Three Factors for Choosing Massage Insurance
If you are having any difficulty deciding on which massage therapy liability insurance policy will be the best one for you and your practice, there are a couple of methods of making the right pick. The key is to compare three factors: price, core coverage and perks. By comparing these three factors, you should be able to choose the massage therapy liability insurance that is sure to give you the most bang for your buck.
Obviously, price is going to be an important factor when it comes to selecting a massage therapy liability insurance policy. No professional massage therapist or bodyworker is going to want to pay more than he or she needs to in order to secure the necessary coverage. Due to the fact that the risk involved with the practice of massage therapy and bodywork is relatively low, you should be able to find a solid massage therapy liability insurance policy for a relatively low price—less than a couple hundred dollars per year.
Once you have narrowed your selection down to those massage therapy liability insurance programs that are offered for such a reasonable price, then you can turn your attention to the core coverage provided by each policy. Basically, you need to make sure your massage therapy liability insurance includes malpractice or professional insurance, general liability insurance and product liability insurance.
The first piece of core coverage, malpractice or professional liability insurance, is the component of your massage therapy liability insurance policy that will be there to provide the necessary financial assistance in case a client ever claims damage or injury due to a lack of skill or competence on your part as the professional massage therapist or bodyworker.
The second piece of core coverage, general liability insurance, is the portion of your massage therapy liability insurance policy that is designed to provide financial assistance in case a client happens to suffer an accident on your property, such as tripping and breaking her ankle on the way in the door or falling off the massage table and breaking his wrist.
The third piece of core coverage, product liability insurance, is geared toward dealing with client claims of damage or injury due to a product used during the massage therapy or bodywork session. This kind of coverage would apply if, for example, your massage table happened to malfunction during the session and cause your client to fall off the table.
Knowing the price is right and these three pieces of core coverage are in place, you can then begin to focus on what extra perks or other kinds of coverage a massage therapy liability insurance policy happens to offer.
Some massage therapy liability insurance programs offer rental damage coverage, lost or stolen equipment reimbursement and even identity protection insurance—on top of the key components of coverage discussed above. As for those extra perks, these might include benefits such as free newsletter and Web site templates for your practice.
Clearly, it pays in more ways than one to compare what each massage therapy liability insurance policy has to offer and make the right pick for you and your practice.