Major organisations around the world are introducing pet insurance as a perk for employees, in hopes of recruiting and retaining top talent. Read on to find out more about its positive impact on workers and what it means for their pets as well. |
In their never-ending efforts to promote employee happiness, a growing number of companies are starting to include pet insurance plans as an employee benefit. This is great news for all pet owners as this will help them cut costs on health insurance for their dogs, cats or any other pets that they might have in their households.
Pet insurance is truly an understated value in Australia even though we are one of the most pet-loving countries in the world. The Australian Companion Animal Council (ACAC) recently conducted pet insurance reviews and it was quite surprising to discover that only 5% of owners have any health cover at all.
The average Australian spends about $25,000 a year on pet care, and this new employee perk can be seen as a major advantage for organisations who want to increase talent recruitment and retention. This “outside-of-the-box” initiative could be one of the winning factors that will influence an employee’s decision to choose one company over another.
In the US, pet insurance reviews by Yahoo have revealed that one of three Fortune 500 companies offer cat or dog insurance perks to their employees. And with the cost of vet bills increasing every year, it seems like workers are beginning to consider pet insurance as a deciding factor to take up a new job or to stay with their existing employers.
Local pet insurance providers like RSPCA and Pet Secure are working along with companies to help better the lives of employees. In Australia, dog health insurance seems to be the most sought after type of cover as more owners are starting to recognise its importance in the maintenance of their pooches’ health.It gives them the freedom and flexibility to find the best medical services possible, which will help better the lives of their pets.
Even if your company does not offer subsidies on pet insurance, you should still get cover for your dogs or cats to prepare for any unforeseen emergencies that might arise in the future. Ideally, dogs and cats should be insured from a very young age to reduce the cost of insurance premiums. Remember to find a plan that covers in-depth treatments for common illnesses that are usually associated with the breed of your dog. Some dogs are more susceptible to specific issues that only exist for their type of breed and it is important to know what they are before you sign up for a pet cover.
Also, don’t forget to take your time to do some research and comparepet insurance quotes from various providers in the industry.
Author is pet insurance advisor who has over 13 years of experience in the industry. She has helped thousands of clients gain peace of mind knowing that their pets are covered by the best cat and dog health insurance plan available in Australia
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