Whether you own a medical spa or a day spa, the treatments and services you provide to your clients involve a high level of personal interaction. And the more personal interaction your business has, the higher the exposure to liability risks. Medical spas (or medispas), in particular, face larger risks due to the procedures they do, like laser hair removal and other procedures utilizing medical equipment.
Fortunately, our independent insurance agents are here to eliminate the hassle of searching on your own by walking you through a hand-picked selection of top insurance policies to cover both your business and your employees. But first, let’s talk more about the protection you need and why you need it.
Example: In 2009, a North Carolina woman won a $500,000 judgment against a medispa after she contracted a serious blood infection that she claimed developed from a procedure done to reduce stomach fat. Another woman sued a Chicago medispa in 2007 for burns on her legs after a laser hair removal procedure, which was settled for $100,000 out of court.
Spas are becoming a massive target for litigation, these days.
This is partially because of how they’re popping up around the country, and partially because of the invasive nature of the procedures.
Malpractice suits can quickly grow to millions of dollars in settlement costs and legal fees. And it only takes one major claim against you to drain your accounts and assets, and close your business. You can protect yourself from the financial disaster of a lawsuit by purchasing a comprehensive spa insurance policy.
No matter what kind of spa you own or what kinds of services you offer your clientele, you probably need these basic forms of insurance coverage:
The most important coverage for a medical spa is professional liability for every employee who provides treatment. If a client claims they were injured after treatment in your spa, your liability policy can cover the cost of your settlement, including damages for pain and suffering.
Because medical spas often perform procedures involving anesthesia, harsh chemicals, laser treatments, and injections, it’s especially important to make sure the professional liability policy you choose covers all of the services your spa provides.
A comprehensive professional liability policy would include:
Other coverages your medispa may need include:
Your day spa may include services that relate to relaxation, skin care, weight loss, and a lot more. And depending on the full menu of services you offer, you’ll need a unique set of coverages to protect your business, including:
Other forms of day spa insurance you may need include:
If you own a day spa or medical spa you need insurance that covers each technician for all of the treatments they provide. Many spa insurance policies exclude certain services from coverage, so it’s important you examine your policy carefully to be sure there are no gaps in coverage.
Our agents will review your needs and help you evaluate the spa Insurance coverage that makes the most sense. They’ll also compare policies and quotes from multiple insurance companies to make sure you have the right protection in place. They'll hook you up — in a comprehensive and affordable way.
Independent insurance agents excel at matching the most appropriate policy to the business in need. Shopping around for insurance policies can be tricky, confusing, and time-consuming, and an independent insurance agent's role is to simplify the process.
They’re also there to help make sure you get the absolute best deal, and the one that meets your unique needs. They shop and compare insurance quotes for you, and they'll break down all the jargon so that you understand exactly what you're getting.