I'd be asking!
You know what they say right, prepare for the worst, hope for the best?
Not to get morbid (but I'm going to anyways), say Joe Schmoe brings little Gigi for a pony ride. Something spooks poor pony, and Gigi lands on her neck perhaps permanently injuring her spinal cord. I'm pretty sure Mr. Schmoe could sue for damages in which that $500k liability you're insured for just touches the surface of what that kid will need to recover.
Check out the following figures - and these are old, from 2002: What Do Spinal Cord Injuries Really Cost?
- Length of initial hospitalization following personal injury in acute care units: 15 days
- Average stay in rehabilitation unit: 44 days
- Initial hospitalization costs following injury: $140,000
- Average first year expenses for a SCI injury (all groups): $198,000
- First year expenses for paraplegics: $152,000
- First year expenses for quadriplegics: $417,000
- Average lifetime costs for paraplegics, age of injury 25: $428,000
- Average lifetime costs for quadriplegics, age of injury 25: $1.35 million
- Percentage of SCI individuals unemployed eight years after injury 63%. (Note: unemployment rate when this article was written was 4.7%)
Source: The University of Alabama National Spinal Cord Injury Statistical Center - March 2002