Pet business insurance cost
If you’ve found a way to make money from your love for pets, we’re envious. However, running a pet care business comes with a paw-sitively enormous amount of risk. Below, we’ll cover how much Pet Business Insurance costs and how it can protect your fur-filled business financially if a pet in your care gets injured or causes injury to someone else.
Now that the cat’s out of the bag, we’ll discuss average Pet Business Insurance costs by policy length, the factors that will determine your premium, the type of coverage you’ll receive, and more.
How much does Pet Business Insurance cost?
Thanks to Thimble’s customizable plans, pet business owners can purchase insurance by job, month, or year. This means you don’t have to pay for coverage when you don’t need it, and that sounds pretty great to us.
Here are the average costs of Pet Business Insurance by policy length:
What factors influence Pet Business Insurance cost?
Many factors come into play when calculating your Pet Business Insurance cost, like the size of your business and the number of customers you have. When we’re determining your specific premium, some additional variables we consider include:
The location of your business will impact your insurance cost. If you run a grooming business in a high-traffic area, for example, the risk of accidents tends to be higher, which will factor into your Pet Business Insurance cost.
If you need insurance for the day to cover you for an afternoon dog walk, or for an entire year because you run your business full-time, the cost will vary significantly. You could qualify for a more cost-friendly rate when purchasing a plan for a longer duration.
The number of employees in your business will factor into your Pet Business Insurance cost. More staff means more risk, which will likely lead to higher costs.
Amount of coverage you need
Just as you charge more for more pets under your care, you will usually pay a higher premium for greater coverage limits.
Additional coverage will increase your cost, but you’ll also have broader protection. For example, Business Equipment Protection covers the equipment you carry with you between jobs and starts at $6 per month in addition to a Thimble Monthly general liability insurance policy.
What does Pet Business Insurance cover?
Don’t let a lawsuit or accident put your business in the doghouse. As a business owner, it pays to be protected with the following types of coverage:
- General liability insurance provides coverage for claims of bodily injury, property damage, and personal and advertising injury to others (who are not employees). For example, if a dog in your care bites another person, your insurance may pay for their medical expenses. It will also provide for your legal defense as well as the settlement.
What if a dog bites and injures another pet in your care during a training session? While most general liability insurance policies won’t cover this type of incident, Thimble’s coverage is different. We’ll cover the expenses associated with loss or injury to a pet under your care.
- Professional liability insurance covers you for “errors and omissions” that lead to financial harm to your client. For example, let’s say you own a dog grooming business and one of your groomers was a bit aggressive on the clippers. The owner of the prize-winning poodle that has a show tomorrow could sue you if they decide the overzealous trim cost them a blue ribbon.
- Business Equipment Protection covers accidental damage, loss, or theft to your owned or leased equipment that you need for your job. So if you’re at a customer’s house and your expensive training equipment is damaged, business equipment insurance could cover the replacement costs.
You’re barking up the right tree with Thimble
Regardless of whether you’re a doggy daycare operator, trainer, dog walker, pet groomer, or pet sitter, you need Pet Business Insurance to safeguard you financially in case something goes wrong.
At Thimble, we like to keep things simple. With us, you get fewer questions and more options. Just click “Get a Quote,” download our app, or give us a call if that’s your preference. We’ll have you covered in minutes, so you can get back to your four-legged friends.
Pet Business Insurance Cost FAQs
Will I be covered for injury or loss to a pet in my care?
Yes. Although most policies exclude loss or injury to pets, Thimble’s Pet Business Insurance removes this exclusion. If something happens to a pet under your care, we can help cover the financial consequences.
I run a mobile pet grooming business. Will Pet Business Insurance cover me?
Pet Business insurance will cover you for third-party liabilities such as injuries or property damage to others. But we also recommend that you purchase commercial auto insurance. Commercial auto is similar to your personal automobile policy, but it covers vehicles owned by your business.
One of my employees slipped on the soapy floor in my pet salon. Would Pet Business Insurance have covered the cost of her injuries?
Pet Business Insurance only covers injuries to a third party, such as a customer. For work-related injuries to your employees, you will need workers’ compensation insurance, which is required by most states.
How can I prove to my customers that I have Pet Business Insurance?
Easy. When you purchase insurance with Thimble, you can access a Certificate of Insurance (COI) directly from our app and download as many COIs as you need for proof of coverage at no additional cost.