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Insurance Information

PetCare1
Guest
Dec 17, 2007
2:09 PM
Discuss policies, coverage, agents and more.
Kimberly
2 posts
Feb 08, 2008
10:45 AM
I was wondering if anyone could tell me or help me with the insurance and bonding side of things? I am currently checking into several different insurance. How necessary is getting bonded? I have read several pros and cons about this. If anyone could give an idea of the best way to handel this that would be very helpful to me.
PetCare1
Guest
Feb 08, 2008
12:20 PM
There are actually 3 types of insurance you'll probably want to look into before you start your business. Auto insurance, liability insurance and bonding. Often times clients will request to see proof of coverage prior to the first sit.

Auto Insurance – Commercial auto insurance is necessary to protect your business against potentially devastating liability costs resulting from an accident involving your vehicle while conducting company business. Typically, time spent conducting company business is not covered under a personal automotive policy. Check with your agent to see if you need to make additions or changes to your current policy.

Liability insurance – Liability insurance will protect you in the event that unforeseen circumstances arise. Lawsuits occasionally follow events such as dog bites, property damage in a client’s home or a pet passing away in your care. A good liability policy will protect you in such cases. It is a must have!

The following organization offers liability insurance to their members:

www.PetSitllc.com - Pet Sitters Associates LLC

Bonding – “honesty insurance” ensures clients you are trustworthy, and if they prove otherwise, the insurer provides them compensation. Bonding policies are necessary for any business where an individual is entrusted with valuables, like the key to someone’s home and all its contents. There are several Bonding companies throughout the country; each providing a different level of coverage.

You can check out this link:
http://www.petsitterinsurance.com/psi/bond.asp

or ask your local insurance agent.



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