If you’re like most Spa owners, you’re looking to expand your business and grab your piece of the growing beauty industry.   As a Spa owner, does your business insurance provide  the necessary protection against the potential exposures in your growing industry?  Consider this, in 2008, the International Spa Association estimated that there were 18,100 Spas operating in the United States alone.  Of that number, it also estimated that approximately 25% of those provide some type of medispa service.

The recent growth and increased access to new medical technologies have led to many Spas adding new services including:

• Cellulite Reduction
• Medical Peels
• Microdermabrasion
• Waxing
• Weight Loss Programs

As Spas continue to add more and more complex services, the risk and potential for suits continue increase.  As a result, Spa owners should communicate with insurance agents more than ever in order to protect themselves again liability claims.

Here’s a question for Spa owners.  Does your Spa Business Insurance policy protection you against the potential risks involved in your business?  Before you answer that question, consider this.  The average Medispa owner faces liability for the following exposures:

• Burned Skin from Lasers
• Slips and Falls in common areas
• Permanent Cosmetic Mistakes
• Sexual Abuse Claims from Massage services
• Disease from Waxing

In this new age of beauty, all policies are no longer created equally.  Every business insurance policy presents its unique set of endorsements (that add coverage) and exclusions (that remove coverage.) The basic spa policy covers many of the following services including: Hair Cutting and coloring, Tanning, Ear Piercing, Microdermabrasion, chemical peels,  pedicures and manicures.  The basic policy may be sufficient for your spa.  However, your policy may be inadequate if your spa provides any of the following services;

• Laser Celulite Treatments
• Acupuncture
• BOTOX
• Laser Spot Removal
• Hormone Therapy
• Smartlipo
• Ear Candling
• Tattoo Removal
• Wart Removal
• Teeth Whitening

As the medical spa industry continues to grow, it is important for your to keep your insurance agent up to date with  the latest changes and advancements in your business and industry.   For more information about Medi Spa Coverage and any additional types of business insurance protection, contact us online or call us at 214-717-4326.