When it comes to shopping for massage liability insurance, choosing the right plan can be a difficult process. With all of the options out there with different coverage limits, policy types, costs, and benefits to consider, it can be overwhelming to choose which one to go with. Choosing the right plan can mean the difference between full and complete coverage versus zero coverage for the exact same claim event. Once you have the information you need, getting a liability insurance policy to protect your massage practice is straightforward and quick. Let’s look at all your options.
First Things First: What is Liability Insurance?
Having liability insurance coverage as a massage therapist protects your career because carrying this insurance coverage transfers the risk of loss to your insurance provider. Liability insurance also provides assistance to the injured party for matters such as medical bills.
Accidents are unavoidable in any industry, even the massage field. The average cost of a trip-and-fall accident, including legal fees and medical bills, is $46,297 according to the National Safety Council, a nonprofit that promotes health and safety in the U.S.
There are two primary types of liability insurance: professional liability and general liability.
General liability insurance is also known as “slip and fall insurance” because it covers third-party claims for injuries or property damage. A little spill of massage oil left on the floor that a client slips and hurts themselves on would be an example of an event that could lead to a general liability claim.
Professional liability insurance is also called “malpractice insurance”. Malpractice translates to “bad practice”, inferring that your service directly caused the loss event to occur. A client asserting that your massage was too hard and left them with some form of injury as a result would be an example of a possible professional liability claim.
Massage Magazine Insurance Plus provides both of these coverage types bundled into their one policy.
Massage Insurance Liability Terms: In English
Insurance is one of the most important parts of a practice and is often a requirement, but can often be confusing to understand. That’s why we’ve created this dictionary of terms you need to know, in plain English.
Additional Insured: a person or entity added to the certificate of insurance who is protected from the named insured’s negligence; this is typically an employer or landlord.
Aggregate Limit: the maximum amount of coverage available to a policyholder during the policy term; this limit is dependent on a period of time rather than an individual claim.
Claims-Made: a form of insurance that only covers policyholders for claims filed while the policy is active; if an incident occurs during the policy term but is not reported until after the policy expires, it will not be covered.
General Liability Insurance: insurance that protects the policyholder in the event that a client trips, falls, and suffers an injury while on their property; this coverage applies to claims resulting from personal injury, bodily injury, or damage to other's property, and is often called “trip and fall” insurance.
Identity Theft Protection: coverage that reimburses the insured for expenses arising from identity fraud.
Individual Aggregate Limit: the total amount of coverage available to an individual policyholder during the policy year; this limit only applies to one person and is not impacted by claims filed against others.
Occurrence Form: a policy form that covers the insured for any claims filed during or after the policy term, as long as the actual incident in question occurred while the policy was active.
Product Liability Insurance: insurance that provides protection against lawsuits claiming negligence, misconduct, or incompetence on the policyholder’s behalf; also called malpractice insurance.
Professional Liability Insurance: insurance that provides protection against lawsuits claiming negligence, misconduct, or incompetence on the policyholder’s behalf; also called malpractice insurance.
Shared Aggregate Limit: the maximum amount of coverage available to all individuals insured under the same shared-limit program or master policy; this amount decreases every time a claim is paid on behalf of an individual policyholder.
Rental Damage Insurance: coverage that protects the insured from accidental damages to property rented by the insured; this applies to any space that a professional rents or leases for their practice, from the drywall in.
Stolen Equipment Insurance: coverage designed to protect the policyholder from equipment theft or damage due to fire, water, etc.; covers the cost of replacing the stolen or damaged piece of equipment used in one’s business, but does not cover damages due to wear and tear or misuse.
The Insurance Policy Highlights
Massage Magazine Insurance Plus was derived from the publication MASSAGE Magazine which has over 35 years of experience in the massage industry, and has developed an all-inclusive full coverage liability insurance policy tailored to massage therapists’ needs, at an unbeatable price! In 3 minutes or less, you can get fully insured with A+ rated coverage for less than $0.44/day. Your policy also automatically covers you in over 450+ modalities and follows you state-to-state.
The coverage limits on your policy are:
- Professional Liability: $2 Million per occurrence / $3 Million annual aggregate
- Product Coverage: $2 Million annual aggregate
- Identity Protection Coverage: $25,000
- General Liability: $2 Million per occurrence / $3 Million annual aggregate
- Damage to Rental Premises: $100,000
- Stolen Equipment Coverage: $1,000 w/ a $250 deductible
While the numbers are important, when picking a policy, you want to make sure you’re choosing an insurance partner, not just a company, who will be there for you even in the event of a claim. With Massage Magazine Insurance Plus, the expert services of a devoted customer care and legal defense team are included in your policy limits to help you get through a claim stress-free.
Member Benefits with Massage Magazine Insurance Plus
Massage Magazine Insurance Plus not only provides its customers with top-rated Massage liability insurance policies but with every policy comes unbeatable member benefits. Massage Magazine Insurance Plus offers a wide range of benefits and partnerships.
Your member benefits include:
Free Online Continuing Education: MMIP partners with cutting-edge education provider, Panda Massage CEU, which offers you discounted or free online continuing courses ranging from Facial Massage, Reflexology, Kinesiology, Cupping, and many more.
Access to MetLife Coverage: MMIP members get access to affordable comprehensive dental and vision coverage through MetLife Insurance.
Discounts on Industry Related Products: MMIP offers discounts to help you expand your business by partnering with leading industry supplier Office Max, Office Depot, HealthLine, and many more!
Free Professional Website: Massage Therapists have enough on their plate, that's why Massage Magazine Insurance Plus partnered with ProfessionalPlanets.com to make creating a professional site quick and easy for free!
Many More: 30+ member exclusive discounts and partnerships are just clicks away so that you and your business can grow and succeed!