About 50% of Fortune 500 Companies Offer Pet Insurance to Employees

Published A Few Days Ago
ADVERTISEMENT

Increasingly, people are looking for job benefits that include their pets. Pet insurance is becoming a popular perk, as nearly half of Fortune 500 companies offer this to its employees.

It’s a given that our pets are like children. When they’re sick, we need to take care of them, and that bill isn’t usually inexpensive. Today’s workplace is reflective of this, as many employers have started offering pet insurance as a job benefit for their employees.

Related:Gambling With Pet Insurance

According to Scott Liles, the chief pet insurance officer for Nationwide Insurance, about half of Fortune 500 companies offer some type of pet benefit coverage to their employees, and more and more employees are using the benefit.

Nearly two million pets were insured with some sort of policy in 2016, and by 2019, pet insurance is estimated to exceed $1 billion in market coverage. Liles said that employees view their pets as part of the family, and jobs that recognize that family relationship are on the top of prospective employees’ lists.

Pet insurance can cost $40-$100 a month if you buy on your own, and those policies typically cover accidents and illness, but not necessarily wellness visits or routine vaccinations. Having a job perk that helps or covers that is a relief to many employees, particularly when insurance is a bit of a gamble in that you may never need to use what you put in.

That said, Dr. Abe Van Beven with Petcure Oncology says that he doesn’t believe pets are insured enough because when you do need to access care for things like cancers, many humans cannot cover the cost for care. Treatment in situations like cancer or other diseases can cost a pet owner anywhere from $4,000 to $9,000, he says, and insurance is key.

Related:5 Time-Saving Tips For Choosing A Pet Insurance Policy

Personally speaking, and with a reasonably priced veterinarian, I’ve spent nearly $13K on my old golden retriever since last September. Between being diagnosed with Cushing’s Disease and having an unknown condition that brought us to removing one of her legs, I’ve often said that insurance would have been amazing. We currently have pet insurance for our puppy, and will forever.

That’s why I can see, as many others do, what a job perk pet coverage is, and I wouldn’t be surprised if more companies followed suit!

ADVERTISEMENT

ADVERTISEMENT

You May Like

What You Should Know Before Starting a Dog Boarding Business

Let’s get down to business – starting a dog boarding businessSo, you are considering starting a dog boarding business? Perhaps you’ve learned a lot over the…
Chin-wa

What a cutie! The clever Chin-wa brings the sassy personality of the Chihuahua together with the friendly nature of the Japanese Chin.
Braque D’Auvergne

The Braque dAuvergne is a pointing breed and a versatile gundog that also makes a great family pet. This working breed needs plenty of daily exercise.
Top 10 Best Winter Jackets for Dogs

You can''t go wrong with any of these, as we''ve only included high-quality, durable, stylish, and overall good value for money winter jackets for dogs.
Upside Down Dog Of The Week – Alena

This is Alena, our Upside Down Dog of the Week. Alana was a Red Nosed Pitbull who has recently departed for the Rainbow Bridge. Here’s what her owner E…
Product Review: Kurgo Collaps A Bowl

For people and dogs that are really active, a quality collapsible bowl is indispensable. That’s why our all-things-dog-sports writer, Kev Roberts, want…
Poodle

A lot of people have fun with their Poodle and enjoy the grooming that its coat requires as just another way to spend quality time with the dog they love.
Singapura

The Singapura is such a charming extrovert, playful in a nondestructive way, and delightfully curious, it''s hard to lose patience with him.
Study Finds Owning A Dog Is Beneficial To Your Heart

Proof that dogs make your heart healthy and happy! Here’s one more reason why you should own a dog. The American Heart Association says that dogs may l…
Adoptable Dog of the Month – Bessi

We’d like to introduce you to Bessi, our Adoptable Dog of the Week from Adoptapet.com. This lovely lady is a young Pitbull Terrier and Beagle mix from…
Groomer Jess Rona’s New Tell-All About Celebrity Pets is Hilariously

LA celebrity groomer Jess Rona teams up with A-list stars and their dogs for this hilariously creative compilation that features her most fabulous work.
Best Father’s Day Gifts For Dog Dads

We want to make sure Dog Dads feel the love. It’s easy to do when you check out the best Father’s Day gifts for Dog Dads.
J.J. Fuds Expands Recall Of Premium Natural Blends Pet Food

J.J. Fuds in Valparaiso, IN is expanding their recall to include all lots and products of J.J. Fuds Chicken Tender Chunks, Beef Tender Chunks and Duckling Te…
Reports Reveal Majority of US Pet Owners Couldn’t Afford an Emergenc

This year''s research reveals that 27% percent of adults couldn''t afford to spend $400 on an emergency without having to borrow or sell something.
DIY Dog Treat Filled Ornaments

I''m not the craftiest person out there, but I found that these DIY Dog Treat Filled Ornaments were fun and easy. The kids can get on this DIY dog craft too.