- Business owner’s policy
A business owner’s policy (BOP) bundles general liability insurance with commercial property insurance. It typically costs less than if the policies were bought separately.
BOP insurance bundles policies to protect pet care businesses
A business owner’s policy provides an affordable, broad defense against the unique risks facing pet care professionals. A BOP bundles general liability insurance and commercial property insurance, usually at a lower rate than purchasing both policies separately.
A BOP safeguards against:
- Lawsuits related to customer injuries or property damage
- Lawsuits related to pet injuries
- Lawsuits related to advertising injuries
- Damage to your building, equipment, and other business property
- Temporary closure
Tailor a BOP to fit your business
Pet care business owners can customize a BOP to meet their specific needs. Useful add-ons might include business interruption insurance or other endorsements. However, not every business is eligible for a BOP.
Businesses that qualify for a BOP typically:
- Have fewer than 100 employees
- Have a small office or workplace
- Make less than $1 million in annual revenue
- Operate in a low-risk industry
- Need less than 12 months of business interruption insurance
Speak with a licensed Insureon agent to learn whether your business is eligible.
What coverage can a business owner’s policy provide for pet care businesses?
Customer and pet injuries and property damage
The general liability portion of a business owner’s policy can pay for legal bills and other expenses related to customer injuries, pet injuries (at your business or outside your business), or damage to customer property. For example, it can offer coverage if:
Lawsuits related to advertising injuries
The general liability portion of a BOP also provides coverage against advertising injuries, including:
- Defamation, such as libel (written) and slander (spoken)
- Copyright infringement
For example, if a dog walker writes a negative review about a rival dog walking company and your business is sued for libel, general liability insurance could help pay for your legal defense.
Damage to business equipment and other property
A BOP includes commercial property insurance that protects:
- Pet grooming supplies and veterinary equipment
- Office furnishings and fixtures
- Your building if you own it
This policy reimburses you for theft, vandalism, or a damaging weather event. It also covers property damaged or destroyed by a fire, whether it started at your business or elsewhere.
If your pet care business is forced to close, it could result in substantial financial losses. For example, your animal hospital may need to close for renovation after a tornado. Often included in a BOP, business interruption insurance would protect your small business from lost revenue, rent owed during the renovation, and other expenses related to a disruptive event.
Other policies for pet care professionals to consider
General liability insurance: If you don’t purchase a BOP, you should still consider general liability insurance. This policy can pay legal expenses related to pet injuries, customer injuries, and customer property damage.
Workers’ compensation insurance: Required in almost every state for pet care businesses that have employees, workers’ comp can cover medical costs for work injuries.
Errors and omissions insurance: Also called professional liability insurance, this policy can cover legal fees of lawsuits related to your work performance.
Get free quotes and compare policies with Insureon
Are you ready to safeguard your pet care business with a business owner’s policy? Complete Insureon’s easy online application today. Once you find the right policy, you can begin coverage in less than 24 hours.