Best Pet Business Insurance of 2022

Bryan Keith

Pet business owners have substantial risks when they open their doors to their furry friends. Protect your business from liabilities and safeguard your assets when something goes wrong. We’ve evaluated the best business insurance providers based on coverage, financial stability, customer satisfaction, and overall quality.

Affordable plans and coverage provided within minutes

$2,000,000

Coverage Up To

$0 - $2,000

Deductibles

Overview

Next Insurance leverages AI technology to streamline the process to purchase insurance, track claims, and manage policies at no additional cost.

What we like

  • Affordable insurance plans
  • Customized coverage to fit your business
  • Get covered within minutes
  • Near instant access to proof of insurance
  • Quick and easy to process claims

What we don't

  • Not available in New York

Covers a wide range of industries

$2,000,000

Coverage Up To

$1,000+

Deductibles

Overview

Coverwallet began its journey in New York City in 2015 operating under the Aon Insurance banner. At Coverwallet, you can access everything you need to keep your company well-protected at an unbeatable price.

What we like

  • A skilled advisor to assist you
  • Free quotes from multiple insurance carriers
  • Covers low risk to even some high risk industries
  • Online account management

What we don't

  • No brick-and-mortar offices
  • Deductible costs

Customized solution to fit your business needs

$2,000,000

Coverage Up To

$0 - $10,000

Deductibles

Overview

With a 100-year history of insuring businesses, Hiscox is well-known across America and globally. With more than 500,000 small business customers, Hiscox is fully aware and trained in the unique risks a business can face.

What we like

  • Established insurance company
  • Dual auto insurance
  • Customizable insurance for over 180 industries
  • Deductibles starting at $0
  • Affordable rates

What we don't

  • Limited US offices
  • Coverage limited to $2 million online

Flexible coverage by the year, month, day, or by the job

$2,000,000

Coverage Up To

$0 - $10,000

Deductibles

Overview

Thimble provides business insurance that can be tailored to your business by the year, month, day, or even the job. At Thimble, the process to getting the right business insurance is simple, scalable, and flexible.

What we like

  • Scheduled coverage options
  • Coverage by the job available
  • Buy a policy online within minutes
  • No hidden fees
  • Affordable plans
  • Drone insurance

What we don't

  • Not available in New York

Tailored Amazon seller insurance

$1,000,000+

Coverage Up To

$100+

Deductibles

Overview

Spott will ensure that your policy coverage is tailored to your business while complying with Amazon’s Terms and Conditions. They also track changes to Amazon’s Terms and Conditions to identify potential issues with listings before a suspension.

What we like

  • Tailored eCommerce insurance
  • Liability insurance for Amazon sellers
  • Store Suspension coverage
  • Compares leading insurance carriers
  • Flexible coverage options and payment plans
  • Knowledgeable about Amazon’s rules and policies

What we don't

  • Limited physical offices

What is pet business insurance?

Pet business insurance protects your pet business from risks that may legally jeopardize the continued operation of the business. This specialized type of insurance will ensure that when accidents involving pets happen, your business is covered and your risk is mitigated, so you can keep your doors open.

Having insurance for your pet business not only protects you from accidents that happen under supervision, but also gives your customers the confidence that in the case of an accident, the business is insured and covered to protect yourself, customers, and beloved furry friends.

Who needs pet business insurance?

If your business operates by taking payments for services involving pet care, you need to consider pet business insurance. The following pet businesses can be covered (but not limited to):

  • Dog walkers
  • Pet trainers
  • Pet daycare
  • Pet grooming
  • Pet sitters

After all, pet owners in the U.S. spend nearly $100 billion on their furry companions each year, so if something serious happens, there’s a chance that a lawsuit is on the way if customers entrust you with the care of their pet.

What insurance do pet business owners need?

There are several different types of insurance. Here we will go over some of the most important types of insurance that you should consider looking into:

  • General liability insurance: Regardless of the type of business you operate, general liability insurance is essential to protect the business’s assets from claims that you would be unable to pay for out of pocket if they arise. These claims can occur for a variety of reasons including bites, property damage, and injuries caused by other pets on the premises.
  • Property insurance: Property insurance protects your physical premises from events that happen outside of the operation of the business. It’s often overlooked but essential especially for businesses that operate in areas where the frequency of natural disasters is high.
  • Workers compensation insurance: While it’s important to protect the pets from accidents occurring at the business, it’s equally as important to protect you and your employees from accidents as well. Workers compensation insurance (commonly referred to as “workers comp”) can provide employees with benefits that they would need if there was a serious injury suffered while at work.
  • Cyber insurance: Point of sale (POS) systems store sensitive information on servers that have the potential to be compromised. Cyber insurance covers your business from cyber hacks, data breaches, and to implement security systems in response to these threats
  • Product liability insurance: This type of insurance covers your business from claims arising in response to products that you manufacture that cause property damage or physical injuries. This could apply to businesses that manufacture accessories such as dog collars, leashes, or bathing accessories to its customers

What are the limits of pet business insurance?

Because there is not one all-encompassing insurance policy for pet business owners, there are certain limitations of pet business insurance that should be considered.

Perhaps the most important limitation that pet business insurance has is the dollar amount of coverage of your policy. For example, if you have a policy for $100,000 but the damage caused to the business is higher than that amount, you will have to cover those costs yourself which can get very costly if the damage is significantly higher than your plan’s coverage.

How much does pet business insurance cost?

The added cost of insurance policies for events that may never happen may seem like an unnecessary expense, but they are still very important for business owners to consider. So how much will it cost to get the insurance coverage that your business needs?

The cost of pet business insurance is determined by a number of factors including:

  • Primary business functions and risk associated with business operation
  • Costs of living
  • Crime and poverty rate
  • Length of the term of policies
  • Size of the business
  • Number of employees

How to choose the best pet business insurance

Choosing the best pet business insurance plans can protect the future of your business for years to come. Before choosing an insurance provider, you need to consider:

  • Your personal financial situation: Taking out an insurance policy for more coverage than you can afford could potentially cause you to miss your premium payments, which will void your insurance policy
  • Reading customer reviews: Customer reviews are reliable and can help in determining how others experience was with the insurance company.
  • Shop around and compare providers: Because there are so many providers to choose from, we have researched for you and made it easier to compare companies to get the best plan for your personal situation