Professional Malpractice Insurance

One great way to take a look at risk versus reward in action is to consider a business decision that professional touch therapists are frequently faced with, which is the question of whether or not to purchase professional malpractice insurance.

For those folks who work in this healing field each day, it can be tough to understand why one would ever need professional malpractice insurance. However, this type of insurance has been created specifically to protect massage therapists and bodyworkers from the possibility of a law suit brought on by a client, as well as the loss or damage of equipment and rental space.

Let’s take a look at the risk to reward ratio as it applies to the purchase of professional malpractice insurance. A high quality policy usually will charge an annual fee, which can be paid all at once or broken up in separate payments. The total fee is usually less than $200, and this represents your “risk.”

In terms of rewards, a good massage liability insurance policy should protect the practitioner from a variety of unexpected circumstances. For one, this policy should deliver the “reward” of protection against a malpractice suit, which would mean a client claiming damage or injury due to misconduct or lack of ordinary skill on the part of the massage therapist or bodyworker.