Pet Sitting Insurance Montana Policy Information
Pet Sitting Insurance Montana. If you're a pet sitter, business insurance is a smart purchase. The pet industry has never been hotter than it is now. Although many families or individuals in times past often acquired new pets without a lot of forethought, people today take pet ownership more seriously, often putting a lot of thought into selecting a pet and caring for it. With this has come the advent of pet services for these pets, including pet sitters who provide alternatives for pet owners when they must be away from home on vacation or traveling for business. Pet sitters are a wonderful alternative to kennels in some instances, and pet sitters are in high demand. Before taking on your first clients, protect yourself and your business with pet sitting insurance.
Pet sitting insurance Montana protects your business from lawsuits with rates as low as $27/mo. Get a fast quote and your certificate of insurance now.
Who Should Buy Pet Sitting Insurance?
Americans spend hundreds of dollars each year on their pets, with spending on pets amounting to more than spending on men's apparel. As a nation, pet owners spend around $50 billion each year on pets and pet care. According to Pet Sitters International, pet sitters sat with pets on 18.5 million occasions in 2010, which was up nearly 1 million visit when compared to 2007 levels. Revenues from members of Pet Sitters International in 2010 were in excess of $325 million. More households have dogs than have children: around 43 million U.S. households have dogs. Around 84 percent of the organization's members have bonding and liability insurance.
Starting A Pet Sitting Business In Montana
Pet sitters should consider pet sitting insurance Montana. If you care for or feed pets for a living, including dogs, cats, birds, reptiles, and fish or if you provide doggy day care or dog boarding in your home, it is an essential purchase as part of doing business. If you sit in a client's home or provide live-in pet sitting services for clients while they travel, it is also a necessity.
Other professions, such as pet groomers, dog trainers, pet taxi service professionals, or those providing home security services to make the home look as if it is occupied while someone is away are also candidates for pet sitting insurance Montana.
The insurance you select should cover all of the perils possible in the profession, which means that you are not left holding the bag when a vet bill, lawsuit, or claim against you occurs. Essentially, you need to protect yourself from anything that might happen to the animal or the client's property while you are working.
When you purchase a policy, be sure to read it thoroughly to ensure that you have no gasps in coverage or exclusions to contend with. Work with an agent who is seasoned in the pet insurance niche and specialty insurance policies to find the right type of policy for your individual needs.
Buying Pet Sitting Insurance Montana
Consider all the risks that your business is under when you are looking for MT pet sitting insurance coverage. This will help you find a policy that provides adequate insurance for you. Work with your agent to create a tailor-made policy that covers your potential perils and you'll have peace of mind with your purchase - and be protected from liability and financial harm.
Some of the types of scenarios that you might want to consider before making a purchase include:
- If a pet is harmed accidentally or becomes sick while you're caring for it, who is responsible?
- What occurs is a pet in your care is stolen?
- What happens if a pet reacts poorly to a pet grooming product and needs veterinary care?
- Who pays the bill if a pet needs to see the vet while you're sitting it?
- If something comes up missing while you're sitting in a client's home, what happens?
- If you cause a fire in a client's home, who is responsible?
- If you break something of value in a client's home, who pays for replacement?
These are all potential scenarios for pet sitters. Discussing scenarios such as these with your agent can help ensure that you get a pet sitting insurance Montana policy that meets your particular needs and addresses your concerns.
What Does Pet Sitting Insurance Cover?
A typical pet sitting insurance Montana policy covers many of the same areas that other business insurance covers. There is a loss potential any time a business owner cares for the belongings of others, including pets. Coverage usually includes:
- Pet sitting liability insurance. This is a type of coverage that provides protection for you as a pet sitter if you are found to be at fault for property damage or injury to a pet during the course of your work. This may include things like medical expenses for injured pets, damage from fire due to your negligence, or lost keys.
- Control, custody, and care of pet insurance. This type of policy provides protection for accidents that may occur when you are in control of, have custody of, or are caring for pets. Limits may range from $10K to $200K for each type of covered event.
- Pet transportation insurance. Sometimes referred to as pet taxi insurance, this type of insurance cover you for pet transport while you haul a pet while on the job.
Like any other type of business, there are many different variables associated with pet sitters insurance Montana, and there are a variety of companies who provide this type of insurance. Coverage costs vary widely, so working with an agent who is experienced in this type of insurance can be instrumental in helping you find a good deal.
Montana Economic Data, Regulations And Limits On Commercial Insurance
Thinking about starting a new business? Already own a successful business and want to expand your operations? Whatever the case may be, if you want to experience as much success as possible, you are going to want to ensure you choose the best possible location for your specific industry.
No matter how outstanding your goods and services may be, if the area where your business is located doesn't offer a healthy climate that will support your company, chances are you'll struggle to succeed.
If you are thinking about opening up a business in Montana, being familiar with the state's economic trends can help you determine if it's a good location for you. It's also wise to know what type of insurance you'll need to invest in so that you can plan ahead.
With that said, below, we provide an overview of the economic trends in the state of Montana, as well as the commercial insurance requirements for business owners in the Treasure State.
Economic Trends For Business Owners In Montana
As of December, 2019, the Bureau of Labor Statistics reported that the unemployment rate in the state of Montana was 3.4%; that's 0.1% lower than the national average, which was 3.5% at the same time. This rate remained steady throughout the entire 2019 fiscal year, and it is expected to either continue remaining steady or improve in coming years, according to economists.
Unemployment rate is a vital statistic for business owners, as it indicates the job market of a location, which is a strong determining factor in the success of businesses in the region.
There are several areas throughout the state of Montana that are seeing economic booms and where businesses are flourishing. Among those locations include the following cities and the areas that surround them:
- Great Falls
Several industries are seeing substantial growth in MT; however, there are particular sectors that are really thriving in Montana. Among those sectors include:
- Advanced manufacturing
- Hospitality and tourism
- Information technology
- Oil and gas production
- Retail development
If you are considering opening a business in any of the above-mentioned areas, your chances of success in Montana are favorable.
Commercial Insurance Requirements In Montana
The Office of the Montana State Auditor, Commissioner of Securities and Insurance regulates insurance in MT. Montana mandates very few forms of insurance coverage by law. They enforce worker's compensation.
Montana requires you to have worker's compensation insurance if you hire even one employee on a regular basis. This includes part-time employees, family members, minors, and immigrant employees. It is not required for independent contractors or domestic employees, though you should check to make sure any contractors you have are true contractors, and not employees.
Montana also requires all business-owned vehicles to be covered by commercial auto insurance. Other types of business insurance that business owners should carry depend on the specific industry.
Additional Resources For Children & Pet / Dog Care Insurance
Discover what small business commercial insurance policies cover for children and pet related businesses.
Whenever children are involved, an extra level of care needs to be taken when selecting an business insurance policy.
Younger children require more supervision than older children. Each state establishes minimum standards and ratios for children-to-adults based on the children's ages.
Day care facilities must comply with these minimum standards and some exceed them by having additional staff to provide more personal attention and activities.
Pet related businesses have a large liability risk when working with multiple dogs. If one of the dogs bites someone, they can do a of of damage and claims are often in the thousands. Certain breeds of dogs can do major damage if they bite.
Another consideration in the pets themselves - what if they are injured while being groomed or walked? What if one dog attacks another while you are walking them?
If you do not have the right coverage you could have to pay a claim and expensive legal fees out-of-pocket.
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Also learn about Montana small business insurance requirements for general liability, business property, commercial auto & workers compensation including MT business insurance costs. Call us (406) 637-8400.