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Pet Shop Insurance & Pet Store Insurance: Quotes From $5

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When you run a store in the retail industry like a clothing store or a jewelry shop, there are likely a lot of things going through your mind. Meeting the bills, keeping employees happy, and managing your time properly are just a few of the things that business owners have to consider each day.

The same is true when running a pet shop. Animals can get sick or cause an accident. Also , there’s rules and regulations that you might unintentionally violate too. This is where pet shop insurance comes into play, protecting your business and the animals under your care.

This guide will cover everything that business owners should know about pet store insurance. We’re going to start off with the most common types of insurance that you can get your hands on for pet shops. When that’s done, we’ll discuss the cost of pet shop insurance before diving into three of the best pet shop insurance companies.

Pet Shop Liability Insurance

When shopping around for pet store insurance, it’s likely that the first kind of coverage you’ll want to look into is liability insurance. This is the kind of insurance that protects you from lawsuits caused by unfavorable and uncontrollable situations

For example, if someone is walking by outside of your business and they take a sudden tumble and they manage to injure themselves while they’re on your property, you may be held liable for it. Liability insurance exists to pay out in these cases, but not only in the event of bodily injury.

Another scenario is when someone asthmatic visits your pet shop and suffers an onset of their illness. Sure, you’re not at fault as the person should know better that a pet store isn’t a place for people suffering from lung-related illness. Still, through a lawsuit, there are numerous ways that a lawyer can make you liable. 

Liability insurance can also protect you from people who are claiming that you’re responsible for property damage while they were at your workplace. This can range from someone slipping and dropping their phone to someone who had their car vandalized while parked in your parking lot.

However, there’s more than just one form of liability coverage, and there are even a few kinds of insurance that have the word “liability” in their name but aren’t exactly similar to what we just described. The two most common forms of liability insurance are public liability and general liability.

General liability insurance is the more expensive option of the two because it will apply to more situations in which you may end up on the hook for someone’s expenses. This is because this kind of insurance will apply to anyone who is within your business’s property since it’s not limited like public liability coverage.

Public liability insurance for pet stores tends to be more affordable because it is only limited to members of the general public. This includes people who are walking by on the street, customers who come into your store, and people working with other companies who happen to be on the premises.

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Pet Shop Business Insurance 

Along with liability insurance, yet another common form of insurance for pet shops is business insurance, sometimes referred to as a BOP or Business Owner Policy. This kind of policy isn’t just a single form of coverage like a general or public liability policy. Rather, it’s a combination of different types of coverage.

If you know a thing or two about the insurance industry then you know that carriers like to bundle their services and offer them for a discount. This ensures that they get more of your business and that you can get better prices for what would have cost you more had you purchased it separately.

A BOP tends to combine a few different types of insurance depending on who you purchase it from, but the vast majority of them have two components. The first of these is a liability policy. This can be either public liability or general liability depending on the cost of the business owner policy.

This is coupled with a commercial property insurance policy which exists to cover any damage to the building or some of the items within it. 

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Pet Store Insurance  Cost

Determining how much pet store insurance is going to cost you tends to be a lot harder than figuring that out for any number of other businesses. Don’t get us wrong, it’s hard to have an idea of how much your insurance will cost without a quote as pet stores are unique.

This is due to the wide range of animals that you could be selling within your pet store. If you’re selling expensive cats, then you can expect to pay quite a bit for your insurance. This is also the case if you’re selling exotic animals that may end up injuring one of your customers.

However, the animals themselves aren’t the only factor that goes into determining the cost of your pet shop insurance. Another factor that you’ll have to consider is the size of your pet shop, which will have just as large (if not more) of an impact on your eventual insurance premiums.

When you think about it, it makes sense that larger stores have higher premiums because they have more stock and they see more customers throughout a year, making them more likely to need to make a claim at some point or another.

To ensure that the following numbers are good reference values, we’ve gone ahead and used a medium-sized pet store with a good claims history to gather them.

CompanyCost per monthCost per year
smei$14.93$179.16
AmTrust$39$468
Petplan$47.5$570
Average Cost$33.81$513.58

The average cost of pet shop insurance based on the numbers we’ve gathered from these three carriers is about $33.81 per month or $513.58 per year. 

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Best Pet Store Insurance Companies

The best pet shop insurance company can be hard to find if you don’t know where to look or if you don’t have the patience to deal with getting a dozen different quotes. While we can’t guarantee that the following companies will be the best for your needs, they will at least give you a good place to start looking for the best policy for your pet shop.

To make it easier for you to decide which of these companies will give you the best possible service, we’ve gone ahead and put down some info about their policies, their company histories, and how much they charge for pet shop insurance. We’ll also break down their pros and cons as well as the businesses we think they’re best suited for.

smei Pet Shop Insurance

Based in England, smei is a company that has focused on providing several  forms of insurance to its clients over the course of its relatively short existence. Though the company was only founded in 2002, they have brought much peace of mind to clients in all sorts of industries, including pet shops.

smei Policy Details

smei offers a huge variety of coverage options to pet shop owners, and their standard coverages include contents, accidental damage, business interruption, public and products liability, and more. They also have add-ons like legal expenses, subsidence, terrorism, buildings cover, and goods in transit.

Pros
  • Numerous coverage
  • Quick insurance application process
  • Insurance highly tailored for pet stores
Cons
  • Low insurance limits

Average cost: $14.93

Best for: Pet stores looking for more than one type of coverage

Our rating: 4/5

AMTrust Pet Shop Insurance

AmTrust is a financial services company that is based in New York and was founded in the 1990s. The company typically works with smaller businesses, and while they specialize in workers’ comp specifically, the company still offers a myriad of other insurance products.

AMTrust Pet Shop Insurance

Due to their focus on workers’ comp, AmTrust offers a bit more of a limited selection of policies than the competition. With them, you’ll be able to get your hands on the aforementioned workers’ comp, a BOP, or a lone general liability insurance policy. Their BOPs are a little more in-depth, however, featuring a business interruption component in addition to liability and commercial property coverage.

Pros
  • Versatile BOP
  • Quick claims response
  • Detailed online portal
Cons
  • Limited coverage options for pet stores

Average cost: $39

Best for: Small pet stores 

Our rating: 5/5

Petplan Pet Shop Insurance

Petplan is an insurance provider that started off by only offering insurance for pets themselves, but they have since expanded into offering commercial insurance for pet stores as well. While the company started in the UK, it is now a multinational insurer.

Petplan Policy Details

Petplan offers coverage for pet stores under its Petplan Professional policy. The company’s business insurance features several components, many of which are optional, including property coverage, business interruption insurance, glass coverage, and broadform liability insurance.

Pros
  • Numerous policy options for pet stores selling common domestic animals and exotic domestic animals\
Cons
  • Expensive

Average cost: 47.5

Best for: Insurance that's highly tailored for pet stores

Our rating: 4/5


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