Pet Store Insurance

Who Needs Pet Store Insurance?

• Pet stores
• Pet sitters/groomers
• Dog walkers/trainers
• Dog daycare facilities
• Veterinarian

A pet store insurance is necessary for your business due to the significant risks and hazards.

Why a Pet Store needs Insurance

A pet store faces certain risks that have the potential of causing financial damage to your business. The survival of your business depends on the coverage you have for your business.

Here are scenarios that occur at your pet store

• A client can slip and fall at your store and sustain serious injuries
• Theft can occur, and the pets stolen
• Your business property can be damaged
• Your store can be a target of cyber-attacks, compromising client information. 

With the right coverage for your pet store, you are covered from unforeseen circumstances. However, without any coverage, you are responsible for accidents that can occur.

Cost of Pet Store Insurance

The insurance does not have to be expensive. The average cost of general liability insurance depends on the location, size of the shop, number of employees, payroll, claims history, etc.

Types of Insurance Coverage For a Pet Store

Comprehensive insurance coverage can be affordable by purchasing a business owner’s policy. It is tailored to suit your specific needs. Insurance companies combine general liability, commercial property, and business interruption insurance in one plan.

General Liability Insurance

It protects pet store owners against third-party injuries or property damage at your store. The insurance covers medical expenses, the cost to repair or replace the damaged property, and legal costs in a lawsuit.

Commercial Property Insurance

Also known as business property, it protects your pet store and supplies if they are damaged by natural disasters, fire, or vandalism. Floods are not included in the coverage. But if the pet store is located in a flood-prone area, you can add flood insurance. Commercial property insurance pays to repair or replace damaged property, pet supplies, and in some cases, pays out in case a pet dies.

Business Interruption Insurance

Sometimes referred to as business income insurance. It covers your lost revenue and relocation expenses if your business closes.

Other Types of Insurance to Consider For a Pet Store

Product Liability Insurance

If you sell pet supplies that include food, whether fresh or packaged, the policy covers your business if your food causes an illness.

Cyber Liability Insurance

Storing customer information in a computer, for example, bank details and addresses can be a target for a cyber attack. The insurance helps to inform the clients and covers legal fees.

Bailee Insurance

The insurance protects animals left under your care or control for veterinarian reasons or grooming. The policy covers animals left temporarily under your care. It covers medical costs if the animal is injured and any other legal costs brought by a lawsuit against you.

Commercial Auto Insurance

Suppose your business offers transport services of pets to their owners. The policy covers you in case of an accident. It covers repair and replacement caused by the accident and third-party injuries.

Workers Compensation

The insurance covers your employees if they sustain work-related injuries or illness. It covers their medical expenses and lost wages during the treatment or recovery.

Inland Marine

The policy covers when transporting pets from one place to another. It covers costs related to the loss of a pet.

Owning a pet store business is fulfilling, especially when pets are adopted. However, pet stores require the right coverage to protect your business from risks faced daily.