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

Adoptable Dog Of The Week – Tommy

This week’s adoptable dog from Adoptapet.com is Tommy, a male American Pit Bull Terrier Mix from Reisterstown, MD. This pup is 5 months old, neutered,…
Pomeranian

The Pomeranian is a wonderful addition to the family, thanks to its docile temperament, intelligence and devotion. Expect this do to be easily trainable.
Mulga Parrot

The sweet behavior, affectionate personality, and amazing looks of the Mulga Parrot make them ideal pets for singles or seniors.
Understanding Your Dog’s Special Grooming Needs

Keep it clean – how to stay on top of your dog’s grooming needs While the majority of dogs will stay clean and healthy with a straightforward gro…
SuperZoo 2018: WizSmart Pee Pads Encourage Lifting Legs and Eco Consci

Made from defective diapers, WizSmart Pee Pads are eco-friendly pads that can be placed at a 90-degree angle to help male dogs with potty training.
Bare Eyed Cockatoo

The Bare Eyed Cockatoo parrots, also known as little corellas, are one of the smaller and unique breeds in the cockatoo family
Chorgi

From their distinct short-legged body and fluffy coat to their territoriality and independence, Chorgis are quite distinct in the world of hybrid dog breeds – and will need experienced owners.
Adoptable Dog of the Week – Lin

Our Adoptable Dog of the Week is Lin, a 2 years old Australian Cattle Dog and Labrador Retriever mix from Nashville, Tennessee.
American Bullnese

The American Bullnese is a mix of breeds, predominately the English Bulldog and the Pekingese. They are short, stocky little clowns who love snuggling.
Cutting It Short: The Basics About Tail Docking in Dogs

Tail docking in dogs has been around for centuries, used for different purposes. In modern times, this practice is usually performed for cosmetic reasons.
Can Dogs Eat Lettuce?

The backbone of salads, we can''t get enough of lettuce. But can dogs eat lettuce? Read on to find out if you can share this veggie with your pooch.
FDA Sends Warning Letter To Purina, Citing Significant Violations At F

Nestle Purina starts 2015 off on the wrong foot – with a warning letter from the FDA What a way to start off the year! Nestle Purina PetCare recently l…
Aphrodite Giant

The Aphrodite Giant cat breed is one of two naturally occurring breeds from Cyprus. This rare breed has a wonderful personality and a calm temperament.
Olympic Skier Gus Kenworthy Hopes To Bring Home Four Sochi Stray Pups

What makes a hot Olympic skier even hotter? One who wants to save all the stray dogs in Sochi! When he’s not on the slopes, Team USA slopestyle skier G…
Berger Blanc Suisse

The Berger Blanc Suisse are intelligent, as well as friendly by nature and loyal to their families. A unique breed that makes an excellent family pet.