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

Cats Are So Cool They Domesticated Themselves

Have you ever thought that your cat was just too cool for you? It turns out that they''re so cool, they domesticated themselves!
Reeve’s Turtle

The Reeves Turtle, which is also known as the Chinese Pond Turtle, is a popular breed in the pet world, and it has a great personality.
Upside Down Dog Of The Week – Buddy

We want you to look forward to Tuesdays and that’s why we always feature our Upside Down Dog of the Week from Upsidedowndogs.com on this day. This week…
East Siberian Laika

The East Siberian Laika is a Russian-type dog that retains many of the traits it inherited from its wild ancestor, the wolf.
Best Catnip Toys

Cats love toys and they love catnip. Put the two together and you''ve got one happy kitty! Here''s our list of the best catnip toys.?
Argentine Snake-Necked Turtle

The Argentine Snake-Necked Turtle, one of the two South American Snake-Necked Turtle breeds, is a unique breed of aquatic turtle named for its long neck.
The Best Pet Dishes That Add Class To Your Kitchen

Call them the cat''s meow or the dog''s dinner. Either way, Kathy Ireland''s mealtime solutions offer more than just a pretty place setting for dogs and cats.
Irish Doodle

The Irish Doodle is a super cute, friendly, and light-hearted medium-sized crossbreed. This designer dog is a mix of Irish Setter and Poodle.
Understanding Your Cat’s Heat Cycle

If your kitty isn''t spayed, you can expect your female cat to go through heat cycles. Let''s talk about what it is and what to expect.
What Is Giardia In Dogs?

Does your dog have a belly ache? The cause may be from an intestinal infection called Giardia. Learn more about the parasite behind giardia in dogs.
Best Pet Hair Remover

Pet hair removers are designed to make the lives of pet parents easier- as their name suggests, they efficiently get rid of hair from various surfaces.
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.
Adoptable Dog Of The Week – Forrest

Hey Forrest, you can stop running now – you’re our Adoptable Dog of the Week! Forrest is an adult male Labrador Retriever mix from Glen Morgan, W…
Adoptable Dog of the Week-Jai

Our Adoptable Dog of the Week is Jai, a 5 years old Australian Shepherd from Dodson, Montana. He is neutered, up to date on his shots, and housetrained.
What You Need To Know About Dog Insurance Policies

Is it a gamble? We''ve put together some valuable information about dog insurance policies so you can be fully informed before you decide whether to buy one.