BREA, Calif., June 17, 2015 /PRNewswire/ -- National "Take Your Dog to Work Day" is Friday, June 26. While not all companies allow furry four-legged friends in the workplace, one in every three Fortune 500 companies offers Veterinary Pet Insurance (VPI) as a voluntary benefit, making it available to millions of employees throughout the U.S.
As one of the fastest-growing voluntary benefits in the U.S., more than 4,000 companies and organizations have added VPI (a Nationwide company) to their voluntary benefits portfolio, including Chipotle Mexican Grill, Hewlett-Packard, Levi Strauss & Co., Microsoft, T-Mobile, Xerox, adidas and Yahoo!.
"Since more than two-thirds of Americans own at least one pet, offering pet insurance will appeal to prospective pet lovers and retain current pet-owning employees," said Deana Single, director of group accounts for VPI. "Additionally, pet insurance can be added to a company's benefits package at no cost to the business."
As the popularity of pet health insurance expands, some companies are subsidizing a percentage of their employee's cost, with several companies now paying as much as 100 percent of their employees' pet insurance premiums.
When a company adds VPI to its benefits package, employees are eligible for a five percent discount on their medical policy premium. Plan options and premiums vary, but start at approximately $10 per month and average $24 to $34 monthly. Many companies allow employees the opportunity to pay their premiums via payroll deduction, with no administrative responsibilities for employers.
About Veterinary Pet Insurance
With more than 525,000 pets insured nationwide, Veterinary Pet Insurance Co./DVM Insurance Agency (VPI), a Nationwide company, is the first and largest pet health insurance provider in the United States. Since 1982, VPI has helped provide pet owners with peace of mind and is committed to being the trusted choice of America's pet lovers.
VPI plans cover dogs, cats, birds and exotic pets for multiple medical problems and conditions relating to accidents, illnesses and injuries. Wellness coverage for routine care is available for an additional premium. Medical plans are available in all 50 states and the District of Columbia.
Insurance plans are offered and administered by Veterinary Pet Insurance Company in California and DVM Insurance Agency in all other states. Underwritten by Veterinary Pet Insurance Company (CA), Brea, CA, an A.M. Best A rated company (2013); National Casualty Company (all other states), Madison, WI, an A.M. Best A+ rated company (2014). Veterinary Pet Insurance, VPI and the cat/dog logo are service marks of Veterinary Pet Insurance Company. Nationwide, the Nationwide N and Eagle, and Nationwide Is On Your Side are service marks of Nationwide Mutual Insurance Company. ©2015 Veterinary Pet Insurance Company and Nationwide. Pet owners can find VPI on Facebook or follow @VPI on Twitter. For more information about VPI, call 800-USA-PETS (800-872-7387) or visit petinsurance.com.
SOURCE Veterinary Pet Insurance