US-based supplier of office advantages Unum, in collaboration with insurance coverage firm Nationwide, has launched a brand new pet insurance coverage product.
Known as Unum Pet Insurance coverage, the brand new providing comes alongside the client’s Unum voluntary advantages.
It contains reimbursement choices of fifty% and 70%, together with entry to Nationwide’s VetHelpline, a digital veterinary help service.
The brand new Unum Pet Insurance coverage gives clients with numerous different options together with reductions on eligible pet prescriptions at collaborating pharmacies and protection for emergency boarding prices if the pet proprietor is hospitalised on account of sickness or damage.
Moreover, there may be elective wellness protection for routine pet care bills akin to physicals, vaccines and flea and tick remedies.
Unum Pet Insurance coverage additionally gives advantages akin to misplaced pet help, which covers promoting prices and rewards for locating a misplaced pet, and extra protection if the pet stays lacking after two months.
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The insurance coverage answer extends to mortality or life insurance coverage options, protecting as much as $1,000 for euthanasia, cremation, burial and the unique value of the pet.
Unum Group govt vice-president of voluntary advantages and president of Colonial Life, an Unum Group firm, Tim Arnold mentioned: “We’re thrilled to be rounding out our voluntary advantages portfolio with the addition of Unum Pet Insurance coverage. As workforce wants and worker expectations evolve, we should too. Workers need greater than safety for themselves – they wish to guarantee their households are cared for as properly.
“For employers, you will need to do not forget that everybody defines household otherwise, and for a lot of, pets are simply as necessary as some other member of the family.”
Nationwide vice-president of gross sales for pet insurance coverage Melissa Beautiful mentioned: “Employers are on the lookout for each lever to maintain their greatest staff and appeal to high expertise, and analysis exhibits that providing pet-related advantages gives that aggressive benefit.
“This partnership between Nationwide and Unum positions our industry-leading corporations to help a better variety of pet-owning staff and supply extra look after extra pets.”
In different US pet insurance coverage sector information, final month, Chubb agreed to amass Wholesome Paws, a pet insurance-focused managing normal agent.
Wholesome Paws, based in 2009, insures greater than 500,000 canines and cats throughout the US. Chubb acknowledged that this acquisition will assist it faucet a market with appreciable development potential.
