Facial spas offer facials, anti-aging treatments, skin peels, waxing, and other skincare services for individual customers, typically in a serene and relaxing environment.
Some facial spas may also combine the setting of a day spa with certain services performed by licensed, educated, and trained medical professionals. These services may range from chemical peels and laser hair removal to Botox injections, and require high levels of expertise—and assume high levels of risk when something goes wrong.
Facial spa owners also have the same risks as many other business owners who deal with the general public, have physical assets, and can be sued for any reason, with or without merit.
Why Do You Need Facial Spa Insurance?
Operating a facial spa can be very rewarding, but one fire or lawsuit can destroy your business for good. You need facial spa insurance to protect your assets from a variety of unique risks:
- Property damage risks (fire, theft, vandalism)
- Liability risks (customer trips and falls, other customer injuries)
- Professional services risks for medical directors, estheticians, and other employees
What Does Facial Spa Insurance Cover?
Facial spas face many of the same risks as typical retail or office settings, including fire, theft, vandalism and weather events, as well as slips and falls on the property and other third-party injuries or property damage. In addition, facial spas have professional liability exposures that are unique.
You need custom insurance coverage for the unique and not-so-unique perils that you face in your day-to-day operations. Your facial spa insurance should include the following types of policies and coverage.
- Commercial property insurance: Facial spas have to protect their business property from catastrophic loss. You must protect your building if you own it, as well as be able to pay your bills and resume operations if you have to close for repairs after a storm, a fire, or some other unforeseen event. Talk to an independent insurance agent about coverage for furniture, fixtures, spa beds, and all other spa contents, as well as expensive equipment (e.g., lasers), whether it's owned or leased.
- Business interruption/business income coverage: You still need to pay for expenses like rent and employee salaries if your facial spa must close to make repairs after a fire, storm, or some other covered event. This coverage helps you stay afloat while you have an interruption in your day-to-day operations.
- Commercial general liability (CGL) insurance: You can be held responsible for injuries or property damage that affect customers, vendors, or other members of the general public while at your facial spa. Slips and falls, falling fixtures, and faulty products leave you vulnerable to claims and costly lawsuits that could put you out of business. A CGL policy provides broad coverage for bodily injury or property damage that occurs on your premises.
You may want to consider a business owners policy (BOP). They are designed for small businesses and include liability, property, and business interruption insurance in one affordable package policy.
Facial Spa Professional Liability Insurance
Some facial spas offer services beyond simple facials, from fillers and laser hair removal to chemical peels, microblading, and more. The consequences of botched service can be devastating for a patient. And even if a claim is unfounded, anyone can sue you for any reason, and you have to be prepared for (and financially capable of) defending yourself.
If your facial spa employs a medical director or skilled practitioners (e.g., nurses, laser technicians) who administer treatment like facial fillers or laser hair removal, you probably need professional liability insurance, or malpractice insurance. It covers your business for negligence claims that result from mistakes or failure to perform professional services.
Even if you don't offer these more complicated and invasive services, you may still need professional liability insurance for your estheticians and other service providers.
Many traditional medical malpractice insurance companies don't offer coverage for facial spas because of their varying and unique services and risk exposures. But an independent agent can help you find an insurance company that specializes in spa malpractice insurance, so you can be sure you have the protection you need.
Your agent can help you find a facial spa professional liability policy that covers your business, your medical director, and all of your practitioners (estheticians, nurses, laser technicians, etc.) —including independent contractors—who provide services in your facility. What’s more, depending on the services you offer, you may need coverage that protects you from medical board allegations, sexual abuse allegations, and HIPAA privacy breach claims.
How Much Does Facial Spa Insurance Cost?
Your facial spa insurance cost depends on a number of factors, such as the size and location of your physical space, the value of your business property, the types of services you provide, and the number of employees you have.
With a proper valuation of your property and careful analysis of your professional liability risks, an independent agent can help you find insurance companies that specialize in facial spa insurance at a price that fits your budget.
Find and Compare Quotes
An independent agent can work with you one-on-one to determine the types and amounts of coverage you need to protect your business from a variety of costly problems. Your agent can get quotes from multiple insurance companies so you can evaluate the cost and coverage options and make the best choice.
Benefits of an Independent Agent
Independent insurance agents simplify the search process for finding the right facial spa insurance. They’ll walk you through some handpicked policy options and explain the details and options.
Most importantly, they’ll be there for you when claim time comes. They know the ins and outs of the process and will make sure your claim is handled appropriately.
The Lowdown on Online Quotes
Online quotes can be tempting. They are fast and easy to get—but are they accurate? And are you getting quotes for the right coverage? For business owners, choosing speed over accuracy can cost you.
Online quotes can’t and don’t see the whole picture. They can leave out important coverage that will leave you devastated if something unexpected happens. And they can leave out cost-saving opportunities that an agent can help you take advantage of.
Instead of getting an online quote, find an independent insurance agent now, and get one-on-one consultation and affordable options for the best coverage for your unique needs.
TrustedChoice.com Article | Reviewed by Paul Martin
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