For an Employer...
Staff recruitment, retention and occupational health is a prevalent topic in the industry. Not all employee benefits need to be expensive
We understand that every employer will have different concerns, budgets and areas they would like to address, we can tailor policies to these areas
Tailored packages start from £5 per employee per month
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For employers that don’t currently have the budget to allocate to employee benefits, NRSI welcome the opportunity to work with them and their employees, so that employees have relevant information regarding what they are or are not entitled to as part of their employment, and industry schemes
Allowing them to make informed decisions about protecting themselves.
For a Groom...
Work rider / Yard groom - Racing yard
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If you are working for a licenced trainer you probably pay RIABS contributions, this a great scheme provided for those working for licenced trainers.
However, it is important that you understand how it works and what is covered, and MOST importantly the limitation of RIABS
https://www.racehorsetrainers.org/industry/pdfs/riabs_brief.pdf
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Unfortunately, it is all too common that people believe that they are fully covered by RIABS, this is not necessarily the case
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In this instance you need to consider, long term injury, sickness, if your average weekly income exceeds £400 per week, and what activities you take part in outside of work. This also includes riding out for another yard after work
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Protecting your income if you suffer one of the above can cost as little as £1 per day
Cover is tailored to your needs and budget, but here is an example to give you an idea
A 20-year-old insures themselves for £300 per week if they can’t work because of accident (inside and outside of work) or sickness. They will receive £300 per week until they are able to return to work
This costs them £31.86 per month*
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You may also want to consider;
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Fracture & Hospitalisation, from £8 per month
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Critical Illness
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Life Insurance
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Work rider / Yard groom – Pre-Training/Non licenced Yards
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When working for a Pre-training or non licenced yard you must be aware that as much as your employer will want to look after you the best they can, it is not always financially viable for them to do so
The best way to protect yourself, is to do exactly that. An income protection policy would be the most comprehensive way to do this. Protecting you whether you are off work due to illness or an injury
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As an example; £250 per week (after 1 week off work until they are well enough to return to work) costs a 31-year-old £35.60*
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You may also want to consider;
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Fracture & Hospitalisation
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Critical Illness
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Life Insurance
Free-Lance rider/groom
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If you are a free-lance work rider you will be very aware that you need to be fit and well to work every day in order to earn a living
If you are unable to work, be it through injury or sickness, it will severely impact your cash flow and therefore your standard of living
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As an example; a 26 year old, covers their income for £1.07 per day, or £32.68 per month*
If they can’t work for more than a week, they will receive £250 per week (until they are able to return to
work), or until they reached retirement age (if they can’t return to work again)*
If they wanted to protect their family in the event of their death, and for them to get £100,000, it would cost
£5.39 per month*
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You may also want to consider;
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Fracture & Hospitalisation, from £8 per month
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Critical Illness
Stud Groom
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When working for a stud, from the stallions to foaling mares to the general duties, and going to the sales, some may think that you are not at risk as much as work riders
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You must be aware that as much as your employer will want to look after you the best they can, it is not always financially viable for them to do so
You need consider the impact short term absence may have on your income and how long-term illness or injury may impact factors such as having your accommodation provided by your employer
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An income protection policy would be the most comprehensive way to do this. Protecting you whether you off work due to illness or an injury, short term or long term
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As an example; a 29-year-old covered for £263 per week (from the first day they are unable to work until they return to work) would cost £8.52 per week or £36.90 per month*
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You may also want to consider;
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Fracture & Hospitalisation, from £8 per month
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Critical Illness
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Life Insurance
For a Professional rider or Jockey...
Race riding as a professional, limits your eligibility for most insurances. With the cover provided by PRIS you get some protection in regards injury whilst working
http://www.thepja.co.uk/wp-content/uploads/2018/10/PRIS-Booklet-2018.pdf
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However there needs to be regular consideration, when it comes to serious illness and increasing career ending insurance. As your career progresses, so does expenditure
This needs to be taken into account when considering the above. Among many other types of cover depending what point of your career you are at
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Depending on whether you are self employed or a limited company, we will address your needs accordingly
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As an example; a 30-year-old jockey wanting to receive a £100,000 pay out (for Critical illness or injury) will cost £39.65 per month*
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You may also want to consider;
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Life Insurance
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Private Medical Insurance
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Career Ending Insurance
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Travel Insurance
For a Farrier...
It is known that as a farrier, you suffer wear and tear. Knees, back, to name a few
Whether you’re still completing your apprenticeship or are qualified, having time off not only impacts your ability to earn a living but impacts clients
We are also aware that you don’t want to be bogged down with the complexities of sorting the right insurance. The good news is that protecting your income is possible and likely to be better value today than in the future
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As an example; for an apprentice farrier, aged 27-years-old, to receive £225 tax free per week (after 1 week off), will cost £28.73*
As an example; £563 per week (from the first day until they return to work), for a 27-year-old qualified farrier, will cost £77.24 per month*
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You may also want to consider;
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Accident cover, from £8 per month
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Critical Illness
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Life Insurance
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Private Medical Insurance
For your Hobby...
When you enjoy which ever equine discipline you choose outside of work, it can be challenging to find personal insurance to cover it and it can be very expensive
With a large investment into a career, protecting your ability to work and protecting that investment still gets overlooked
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As an example; comprehensive income protection for a 36-year-old vet covered for £500 per week - tax free (if they are signed off work), would cost £80.95 a month*​
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You may also want to consider;
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Private Medical Insurance
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Critical Illness
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Life Insurance
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Travel Insurance
