MEDICAL SPA INSURANCE IN MASSACHUSETTS

What Protections Does Med Span Insurance Come With?

As mentioned, spas can usually customize the coverages within their particular med spa insurance policy. There are many different coverages that a spa may choose from, including both property coverages and liability coverages.

Property coverages primarily guard physical assets that a business has, and there are several different property coverages available:

• Commercial Property Coverage, which might cover spa-owned buildings, equipment and inventory on its premises
• Equipment Breakdown Coverage, which might cover essential spa equipment if the equipment breaks down
• Business Income Coverage, which might cover extended periods of revenue loss that follow certain disasters

Liability coverages primarily guard against situations where another party might hold a business responsible for injury, damage or other harm. Numerous liability coverages are available to spas:

• General Liability Coverage, which might cover slip-and-fall accidents, other basic accidents and defamation claims
• Product Liability Coverage, which might cover injuries and damage caused by products that are sold or used in treatments
• Anesthetist Liability Coverage, which might cover RN anesthetists who are employed by a spa
• Professional Liability Coverage, which might cover non-RN employees if they make a mistake
• Cyber Liability Coverage, which might cover data if it’s compromised in an online attack or accidental breach
• Regulatory fines and Penalties Coverage, which might cover certain regulatory violations
• Commercial Umbrella Coverage, which might cover large lawsuits by providing a secondary layer of protection.

Spas can get help sorting through all of the available coverage options by talking with an insurance agent who specializes in these types of policies.