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SEIB Insurance Brokers Ltd (SEIB) - Press Release

For immediate release - 5^thMay 2023

SEIB Insurance Brokers Ltd launch new budget-friendly
Core Horse Insurance in response to the ongoing cost-of-living crisis

SEIB is proud to announce the launch of Core Horse Insurance - a new, affordable horse insurance policy for those with more limited insurance budgets. Developed by their team of horse owners and insurance specialists, Core Horse Insurance provides an alternative level of cover for those who are considering insuring their horse for the first time, self-insuring or reducing their level of cover, to save money. 

The cost-of-living crisis continues to bite, particularly for the equestrian community, who already have ever-increasingly expensive responsibilities on their hands - their horses. The SEIB team is made up of equestrians who understand first-hand the financial pressures horse owners are under, and the sacrifices that are currently being made to keep horses happy and healthy. This is why SEIB has taken action to tackle the issue head-on by creating Core Horse Insurance, which reduces premium prices by providing Vet Fees cover for accidental external injuries only, as well providing a range of other key covers.

SEIB's Equestrian Business Manager, Stephanie Ellis explained:"I've been at SEIB for 16 years, and the financial cost of owning horses has never been as high as it is now. We're speaking to our customers every day, and it's becoming increasingly apparent that they are looking to make savings wherever they can. To combat this, we knew we needed to offer a ‘half-way house' insurance for those who need to significantly reduce their outgoings, which is where Core Horse Insurance comes in. This product is perfect for owners who want affordable horse insurance."

The policy will cover veterinary fees for accidental external injuries up to £3,000 per cl

aim, with an affordable excess of just £165 per claim. It could be perceived that wounds are one of the more straightforward situations to deal with when calling the vet as there is often less diagnosis needed. However, just because there is a visible cause, it does not mean they're always the cheapest to treat. Research carried out by SEIB shows that accidental external injuries are the second biggest cause of horse insurance claims, with the average cost of claims coming in at over £1,300 per incident.

Core Horse Insurance has other benefits too that are not typically seen on entry-level horse insurance policies, such as an optional emergency colic surgery add-on up to £5,000 per incident and tack cover up to £5,000 per claim, and an increase to the horse sum insured up to and including £10,000. This policy is available to purchase online now atseib.co.uk/horse-insurance.

SEIB will continue to provide their popular existing horse insurance product, now known as Classic Horse Insurance. This policy provides protection for a wide range of activities, illnesses and injuries, loss of use and emergency colic surgery up to £7,500 per incident.

To find out more about SEIB and other policies it offers please visitwww.seib.co.uk.

ENDS

Photo: Horses and their riders enjoying hacking out

For further press information please contact Jenny Viner at jennyviner@jennyviner.com or call 07766 731164.

More information about SEIB Insurance Brokers Ltd:

• Barry Fehler founded SEIB as a 17-year-old in 1963. He created his own insurance for one of his very successful show horses, found a company to underwrite it, and everything began from there.
• SEIB Insurance Brokers are now proudly part of the Benefact Group.
• SEIB Insurance Brokers are a national company that have insured charities for decades. Giving is embedded in the culture of SEIB and the company has always been committed to supporting good causes.
• SEIB Insurance Brokers are general brokers but tend to specialise in various markets such as equine, funeral, private hire and charity.

About Benefact Group

• ​​Benefact Group is an independent, specialist financial services group that exists to give all its available profits to charity.
• Owned by a registered charity, Benefact Trust, Benefact Group's family of businesses provide specialist insurance, investment management and broking and advisory services in the UK, Australia, Canada and Ireland.
• Benefact Group is the third-largest corporate donor to charity in the UK, according to the UK Guide to Company Giving 2023/24. It has donated over £100m to charity since 2016 and is aiming to reach its target of giving £250m by 2025.
• Many businesses say they are different. Benefact Group really is. Find out why herewww.benefactgroup.com 
• The Benefact Group family of brands includes:
  • Ecclesiastical UK
  • Ecclesiastical Canada
  • Ecclesiastical Ireland
  • Ansvar UK
  • Ansvar Australia
  • EdenTree Investment Management
  • SEIB Insurance Brokers
  • Ecclesiastical Financial Advisory Services 
  • Ecclesiastical Planning Services Ltd
  • Lycetts Insurance Brokers 
  • Lycetts Financial Services
  • Lloyd & Whyte