Employee Benefits

by Pawlicy Advisor
Dictionary
>
Pet Insurance Terms
>
Employee Benefits

What are Employee Benefits?

Employee benefits are a form of non-wage compensation provided to employees in addition to salary or wages. Employee benefits can improve overall workplace satisfaction and strengthen employee retention rates. Traditional employee benefits include health insurance, a retirement plan, and paid time off (PTO).

Many companies have started offering new, innovative employee benefits - such as flexible hours, gym memberships, and pet insurance - to recruit top talent in the Millennial workforce.

How Employee Benefits Works

Employee benefits work differently at every company, because employers decide which benefits to offer and how to structure them. For example, some might provide unlimited time off while others accrue PTO on an annual basis. Human Resource departments find that benefits packages work best in terms of recruitment and retention when they address practical needs.

In light of the growing number of pet owners - especially in the wake of COVID-19 - and the rising cost of veterinary care, pet insurance has become an increasingly popular benefit to offer employees.

Pawlicy Advisor offers free employee benefit services, so employers and their employees can receive pet insurance discounts.

By partnering with Pawlicy Advisor, you get the flexibility to choose between popular insurance providers so you can find a plan that fits your unique business budget, with enrollment options for accident-only, accident-illness, and pet wellness plans. We want you, your employees, and your pets to have the best pet insurance policies available, so we analyze thousands of quotes from top providers to find you a plan with the best rate, customized to your pet’s breed-specific risks.

Similar to traditional benefit packages, one-size-fits-all insurance policies are becoming a thing of the past. Build your company’s future with young, innovative employees by offering sought-after perks from Pawlicy Advisor - the pet insurance marketplace veterinarians recommend.


Key Takeaways

  • Employee benefit packages add value to workers’ base compensation rate and the company’s bottomline.
  • Employees are generally more motivated to work for employers who demonstrate care in their personal lives, including potential family obligations, health and fitness, and pet companions.
  • The majority of Americans have at least one pet, so pet insurance can be a significant HR benefit that offsets veterinary care costs.

Continue Reading

Enrollment
For pet insurance, enrollment is the process of registering your pet with an insurance provider/carrier after they’ve approved your application.
Read More.
Enrollment Date
An enrollment date is the date you purchase a pet insurance plan after they have been fully enrolled and accepted by an insurance provider.
Read More.
Exclusions
Exclusions are medical conditions or services that are not covered under your pet insurance plan.
Read More.

See related articles

This pet insurance comparison guide will help you understand the types of pet insurance available, find out what each plan covers, discover top providers, and find the best coverage and price options across the web.

17 minute read

How To Compare Pet Insurance Plans

Pet insurance can help you pay for the cost of veterinary care if your pet becomes sick or injured. Learn more about how pet insurance works and what it covers here.

18 minute read

How Pet Insurance Works: Your Essential Guide

Wondering if pet insurance is worth it for your dog or cat? We cover EVERYTHING pet parents should consider when making the decision to enroll in coverage.

16 minute read

Is Pet Insurance Worth It? Here's A Vet's Perspective

If your pet has a pre-existing condition, don’t panic just yet. You can still get pet insurance coverage, and you likely have other options to save on your vet bills, too.

7 minute read

Is There Pet Insurance That Covers Pre-Existing Conditions?

Girl holding dog

Compare Top Pet Insurance Companies

A family with pets that are insured by Pawlicy Advisor
Pawlicy Advisor is the leading independent marketplace for finding the best coverage for your pet at the lowest rate.
Join 2,438,795+ insured dogs and cats across the US.
Get a Quote
Our pet insurance partners
ASPCA Pet Health Insurance Logo
Pets Best Pet Insurance Logo
Embrace Pet Insurance Logo
Pumpkin Pet Insurance Logo
MetLife Pet Insurance Logo
Prudent Pet Insurance Logo