Medical Spa Insurance in New Hampshire

Also providing medical spa insurance to residents in Massachusetts, Maine, Rhode Island, & Vermont.

Insurance24

What is medical spa insurance?

The services that medical spas offer come with certain risks, and these are in addition to standard risks of fire and theft that most businesses face. Medical spa insurance may help protect spas in New Hampshire from many of the risks they face, including both common and less common ones.

Medical spa insurance offers tailored coverage for medical spas. Policies usually come with a combination of property coverages and liability coverages, offering extensive protection.

What New Hampshire businesses need to carry med spa insurance?

Most medical spas in New Hampshire ought to have med spa insurance. This is usually the right insurance for spas offering Botox injections, laser treatments, chemical peels, and similar services.

Day spas that don’t offer medical services will likely find that day spa insurance is a better choice for them. Day spa insurance provides some similar coverages, but is tailored for spas focusing on massages, facials, and other non-medical services.

What protections do med spa insurance policies offer?

Med spa insurance policies can come with a variety of protections, most of which are either property coverages or liability coverages.

Property coverages mainly protect assets that a spa owns, such as its building or equipment. Some common property protections are:

• Commercial Building Coverage: May insure a building that a spa owns.
• Tenants Betterment Coverage: May insure improvements that a spa makes to a leased space.
• Contents Coverage: May insure equipment, furniture, supplies, computers, and other items a spa has.
• Business Income Coverage: May insure against revenue losses that follow certain disasters.

Liability coverages are primarily for situations where a spa could be financially responsible for another party’s harm. Some liability protections that med spa policies frequently offer include:

• General Liability Coverage: Might cover basic accidents (e.g. slips and falls), and defamation lawsuits.
• Anesthetist Liability Coverage: Might cover errors made by anesthetists that result in patient injury or death.
• Professional Liability Coverage: Might cover errors made by other employees when they’re working with patients.
• Product Liability Coverage: Might cover injuries, illnesses, and deaths caused by products a spa uses or sells.
• Regulatory Fines and Penalties Coverage: Might cover certain regulatory violations that a spa makes.
• Cyber Liability Coverage: Might cover hacking attempts, DDOS attacks, data breaches, and similar digital threats.
• Commercial Umbrella Coverage: Might provide a secondary layer of liability protection, in case of an especially expensive lawsuit.

An insurance agent specializing in med spa insurance can help spas select the liability coverages they need, based on the services they offer. A knowledgeable agent, of course, can help with property coverage selection too.

Do medical spa policies cover treatments performed under the supervision of a licensed professional?

Most medical spa policies can cover treatments that non-medical personnel might perform under the supervision of a licensed professional. It’s important that any such services be in accordance with New Hampshire’s requirements, and it’s also important to make sure a policy’s terms indeed cover such situations.

An agent who knows medical spa policies well will be able to check a policy’s terms.

How much do medical spas pay for their insurance?

The premiums charged for medical spa policies vary, as they’re based on many different factors. A spa’s location, facility size, equipment, services offered, and annual sales are just some of the details that can impact cost. 

Medical spas can find out how much their insurance will be by working with an independent agent. An independent agent will have the freedom to compare policy options from among several different insurers, making it easy to check both premiums and protections.

Where can medical spas find medical spa insurance?

If you need help insuring a medical spa that’s located in New Hampshire, get in touch with the independent insurance agents at Insurance24. We’ll work closely with you to determine coverage needs, and then we’ll help you find the best medical spa insurance policy that meets your spa’s needs. Together, we can make sure your spa is protected well.