Insuring animal grooming and care establishments can be somewhat demanding. Not many insurers are interested in extending insurance coverage for this relatively risky class of trade. By and large, pricing and acceptability of coverage for animal grooming and care establishments are dependent on the size of operations, level of care provided, and type of animals served.

Types of Insurance Required by Animal Grooming and Care Establishments

Animal grooming and care establishments are similar to other businesses with regards to their needs for property, workers compensation, business auto, and umbrella insurance. However, their needs of commercial general liability and professional liability are somewhat unique.

Animal grooming and care establishments need property coverage to protect their building (if owned), their office facilities and tools, in addition to other coverage such as money and security, business income, outdoor signs, and more. If the establishment gives care or grooming services at offsite customer places, special inland marine insurance is required to cover their grooming and care products.

Veterinarians and animal grooming and care services need a legally mandatory coverage of workers compensation. The estimated premium is based on the future annual payroll of the employees. Prices are not dependent on the number of staff. Workers compensation for animal grooming provides medical payment benefits and disability income benefits, in addition to other benefits, for work related injuries of the employees.

Commercial automobile insurance is coverage for the business motor vehicles that the grooming establishment is operating to transact business with. The price is based on amount and type of insurance, garaging ZIP code, as well as age and driving experiences of drivers.

The umbrella coverage for animal grooming and care will boost liability limits on all underlining liability policies, including auto liability, general liability and workers compensation. Umbrella coverage is good for well established larger size grooming services to better protect their assets and business investments.

Veterinarian, animal groomer liability insurance provides coverage for the establishment for any bodily injuries and property damage that the mismanaged practices of the business or its staff cause to the public against certain risks. It includes premises liability (slip and fall), product liability, personal and advertising injuries, and medical payment coverage. Similar to other businesses, commercial general liability does not provide any professional liability protection.

Professional liability for veterinarians is a vital coverage. It covers the businesses against property damage and injuries to animals, for flawed animal grooming or care services provided. As stated earlier these risks are not covered under the general liability policies. Live Animal Floater is a coverage that is directed at covering the animals in the custody and care of the establishment.

Pricing and eligibility for commercial general liability and professional liability are centered around few aspects including:

1. Nature of business. Whether it is a veterinarian services, grooming service, or any other service, insurance companies offering coverage want to have full details about the exact nature of business. Insurance companies need also to know if services are offered for the training of attack dogs, animal obedience training, or similar training programs. Also dealing with thoroughbreds, exotic or rare animals, or commercial ranching will make a difference in the insurance premium and acceptability.

2. Size of operations. Generally speaking, larger businesses are sued more often than smaller ones and, therefore, they pay more for insurance. Size of business is assessed by either yearly revenues or annual wages. Any payments to subcontracted accounts will be thought of as payroll unless the subcontractors show that they have similar insurance.

3. Professional and business experience of the personnel expressed in terms of years of trade experience, education, professional licensing, prior insurance experience, and related issues.

4. Limits of coverage. Higher limits means more premium rates.

Author Bio: Author is member of Insurance Navy, a Chicago leader of business and auto insurance. You can get information about insurance for animal grooming and about Cicero auto insurance discount by visiting company\’s website.

Category: Finances
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