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Stallion Loss of Income Insurance
9th July 2006
BREEDING SEASON - STALLION LOSS OF INCOME INSURANCE
Every season we have cases of stallions who either die or have a temporary lapse in their work. We therefore thoroughly recommend stallion “income protection insurance” in that it provides compensation against income lost as a result of the stallion being unable to complete his stud duties in the 2006 breeding season.
The sum insured is based on:
- the number of mares expected to be nominated during the stud season
- the stallion’s service fee
- fertility percentage
The basis of any claim is the quantifiable lost income, taking into account any income from mares covered prior to the stallion being out of action.
A likely scenario to which this type of insurance would apply; - if the stallion died or had a temporary injury or illness. The recuperation period, or death, would severely interrupt his stud duties. Income from booked mares would be lost.
For further information on this rather unique insurance cover please call either Bob or Richard Logan on (02) 9909 1499.