Running and maintaining an animal based business demands a lot of attention, care, and dedication. Having a public liability insurance for animal based businesses will give you the protection you need, may it be financial or legal, should that need arises. In the United States, the pet industry brought in a whopping $60 billion in revenues. This is one of the reasons why more and more people are engaged in animal based businesses. Having said that, the booming industry comes with a lot of risks and responsibilities. That’s why animal based businesses, regardless of the size, should have a safety net in place like a public liability insurance for animal based businesses.
Never Work With Animals: Public Liability Insurance For Animal Based Businesses
There are a lot of scenarios where you can use your public liability insurance for animal based businesses. For instance, a customer tripped on a wet floor in your pet clinic and got injured. He/She can take legal action against your business and make a compensation claim. In our case, we used a public liability lawyer who took care of all the legal proceedings and in paying for the indemnity.
In Australia, a public liability insurance for animal based businesses covers your liabilities for injured clients and employees. If you are in the dog walking venture, the insurance will cushion you from any untoward incident that you could be held accountable while walking a dog. For example, the dog you took for a walk bite a stranger. Your insurance will cover all the costs associated with dealing with that case.
More often than not, a public liability insurance for animal based businesses cannot protect you or your business from liabilities due to loss of or injury to animals in your custody. In addition, this kind of insurance does not cover property damages or employment practices liability. You will need another insurance that is intended for those situations.
Protecting Your Animal Based Business
Before you go shopping for a business insurance, evaluate first your risks and of your business. Then, factor in how much coverage you will need for those risks. For example, dog walkers who manage aggressive animals may need more than enough insurance coverage than those who service small dogs.
Aside from public liability insurance for animal based businesses, you should also consider getting other forms of pet care business insurance, such as property damage insurance and theft insurance.