Insurance World

According to a report published by research group Mintel, one in three pets needs an unforeseen visit to the vet each year. This implies you’re more likely to make a claim on your pet insurance than on your car insurance or even your home & contents policy.

The word “unforeseen” is key here. If you’re looking for pet insurance to provide cover for routine treatments such as teeth cleaning, vaccinations or nail trimming, forget it – policies which provide that are as rare as hens’ teeth! Neither will you find cover for elective treatments, such as neutering and identity chipping. This means that the most common grounds for visit the vet are uninsurable.

But it’s those unexpected visits that tend to be the high-priced ones! Developments in vet nary care mean that new and more complex conditions can be effectively treated. But the cost of emergency care can be horrendous. A cat that failed to cross the road could easily cost Ј700, even more, to treat. After all, a series of X-rays could cost Ј400 complete with anaesthetic, and you’ll have no change from Ј1,000 for a MRI scan. If Lassie the Labrador tore a ligament that can now be treated – but the cost? Wait for it – around Ј1,500! This is serious money!

Having appreciated that most reasons for an appointment at the vet are uninsurable, what do we get for our premiums?

Pet insurance policies basically fall into three categories. The first limits the value of the claim for each condition or event; the second places a maximum value on the total annual payout and the third and cheapest option, limits the payout per condition and ends cover after 12 months of treatment. And with all policies you will have to pay an excess on any claim, usually between Ј50 and Ј100. The majority of these plans payout a fixed sum if you pet dies.

And the cost? Well, that depends on which type of policy you select, the excess you want to pay, the kind of pet you have, its breed, its age and even your post-code (apparently vets are more expensive in Kensington!). But as a guide, an industry expert estimates costs between Ј50 to Ј500 for Lassie and Ј30 and Ј200 per year for puss.

The best advice is take out a policy when your pet is young. Most pets can be insured after they’re 8 weeks old and then you keep the insurance in place for the rest of its life. If you’re looking for a policy for a pet that’s in it’s middle age, say eight or nine for a dog, then it may be difficult to get worthwhile cover. That’s because starting a new policy in your pet’s middle age will be expensive and in any case you’ll be unable to claim for treatments for any existing health conditions.

So how can you reduce the premiums? Sometime you can get a discount if you pet has been identity chipped and quantity discounts are usually available for second and subsequent pets. Beyond that you simply have to shop around. Thank goodness for the Internet!

The Internet is taking an increasing share of the insurance market and no wonder – it makes shopping simple, quick and easy. What’s more it’s probably the cheapest starting place for all your insurance whether it be for your car, home, or pet. Let your keyboard take the strain.

Companies today are increasingly looking for ways to cut expenses and improve profit margins. Among their greatest expenses are fringe benefit costs associated with employee health care.

As such, many are looking at how the lifestyle habits of their employees - such as smoking - are affecting their bottom line.

Medical care and lost productivity cost employers about $3,856 per smoker per year, according to the Centers for Disease Control and Prevention. Men who smoke pay $15,800 more for medical care over their lifetimes and miss four workdays more per year than nonsmoking men; female smokers shell out $17,500 more in lifetime medical expenses and miss two days more from work than women who do not smoke, according to the CDC.

Some companies refuse to hire smokers or demand that their employees quit smoking or lose their jobs. Others are setting policies restricting smoking on or around company property and offering bonuses or other incentives for employees to quit smoking.

For those who want to quit but have failed with various cessation methods, one company says it has a unique solution that may help them kick the habit for good.

Safer Smokes Inc. offers a smoke called Bravo that has all of the characteristics of a tobacco cigarette with three key differences: no nicotine, no tobacco and none of the dangerous carcinogens derived from the additives found in commercial tobacco cigarettes. In lieu of tobacco, Bravo smokes are made with enzyme-treated lettuce leaves.

“You give up the nicotine and harmful tobacco without having to give up the physical behavior of smoking,” said Dr. Puzant Torigian, chairman and founder of Safer Smokes. “Once the nicotine leaves your system, the urge to smoke leaves you as well, and you smoke your way out of the habit just like you smoked your way into it.”

“For smokers challenged to quit the habit or quit the job, the key is to find a cessation strategy that works for them,” Torigian said. “Of all the choices on the market, Bravo is the only product available today that lets you quit the nicotine and tobacco habit immediately while you smoke your way out of the habit gradually.”