. Niki Hinman finds out some of the options
Winter him well
A horse's winter routine can differ dramatically from his summer structure but what’s the knock-on effect? Ellie Hughes asks vets how to optimise routine management for the season
Neat feet
Excellent hoof care is a year-round concern but the winter months present their own problems. Richard Stephenson MRCVS explains the seasonal challenges afoot and how to stay one step ahead
In bygone days
Modern vets have much scientific knowledge behind them, but what about their forebears? Kieran O’Brien MRCVS opens up the world of Victorian vets in London
'When I joined the Pony Club it was just two boys and 48 girls'
Pepsi Kohler on being delightfully outnumbered by girls in the Pony Club, a leg-up from a royal and the H&H advert that changed his life
