Pet Industry Quick Facts

Having more information helps you understand your industry and its trends, and the resulting impact on your business.

Did you know?

• According to the American Pet Products Association (APPA), pet store customers spent an average of $41.89 per visit in 2007.
  That number represents a lot of customer traffic in your store. Protect your business from customer injury claims with General Liability Insurance.
  
  
• The fastest growing pet product categories for 2009 are expected to be dog and cat food, natural and organic pet food, and treats, says Pet Age Magazine.
  Be confident of the quality of the products you sell and be aware of any recent recalls. Product Liability Insurance provides coverage in the event of an accidental injury to a pet from a product you sell.
  
  
• A recent study by the American Kennel Club found that 59% of owners would home-perm or color their hair in order to keep their dog’s appointment at the groomers.
  If something goes wrong during a client’s grooming, Professional Liability Insurance protects your groomers against claims from unhappy pet owners.
  
  
• In 2008, an estimated 3.2 billion was spent on pet services like grooming and boarding, says the APPA.
  If your employees drive their own vehicles for your business or you rent a vehicle, you need Hired and Non-Owned Auto Liability in addition to basic Business Auto Liability to protect the business if an accident should occur.
  
  
• According to Pet Age Magazine, more than two-thirds of pet retailers have a web site.
  A businesses website is a great place to get information about the business. Be sure to check out all of the valuable information Nationwide has to offer on our business website, including the free Loss Control Safety Bulletins and Online Safety Training.

Product, coverage, discounts, insurance terms, definitions, and other descriptions are intended for informational purposes only and do not in any way replace or modify the definitions and information contained in your individual insurance contracts, policies, and/or declaration pages from Nationwide-affiliated underwriting companies, which are controlling. Such products, coverages, terms, and discounts may vary by state and exclusions may apply.