Whether you are looking to start your own business in the pet care industry or you are a seasoned business owner, let’s talk insurance for a moment. In today’s world, there is insurance available for just about anything and everything you can think of. While you certainly hope that you won’t ever have to use it, the policy is in place to protect you when you do need it. Today, we would like to share with you some helpful insight on what type of coverage to consider for your business. When in doubt, always discuss this with your trusted insurance agent to ensure you have the proper amount of coverage.
Where to start…..we recommend that you consider getting coverage for these areas of your business:
- General liability
- Personal injury
- Products (for retails space, if applicable)
- Workers’ compensation for your employees
- Renters insurance (if renting your space)
- Advertising injury
- Pet insurance in the event one is lost, stolen, injured, or dies in your care
- Auto (if using business vehicles to transport pets)
- Health (if you plan on offering to your employees)
- Employment practices liability
That seems like a rather looong list, doesn’t it? Wait, we’ve got more to mention!
- Errors and omissions
- Data breach coverage
- Vet bill reimbursement
- Pet groomers professional liability
Now, we realize that each business will have its own needs, and therefore, not every business will need coverage in every aspect of this list. However, we do encourage you to explore these points and decide for yourself which ones will be best suited for your unique business needs. As pet care industry consultants, we also offer our expertise to you as part of our consulting service. Sometimes, it is best to hear what experienced pet care business owners have to say about their own experience as it may relate to your business needs as well.
Why get insurance?
Regardless of which policies you choose to get, know that insurance is there to protect you in the event that something happens to your business that results in a loss on your behalf or could potentially expose you to a lawsuit from an employee, the public, your landlord (if renting your facility), or pet owners. Just for example, say that an incident occurs where a pet becomes injured or even dies at your facility. Since you were overseeing that pet’s care, the owner could potentially hold you liable and sue you for damages, pain, and suffering as it relates to losing their beloved four-legged family member. Also, be mindful that accidents are probably going to happen, whether they occur among your furry guests or even your employees. Insurance is there to help cover you in the event that an accident or unfortunate circumstance arises. Your business is an investment, and for some, you could have a lot riding on the line. Make sure that you are protected with the right amount of insurance coverage for your business.
Pet care industry consultation for insurance
If you would like to learn more about our consultation services or to schedule a consultation, please contact Life is Woof at lifeiswoof.net. We understand the ins and outs of owning a pet care business, and we want to help you achieve your dreams of owning and operating a successful business of your own.