in Industry concern over Riding School insurance premiums
British Horse Society (BHS), ABRS and representatives of the insurance
industry met Defra minister Alun Michael today (15 July) to discuss
the increasing burden of insurance premiums falling on equestrian
Chief Executive Graham Cory told the minister that, in an industry
operating on such tight margins, premium hikes can mean the difference
between solvency and failure. And if riding schools continue to
decline in number then eventually this will deprive the UK of top-level
BHS acknowledges that the number and size of claims has increased
in recent years, leading to a reluctance on the part of underwriters
to take on equestrian business. However, the equestrian and insurance
industries were confident that better risk management could have
a significant effect on constraining premiums.
two sides agreed to convene a working party, with Defra's assistance,
to urgently identify practical measures to manage risk and thereby
reduce the pressure on hard pressed riding schools.