Why Pet Insurance is Here to Stay

Pets are more important than ever to a workforce that now spends much more time at home rather than commuting or sitting in an office. These are some of the reasons why a recent article finds that the pet insurance market is expected to grow to $50 billion within the next 10 years.

For brokers and employers, learning more about how pet insurance works and how this voluntary benefit fits into the overall benefits package can help their organization. In this podcast called “Why Pet Insurance is Here to Stay,” BenefitsPRO contributor Michael Krieger speaks to David Hurley, Director of Sales for Voluntary Benefits and Member/Specialty Groups at Nationwide, about pet insurance including:

• How the pandemic and the push to work from home drove employees to adopt pets and increased the need for pet insurance.
• What brokers and employers need to know about how pet insurance is changing and adapting to these circumstances.
• How employers can leverage pet insurance as a voluntary benefit to support their workers.

This podcast episode is the first in a series called Nurturing Employees’ Relationships with Pets Brings Rewards for All, which is hosted on BenefitsPRO and sponsored by Nationwide.