Owning a Pet Store isn’t like running a regular store or a supermarket. Yes, there are racks filled with merchandise, cashiers, and displays like the ones you see in those stores. But the soul of a Pet Store comes in the form of a puppy or a hamster playing in their cages instead of a dynamic display of goods.
Even though pets bring a positive light to a Pet Store ambiance, they also add a significant number of risks other retail businesses do not have. When one of your assets is very much alive, the injury or death of an animal can derivate in a significant impact on your business economy and could put your Pet Store at risk for survival.
Disasters such as hurricanes or floods can menace the lives and health of the animals under your care. For this reason, it is essential that you protect your assets, pets, and business with Pet Store Insurance.
General Liability Insurance
You need a General Liability policy guarding your Pet Store against any lawsuit regarding an accident that occurred in your business premises that led to injury or personal property damage. For example, a client trips over a cage lying on the floor and suffers injuries from it. The General Liability insurance will cover all legal expenses resulting from the claim and provide you with an attorney.
Business Property Insurance
This policy offers coverage for everything that would fall out if you shook the building upside down. In the case of a Pet Store, this would include the cages, animal toys, inventory, tables, among others. Business Property Insurance covers the following perils:
- Water damage.
Workers Compensation Insurance
If you have employees working at your Pet Store, you need to provide them with legal compensation in case they suffer an injury while doing the job. For example, if an employee works handling inventory and taking care of the animals living in your store, he could suffer a back injury, or maybe one of the dogs could bite his arm and end up bleeding. The Worker’s Comp Coverage would cover the medical costs of these injuries.
Products Liability Insurance
The Product Liability Policy offers coverage to claims made from clients that present some form of personal injury caused by one of the products sold at your business. If you sell pet food, products, or supplies at your Pet Store, the risks of failure are common. When a product causes damage to the client’s pet, they can sue you for compensation. The Products Liability Policy protects you from experiencing financial troubles as a result of the legal costs.
Commercial Auto Insurance
If you use a vehicle for business purposes, you need a Commercial Auto Insurance policy. Maybe you make deliveries for your clients, or you take your pets to the vet every other day. Take into consideration that if you were involved in a collision behind the wheel any bodily injury or property damage that occurred would be covered by the Commercial Auto Policy. Avoiding this way losses of revenue.
Cyber Liability Insurance
Cyber Liability Insurance is crucial if you sell pets and supplies online. Although you have taken numerous precautions to secure your clients’ online transactions, skilled hackers know how to violate high-security measures. Protect your Pet Store and reputation by acquiring Cyber Liability Insurance.
Store Crime Insurance
If you run a Pet Store one of the most significant risks for your assets is theft or shoplifting, fraudulent payments, embezzlement, employee dishonesty, and vandalism. With such an expensive inventory, you should have the Crime Insurance Policy protecting your business to cover any loss of revenue resulting from this type of incident.
Now that you know the risks your Pet Store faces every day and the policies to cover them call our agents right now and get a free consultation today. We are ready to solve any doubt that you may have left and provide you with the best quote for your business.