If you work as a massage therapist, then you know how invaluable your skills are. Perhaps you work in a clinic, or own a clinic, and delight in helping people feel more relaxed in a busy world. Or, maybe you work specifically with sport injuries and help athletes recover quickly. Perhaps you help the elderly maintain and improve mobility as they age. There are many massage therapy treatments that are beneficial to the public. But in offering services that are often in an intimate environment where you are responsible for helping bodies heal, you also open yourself up to a range of risks.
However, with the right insurance policy you can protect yourself against many of these risks. Your insurance company will help you financially in the event an accident causes you to experience a financial loss. For instance, say a client makes a claim alleging bodily injury because of one of your treatments. With the right massage therapy insurance coverage, you can have peace of mind knowing you're protected from a range of risks.
Essentially, massage therapist insurance in Ontario is a business insurance coverage package that includes a variety of protections for your massage therapy business. Whether you are a registered massage therapist or a non-registered massage therapist, it's essential that you have the right coverage plan. Without proper coverage, you could wind up in serious financial trouble due to a variety of reasons—from lawsuits filed against you to a fire breaking out at your workplace.
By working with a licensed Morison Insurance broker, you can have peace of mind knowing you're protected from a variety of perils. All of our brokers are highly experienced and will shop around Ontario's top insurance agencies to find the best policy for your needs.
Any health professional who works as a massage therapist needs massage therapist insurance. This includes both registered massage therapists and non-registered massage therapists. If you don't have coverage and are offering massage therapy services, then you may find yourself liable for significant financial damages and costs in the event that an accident happens. Proper coverage for massage therapists is essential because of the amount of risk you are subject to in your line of work. Some health care disciplines that need massage therapy coverage include:
Different insurance packages offer different levels of coverage. For instance, one Insurer may provide massage malpractice insurance and massage therapy liability insurance, but cyber liability insurance needs to be added on to the policy as a floater. Since insurance can be so nuanced and you want to make sure you have the best coverage possible, it's essential that you speak with a licensed broker such as the team at Morison Insurance. We'll walk you through the details of various insurance packages and policies so that you can have peace of mind knowing you're properly protected.
Medical malpractice insurance is a specialized type of professional liability insurance. Also known as medical practitioner insurance, it is divided into two categories: per occurrence and claims-made insurance. The former covers claims through the policy that was in force at the time the incident occurred.
Thus, you'd be protected for claims filed outside of your insurance coverage as long as the incident happened within the time you had coverage. Meanwhile, policies written on a "Claims-Made" basis refer to the policy in force at the time the claim is made against you, regardless of when the loss occurred in the past. Usually, this type of insurance requires a longer length of coverage in order to protect you and/or your business.
Do you own a clinic or a spa? If you are a business owner responsible for a commercial property, then you need commercial property insurance. This type of massage therapist insurance plan will protect your business from a range of perils, including a fire, vandalism and theft. Essentially, commercial property coverage protects the physical building and its contents from external risks.
This does not include internal risks, such as damage that occurs due to poor maintenance or wear and tear. While some perils are not included outright in the policy, such as flooding sewage or earthquake damage; sometimes you can purchase add-ons that offer additional protection for these perils.
Do you drive to client's homes? Perhaps bringing equipment with you, such as rubber bands, a table, massage oils or sandbags? If so, then you should know that if anything happens, your vehicle and equipment will not be covered under a personal auto insurance policy. This is because the moment you use your vehicle for commercial purposes, it needs to be covered with a commercial auto policy. Otherwise, if you are in a collision while heading to a client's home, you may not be covered.
Also known as Errors and Omissions coverage, Professional Liability coverage is an integral part of a massage therapist insurance policy. It provides coverage in the event that a client or third-party claims they experienced financial losses/financial damages due to your alleged negligence, bad advice, breach of contract or, misconduct and failure to deliver a promised service.
