Pet care is a very popular employee benefit
(NC) Does your workplace offer pet health insurance? More and more businesses are adding that nugget to their company benefits, and it is indeed becoming one of the fastest-growing benefits offered to Canadian employees.
One in three Fortune 500 companies, for example, is now offering pet insurance. Here in Canada, the number of leading businesses doing it has grown to over 600 – and that list includes BlackBerry, Hewlett-Packard, and Scotiabank. In the United States, the number of companies adding pet health insurance benefits is in the thousands.
“Adding pet coverage to a flex benefits toolkit is a great way for companies to differentiate themselves from their competitors,” says Sean Dexter, the director of sales for Winnipeg-based Petsecure. “Our company does it and it is widely popular with our staff.”
Nick Kidd, the national director of personal lines at Aon, agrees. Aon is a global leader in risk management, insurance, reinsurance, and is also a human resources provider. According to Kidd, “Canadians are becoming increasingly aware of the value of pet health insurance, so the expectations of company benefit programs are changing. For us, products like this have been a great recruitment and engagement tool.”
Providers like Petsecure, for example, help to keep dogs and cats protected against accidents or illness. They cover the insurance basics for dogs and cats, as well as offer unique perks such as dental care, alternative treatments and behavioural therapy. These services protect pet owners financially in the unfortunate circumstance that their furry friend requires medical assistance.
To find out if pet insurance is included in your employee benefits package, check with your plan administrator or human resources department. If pet health insurance is not part of your package, consider contacting an insurance broker.
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