- The Ultimate Pet Sitting Insurance Guide for 2023: Everything You Need to Know
Starting a pet sitting or dog walking business is a venture that comes with inherent risks, just like any other type of business. The risks extend beyond the initial financial investment required to start the business, encompassing your time, energy, and other opportunities. Even though you may not be investing millions of dollars, it is still a significant investment that you are making. The primary objective of your business is to yield a profitable return on your investment, but unfortunately, that is not always the case.
However, there are ways to mitigate the risks involved in pet sitting or dog walking business. One of the most important steps you can take is to obtain the right insurance coverage to protect yourself and your clients. By investing in comprehensive pet sitting insurance, you can safeguard your business against potential risks and ensure that you can continue to provide your services with confidence.
At Easy Busy Pets, we strongly advise pet sitters and dog walkers to obtain adequate Pet Sitting Insurance as a crucial risk mitigation measure. Insurance coverage can offer financial protection in the event of an accident and provide peace of mind to you, your staff, and your clients.
There are various types of pet sitting insurance policies available, each with its own coverage options and limits. The following are some of the essential components that a pet sitting insurance policy should include:
Without general liability coverage, you would be responsible for paying any costs associated with an accident or incident out of pocket, which can be financially devastating for a small business.
Furthermore, many clients and pet care facilities require pet sitters and dog walkers to have general liability insurance as a condition of working with them. This means that if you do not have this coverage, you may miss out on business opportunities.
It is not redundant coverage, but rather provides additional protection for situations where the pet is in your care and control. While general liability and care, custody and control coverage can provide some protection for accidents and injuries that occur while the pet is in your care, bailee coverage is specific to the pets themselves and is designed to cover damages or loss that result from specific risks such as theft, fire, or natural disasters.
Bonding provides coverage for theft or loss of client's property while it's under your care. It's important to note that bonding coverage is not the same as insurance, as it only covers intentional acts of theft or dishonesty.
For example, if you're a pet sitter and you are accused of stealing money or jewelry from a client's home, and you have bonding coverage, it can help cover the costs of legal defense and any settlements or judgments. This coverage can provide peace of mind to pet owners who may be concerned about leaving their valuables in a home which you need access to when picking up their pet for a walk.
Bonding coverage also serves as a form of protection for your business. If an employee or subcontractor is responsible for theft or dishonest acts, bonding coverage can help compensate the client and limit the financial impact on your business. This can help preserve your business reputation and prevent any negative publicity that may result from such incidents.
It's important to note that bonding coverage is not required by law. However, by investing in this coverage, you can give clients peace of mind, protect your business reputation, and comply with best practices in the pet sitting industry.
To make this process simple and trustworthy, consider using a pet sitting web app like Easy Busy Pets, to document these details electronically quickly and easily, so that you have all your paperwork backed up and ready to go in the event of an emergency.
Regarding vaccination enforcement for pets, it is important to keep track of the pets' vaccination records and ensure that they are up-to-date before providing any services. This includes vaccinations for diseases such as rabies, distemper, and parvovirus. If a pet becomes ill or spreads a disease to another animal or person due to lack of vaccination, it could result in a liability claim.