Pet Animal & Marine Insurance Coverage
If you own or operate a business which deals with pets or owners of pets
, you need to carry a proper amount of insurance coverage to protect you, your family and your business from catastrophic physical and financial losses. Typically, your business would need a commercial general liability insurance policy, commercial property insurance and some inland marine coverage. More options are definitely available, but these are the basics.Here are the coverages your insurance policy should include:
Physical damage coverage for the animals in your care, custody and control
Professional liability for your grooming operation
Medical Payment Expense for the animals in your care, custody and control
Inspection costs by insurance companies included in your premium
An adequate amount of coverage for your property, including building (if required) and contents
An adequate amount of inland marine coverage (your property while in transport)
Preferred Businesses Would Have:
No building coverage
No overnight kennel
Up to 30 animals per day maximum
Pet Care Services Association accreditation
Grooming operations
Retail sales operations
No more than two losses or claims per coverage part (excluding closed without payment) incurred in the past five years (liability), three years (property/inland marine)
Available Limits of Coverage:
Maximum property value of $3,000,000
Coastal Zones Maximum property values up to $500,000 per location
Liability Limits up to $2,000,000
Ineligible Businesses:
Veterinarian services
Stables
Those accepting equine or commercial animals
Those who sell products under their own label
Those who provide training for hunting, security, show or agility
Those involved in pet adoption or pet rescue
Businesses with pending or prior bankruptcies
Those with existing tax liens
Businesses with 2 General Liability losses in the past 3 years and/or risks with 2 Property/Inland Marine losses in the past 3 years
Those who located Louisiana
What is inland marine insurance coverage?
We are asked this question often. Inland marine insurance is usually a "line" of coverage added on to a policy or sometimes purchased as a stand-alone policy. Generally speaking, it covers goods in transit or projects under construction. Although its generally a type of property insurance, some classes within inland marine only provide liability coverage. It is derived from marine insurance, which covers items, whether in transit or not, while on water. Once it gets to land, that coverage ends and inland marine picks up from there.
Typically, the following types of businesses require some form of inland marine insurance coverage:
Ambulance Equipment
Amusement Rides
ATM Machines
Band Uniforms
Catering Equipment
Mobile Concession Stands
DJ Equipment
Exhibition Property
Go Karts
Golf Carts
Janitorial Equipment
Laundry Equipment
Medical Equipment
Morticians Equipment
Musical Instruments
Photography Equipment
Pool Cleaning Equipment
Radio or TV Studio Equipment
Recording Studio Equipment
Rock Climbing Wall
Scientific Instruments
Sports Equipment
Theater Property
Vending Candy/Snacks
Vending Stamps
Vending Videos
Videographer Equipment
As you can see above, all of these businesses are moving on a regular basis.
Inland Marine Product Highlights:
Discounts if in business with no losses for a minimum of three years
Discounts if items are brought back to owners place of business each day
Discounts if the business has a central station alarm
Discounts if all items are fives years or newer in terms of age
$500,000 limit of insurance
Limit per individual piece of equipment varies by type
$2,500 maximum limit on blanketed equipment
About Board Walk Insurance: If you are in search of insurance coverage for your pet-related business, contact Boardwalk Insurance Group today for your free quote. We offer commercial general liability insurance, commercial property insurance, inland marine insurance floaters, umbrella policies, workers comp policies and much more. Since Boardwalk is an independent insurance agency, we represent several insurance companies and insurance brokers, giving us the opportunity to shop insurance coverage for our clients. This assures you get the best deal, not only in terms of pricing, but also for the coverages you need in your specific situation.
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