Medical spas offer a unique experience for their clients, providing both a relaxing day-spa atmosphere and offering cosmetic procedures typically found at a doctors office. In addition to typical insurance claims related to burns and allergic reactions, medical spas must also be concerned with medical-related claims such as malpractice.
As such, medi-spas require specialized insurance policies that can cover all aspects of the treatments and services that they offer.
Common medical spa-related claims include:
- Allergic reactions
- Medical complications
- Personal injury (both customers and employees)
- Vandalism and property damage
The medi-spa market can be ultra competitive. Even alleged negligence can set your business back in a major way. Ensure that you have the best coverage for your businesses with customizable insurance packages.
ARC Insurance’s brokers have conducted extensive research in the Edmonton marketplace and have an intimate understanding of a medical spa’s insurance needs.
Our coverage options include:
- General liability coverage: A must for any business, this coverage protects against injuries such as slips and falls, and accidental property damage
- Professional liability coverage: More in-depth than general liability, this coverage protects you against claims stemming from negligent error in the performance of your services (i.e. burns or allergic reactions from treatments)
- Contents insurance: Your tools and equipment are expensive. Ensure that they’re protected in case of theft, vandalism, or fire
- Cyber liability insurance: The medicinal aspect of your business involves storing sensitive personal information. Be protected in case of a breach or hack
- Business income insurance: A fire or stolen/damaged equipment could leave your business closed for weeks or even months. This coverage helps cover ongoing expenses such as wages and utilities, and accounts for lost profits while you’re closed.
Small business insurance can seem complicated, but it doesn’t have to be. ARC Insurance boasts a team of talent commercial brokers to ensure that your medical spa has the proper coverage for the best price.