Pet Supplies and Pet Shop Insurance

Pet and pet supplies stores need insurance to cover the huge costs and expenses that could otherwise force your business to close. The insurance will cover the costs of expensive lawsuits, property damage, medical expenses, and other covered expenses so you don't have to. And all that's required is a small monthly fee.

Below are some of the risks unique to your business:

One of the pet foods you supplied to your customer has caused their pet to get sick. Because of that, the customer sues your business for the damages.

An employee in the accounting department of your pet and pet supplies store manipulates their payroll to give themselves bonuses that total to $100,000 over the years.

An employee overexerts himself carrying sacks of dog foods. This causes your employee to suffer back injuries and as their employer, your business is responsible for the medical payments of your employee.

The cost of insurance for pet and pet supplies stores varies widely depending on the type of coverage selected and the risk factors specific to your business. Without taking these factors into account, below are the average costs of frequently bought insurance for your business:

Business Owners Policy costs $900 in annual premiums. Workers Compensation costs $1300 in annual premiums. General Liability insurance costs $500 in annual premiums.