Opening a pet boarding service can be a profitable opportunity. Even day-time pet boarding is a popular way to care for animals who would otherwise be at home alone.  

However, establishing this business takes some work. A key component of the process is obtaining business insurance. Proper business insurance helps minimize financial loss. It aids in providing several types of protection. What does a pet boarding service need in business insurance? 

Property Coverage 
It's safe to say most pet boarding services operate out of a building. Whether leased or owned, proper business insurance covers the property itself. It should provide coverage from perils such as fire, theft, vandalism and storm damage. The policy may help rebuild the property in a total loss. This coverage should be at least the value of the structure. Increase this to the cost to rebuild for ample protection. Ensure this coverage extends to your specific coverage. 

Contents Insurance Coverage 
From cages to various types of equipment for managing pet needs, most companies have numerous assets on hand. Contents insurance covers the value of your assets when a covered event occurs. Most policies limit this to 10 percent of the total value of the claim. 

Liability Insurance Coverage 
This is one of the most important types of coverage for pet boarding service. A basic, general liability policy is the start of coverage. It protects against claims of negligence from others. This is essential. It can help when an animal suffers an injury. It can help if the pet gets out. It also covers injury to those who visit your property and fall.  

Liability insurance minimizes costs to you for claims made against your company. Some companies may wish to extend this coverage. Umbrella insurance can do that. It increases the limit of coverage. It may also cover more types of loss. 

Traveling Providers and Other Coverage 
Some pet boarding facilities provide other services. Some even travel from place to place to pick up their clients. When this occurs, customized insurance is necessary. Consider commercial auto insurance for any vehicle driven for business needs. Companies that provide medical care or grooming may need professional liability insurance as well. This adds another layer of protection for the company. 

Invest wisely. Proper business insurance keeps your company operational when a risk occurs. There is no way to prevent all risks. However, pet board services can minimize many of those risks with proper insurance. Discuss your needs with your insurance agent at length. Be sure to choose the right policies with the right limits to safeguard your business.