Since benefits packages are aimed to help employees lower costs, it makes sense that pet insurance is trending upward—individuals spend thousands on their pets every year, after all.
Pet insurance helps lower those expenses in several ways. The plan may cover vet exams, vaccinations, chronic conditions, injuries, and flea treatments. And when a pet needs emergency care, the safety net of pet insurance can save an individual from choosing between their wallet and their furry friend.
Below are more reasons employers should consider adding pet insurance to their voluntary benefits packages.
Improves Employee Financial Wellness
Over 90% of pet owners pay for vet expenses out of pocket, according to MetLife. Pet insurance can reduce those expenses, allowing employees to spend that money on other needs.
Contributes to Better Overall Health
Research shows that pet ownership can improve an individual’s mental and physical health. When employees may be working at home in isolation, having a pet companion can help their well-being. Pet insurance can help their decision to get a pet easier and improve an individual’s health.
Shows Employees Their Company Cares
Offering pet insurance reinforces to employees that their company cares about them, both within the workplace and outside of it. Providing such a perk can also help with attraction and retention efforts, particularly among pet owners.
Enhances Competitiveness
A company that offers pet insurance is demonstrating a commitment to its employees. It also shows that the company is invested in the overall well-being of its employees rather than just their workplace performance. This perception can be critical to winning over potential employees seeking a company that looks out for them and their loved ones.
Since benefits packages are aimed to help employees lower costs, it makes sense that pet insurance is trending upward—individuals spend thousands on their pets every year, after all.
Pet insurance helps lower those expenses in several ways. The plan may cover vet exams, vaccinations, chronic conditions, injuries, and flea treatments. And when a pet needs emergency care, the safety net of pet insurance can save an individual from choosing between their wallet and their furry friend.
Below are more reasons employers should consider adding pet insurance to their voluntary benefits packages.
Improves Employee Financial Wellness
Over 90% of pet owners pay for vet expenses out of pocket, according to MetLife. Pet insurance can reduce those expenses, allowing employees to spend that money on other needs.
Contributes to Better Overall Health
Research shows that pet ownership can improve an individual’s mental and physical health. When employees may be working at home in isolation, having a pet companion can help their well-being. Pet insurance can help their decision to get a pet easier and improve an individual’s health.
Shows Employees Their Company Cares
Offering pet insurance reinforces to employees that their company cares about them, both within the workplace and outside of it. Providing such a perk can also help with attraction and retention efforts, particularly among pet owners.
Enhances Competitiveness
A company that offers pet insurance is demonstrating a commitment to its employees. It also shows that the company is invested in the overall well-being of its employees rather than just their workplace performance. This perception can be critical to winning over potential employees seeking a company that looks out for them and their loved ones.
The Last Word
Pet insurance can help an organization in a variety of ways. It allows employees to improve their financial, physical, and mental well-being. Additionally, it helps the company signal its commitment to its workers, leading to better-recruiting prospects and overall workplace satisfaction. For more information on offering a pet insurance group policy, contact an InsureGood Advisor today.
