September 1, 2020
(MAYFIELD VILLAGE, Ohio, and Boise, Idaho, Economic & Insurance News by Insurance Market 360 – www.insurancemarket360.com) – Individuals bond with their pets, and it’s become increasingly obvious just how important that bond is. More and more, people are looking for insurance that can help them to pay when their cherished pet suffers a medical emergency or needs an expensive treatment. Progressive recognizes that need and has developed a relationship with Pets Best, a part of CareCredit and Synchrony, which allows them to offer Progressive Pet Insurance by Pets Best
Progressive Pet Insurance by Pets Best is available to all U.S. companies looking to add pet insurance as a voluntary employee benefit. It will be written and serviced by Pets Best.
This voluntary benefit offering is just the latest in Progressive’s collaborations with Pets Best pet health insurance since 2009.
The American Pet Product Association (APPA) reports that approximately 85 million households in the U.S. spent a combined $29.3 billion on veterinary care.
“Pet ownership in this country is at an all-time high, and costs for veterinary care continue to rise as we see more sophisticated medical technologies and improved treatment options. To help address this challenge, many pet owners are turning to pet insurance for protection,” said Chris Middleton, Senior Vice President and General Manager of Pets Best. “This expanded product offering with Progressive allows us to reach even more business owners, HR managers, brokers and decision makers who turn to Progressive for their commercial insurance needs.”
Employers pay nothing extra if they opt to add Progressive Pet Insurance By Pets Best to their benefit offerings. Pet insurance is available to companies of all sizes and can be added anytime. It offers employers the option to pay for all of the pet insurance or just a portion, passing a portion to the employee. Or, companies can choose to have their employees pay the premiums directly. Payroll deduction is also available to companies with at least 250 employees.
“We understand that employers are looking for ways to create more comprehensive and competitive benefits packages,” said Drew Purcell, Business Development Leader at Progressive. “Employees are placing increased importance on work perks that complement their lifestyles and recognize what’s important to them. By offering pet insurance as a voluntary benefit, employers can tap into the strong bond that many people have with their pets.”
Progressive Pet Insurance by Pets Best provides employers and their employees flexibility. The pet health benefit is easy to implement and can integrate on any benefit enrollment platform. Enrollees can select the amount of coverage that best fits their needs and have access to a free 24/7 Pet Helpline to address any pet wellness questions or concerns.
Companies interested in offering pet health insurance as a voluntary benefit can learn more by visiting.
Source: Progressive Casualty Insurance Company.
https://progressive.mediaroom.com/news-releases/?item=122473