Insurance for Pet Sitting Business
One of the best businesses today that can give you big bucks is pet sitting business. But to make sure that all your assets will be protected from untoward incidents, have the right insurance package.
This article will provide you more information about it so make sure that you will read and comprehend the paragraphs carefully.
According to experts, one of the best recession proof professions is being a pet sitter. Yes, the business is absolutely profitable but it also comes with a heavy responsibility. Aside from the fact that the hours are unpredictable, pet owners can sometimes be difficult to deal with. So, the only way to protect yourself and the business is to get the right insurance having the best insurance coverage.
Importance of Insurance
Since people will be entrusting you their pets, they should have the assurance that you can do the job well. The very first thing that potential clients will look for is your insurance. They will also ask you if the business is bonded. If you don’t have any of them, then you will just wake up one morning realizing that your business is gone. You don’t want that to happen, right?
Bonded and Insured Explained
The terms insured and bonded are two different things but they both suggest financial coverage of a possible loss. Being bonded of the pet sitting business means that the client and the business owner are covered over a loss of service to a certain animal. While being insured means that the damage to or loss of property are covered.
Insuring and Bonding Organizations
There are several insuring and bonding organizations for your pet sitting business that offer coverage both to the bond and the insurance with only one yearly fee. If you are already member of the Pet Sitters International (PSI) or National Association of Professional Pet Sitters (NAPPS), you can purchase insurance easily. The good thing is that you can also get it at a discounted rate. All of the members of these organizations could just pay $250 annually for insurance and bonding. Isn’t that great?
A pet sitting business only requires a low insurance fee that is why it is considered as one of the best home-based businesses today. Aside from that, the start-up cost is also low so it is a very ideal business for you.
Being in this kind of business, your number one duty is to provide the client with a proof of bonding and insurance. If you are a sitter who is working as an employee for a certain company, you will also be covered under the insurance program of the company. But if you are self-employed, the sitter should get a bonding and insurance on his or her own.
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