For instance, an example of a claim could be if you were massaging an athlete who relies on their physical prowess for their livelihood. Say you prescribe a set of exercises and they wind up hurting their knee beyond repair as a result of your advice. This could cost them their career—and give them license to sue you. With professional liability coverage, you could be financially protected from legal fees, defense fees, settlements and medical costs.
Commercial general liability insurance provides coverage for two main arenas: allegations of third-party property damage, and allegations of third-party bodily injury. For instance, say you drive to clients' homes to provide your massage therapy services. If you accidentally knock over a valuable vase or antique while setting up and it breaks, you could be responsible for financial damages.
Likewise, if a client trips on your equipment and falls, you could also be responsible for any damages incurred. Protect yourself with the right insurance policy.
If you operate a massage therapy clinic or service out of your home, then you need to let your insurance provider know asap. If an accident happens and a loss occurs, you will not be covered under a standard homeowners insurance policy.
For instance, say your massage table is stolen or damaged during a break-in. Most likely you will not be covered for this loss under your home insurance policy. Likewise, if you're seeing clients at your residence and an injury occurs, you will need separate coverage for this peril.
You likely have a few pieces of equipment and tools that should be covered with a massage therapist insurance policy. Some of these tools might include tables or medicine balls. Others may be far more advanced, like a float spa or a cryotherapy chamber.
You should make sure that all aspects of your massage therapy care are properly insured. Replacing damaged or stolen equipment can be frustrating—if not downright financially crippling. Don't take that risk. Make sure you're properly covered.
In the event that you're unable to work for an insured reason, for instance, say your clinic was in a fire, business interruption insurance will help you maintain your income up to the policy's limits. This will enable you to stay afloat while your clinic is being repaired/replaced. It's worthwhile to note that some business interruption insurance policies will also provide coverage for rent on your commercial space or for employee wages until business is back to normal.
As a massage therapist, you deal with sensitive financial and medical information. Protecting this information is essential. Likewise, it's essential to protect yourself in the event of a hack or cyber attack. If this private information is stolen, you could be in serious legal trouble.
With cyber liability insurance, you're financially protected in case of a cyber attack. This could include helping you pay for legal fees and recuperating other financial losses—such as if this information is held for ransom.
Your massage therapist insurance coverage can be uniquely tailored to your specific needs. This means you can add-on a variety of coverages, including many of those listed above, to your existing policy. To find out more about what additional coverages your insurance provider offers, make sure you speak with one of our dedicated Morison Insurance brokers.
Do you have questions about massage therapist insurance? Keep scrolling to see if we answer your questions here. Or, you're always welcome to give our friendly brokers a call. We love getting to know our clients and helping them find the best massage therapist insurance policy for their unique needs.
Massage therapist insurance costs vary per provider, by how much coverage you need, and by a range of factors pertaining to your business' size and insurance history. A few of these include, but are not limited to:
The best way to establish how much your unique massage therapist insurance policy will cost is by obtaining a quote from one of our qualified Morison Insurance brokers.
Different insurance policies have different limitations, depending on what level of coverage you choose. For this reason, it's important to speak with your Morison Insurance broker to fully understand what is and is not included in your massage therapist insurance policy.
For instance, if you're operating out of your home and don't have a home-based business insurance policy, you may not have coverage if your equipment is damaged in a fire.
It's important to gather all the necessary documents and information needed to get an accurate quote before purchasing insurance for massage therapists. Some of the documents you should prepare before applying for a quote include your payroll estimates, information regarding previous claims, and annual revenue estimates. In addition to providing that paperwork, you will also be asked a series of questions as part of the quote application process. Some of these questions may include:
Reach out to our friendly and experienced team today to get a massage therapist insurance quote. Each of our brokers are experts at finding our valued clients the best coverage possible at competitive rates. As a family-owned business, it's important to us that each of our clients feel like an extension of that family.
For this reason, we're known for going above and beyond for our clients every day. Building long-term relationships with our customers is one of our top priorities—along with finding you the best insurance coverage possible. We can be reached via the online form below, or at 1-800-463-8074.