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Farm + Industrial Antiques and Collectibles Old belt driven farm equipment: shellers, milkers, threshers, pumps and antiquities of the industrial revolution.

Farm + Industrial Antiques and Collectibles

Liability Insurance


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  #1  
Old 12-09-2016, 08:39:48 PM
BillMN BillMN is offline
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Default Liability Insurance

For those of you who own and run threshing machines at shows, what sort of coverage if any do you have? I have never given thought to personal liability insurance when showing tractors or my small engine collection but with the extreme danger of a thresher and the number of people required to operate a rig I'm having concerns.
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Old 12-09-2016, 11:00:49 PM
DieselAddicted DieselAddicted is offline
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Default Re: liability insurance

We run our husker shredder and a sheller at our local show and they carry the insurance, I am pretry sure that is the case most everywhere but check where you intend to show.
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Old 12-09-2016, 11:31:32 PM
LCJudge LCJudge is offline
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Default Re: liability insurance

In most cases you can get a rider or umbrella on your homeowners policy. One important issue though is to see what your limits of liability are. I'd recommend you try to get at least $1,000,000.

Some policies are $300,000 or $500,000 which won't be sufficient should the worst happen. An individual getting an arm badly mangled in a piece of old equipment can pass the $300K mark in medical bills pretty fast.

Limits of Liability can also be an issue for insurance provided by a club or show. I've often heard people say "my club has insurance so I'm covered" and used to be somewhat content with that thinking myself. That's true up to the limits of the club's policy. If the club has a $500K limit and someone is injured and has $700K in medical bills, you could be liable for the $200K.

Sadly, these are all things we need to take into consideration when we exhibit the old iron.
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Old 12-10-2016, 10:05:29 AM
gdstew gdstew is offline
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Default Re: liability insurance

"Limits of Liability can also be an issue for insurance provided by a club or show."

You need to check with the host club on who's covered on their policy. Usually their policy covers the club and officers from any damages caused by you and does not cover you. You need your own insurance,
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Old 12-10-2016, 11:01:06 AM
Terry Welch Terry Welch is offline
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Default Re: liability insurance

I handle the insurance on two clubs I belong to, I deal with the agents and try and get the most coverage for the best value. There are some good points here. The long and short of it is it is your equipment and you are responsible for it. If the club has coverage That is great. But I would advise you to have some of your own. If there is a loss and a lawyer gets involved they will put everyone on notice, the club and you as they hope to recover from all possible groups.
Some clubs require you become a member for the show show so that you are covered by their policy. Some you are on your own. Some policy's will cover your equipment while doing a demo at the show. I said demo, not just joy riding.
The two I work with offer members to be added to the policy for a additional fee. Then it only covers you at the address listed on the policy and for the dates listed.
Something I see coming down the pike is the shows having to have you list your insurance when you sign in. Most do this now with golf carts. Some states do not require insurance, but do require you to sign a Proof of Responsibility saying that you will be responsible for any damage you or your display causes.
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Old 12-10-2016, 03:03:21 PM
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FWurth FWurth is offline
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Default Re: Liability Insurance

This issue has been quietly ignored by most of us exhibiters for decades. But it is also a major reason many of us really limit the events that we exhibit at. Some folks have been having private showings of their collections and events by invitation only to limit exposure to liability from the general public.
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Old 12-10-2016, 06:05:49 PM
BillMN BillMN is offline
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Default Re: Liability Insurance

Thanks for the opinions so far, I am a member of our club and we do have club insurance but what the coverage is I don't know. I was mainly wondering how many take out their own coverage regardless of club insurance and if so where you got it and how much per year it is. I would only be at the one show, this threshing machine is stored on the grounds and I don't intend to transport it.
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Old 12-10-2016, 10:09:25 PM
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Tim B Tim B is offline
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Default Re: Liability Insurance

Can you sue the parents that don't watch their children for child neglect and child endangerment to cover your losses? Just wondering.....
Insurance and attorneys suck....If someone does something stupid, you should be aloud to poke them in there injuries just to remind them.
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Old 12-11-2016, 01:15:41 AM
gdstew gdstew is offline
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Default Re: Liability Insurance

Tim B--

I think that falls under the term "attractive nuisance", such as a kid falls out of your tree, or you didn't lock the fence around your swimming pool. How irresponsible of you! It seems people like, and get away with blaming everybody but themselves. In today's society, you better "idiot proof" your display or you just might end up in court. There are a lot of stupid people out there, and the courts are out to protect them from us.
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Old 12-11-2016, 10:39:50 AM
LCJudge LCJudge is offline
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Default Re: Liability Insurance

Not all lawyers are rotten.....but some are and they make up for the good ones.

Terry Welch said:
.......If there is a loss and a lawyer gets involved they will put everyone on notice, the club and you as they hope to recover from all possible groups....


Yes, the shotgun approach is often taken. Sue everyone you can (including the guy who mowed the grass at the showgrounds) and hopefully someone will have a policy (or assets) that will pay. I've seen a lot of it and its not pleasant to see folks who are removed from the situation become involved.

But, as I've said before in other posts on this forum and others, the ONLY way a person can sue you and get big bucks from your insurance or from you is if a jury awards it. Any who composes juries? You, your family, your neighbors, etc, etc.

I have, on many occasions heard jurors leave the courthouse and make comments such as "well, it didn't cost him anything, the insurance had to pay it". Let me tell you, this thinking costs us all!
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