Employers that offer pet insurance
More and more employers are adding pet insurance as part of
employee benefits, and pet owners have Millennials to thank. According to Fortune the
extra boost in coverage is partly because it appeals to the Millennial
generation, but everyone will benefit from this way of thinking. With pets being
treated more like family members, employers could have a lot to gain from
offering pet insurance to employees.
 |
Employers that offer pet insurance
Photo by U.S. Army flickr
|
According to the American Pet Products Manufacturers
Association (APPA), pet
owners spent approximately $9.8 billion on veterinary care in 2007. In
2015-2016 APPA’s biennial National Pet Owners Survey that recorded 79.7 million
pet owning households, this is a 50 percent gain over the past two decades.
They also reported an increase in new/younger pet owners. It’s no surprise that
pet insurance is becoming more popular. Diagnosing and treating an illness can
be expensive. Accidents are especially expensive, and situations like a hit by
car or a blocked cat can cost well over $1000. As the cost of treatment
increases, so does the demand for insurance coverage.
Posts
