Your Guide to Massage Therapy Insurance for 2024

Massage therapy insurance protects you in various situations. It provides the necessary cover for unexpected liability, such as a client becoming injured or damage to property other than your own due to something you may or may not have done. Different types of professional massage liability insurance provide coverage for individual practices and businesses.

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1. Why Do You Need Massage Therapy Liability Insurance?
2. What Insurance Do I Need At The Massage Therapy?
3. Where To Get Best Insurance For Massage Therapists?
4. What Is Massage Therapy Insurance Cost?
5. Conclusion

Why Do You Need Massage Therapy Liability Insurance?

So why do you need insurance for your massage therapy, such as professional indemnity, workers' compensation and general liability? Well, in the simplest terms, the right insurance can save your business.

You may not want to think about it, but all sorts of things can go wrong in a massage therapy. Injuries can happen when using certain styling tools, clients can slip and fall on the floor, property damage can occur as a result of an accident or an angry client, staff can get injured while working and so on.

Fortunately, insurance can cover any risk, accident, injury or problem, whether it's customer injuries, equipment or property damage, or any other risk, accident, injury or problem.

In fact, all types of insurance for businesses and companies are designed to protect them against unforeseen expenses, problems and situations. It can protect you in the event that you are threatened with a lawsuit or financial ruin.

For example, imagine if a client, customer or employee were injured on your premises. Without insurance, that injured employee could file a claim against you for their injuries and expenses. As long as you have a policy, however, you are protected by the law.

What Insurance Do I Need At The Massage Therapy?

There are many different types of massage therapy liability insurance available. If you search online, you can find references to different types of insurance, such as professional indemnity insurance, general liability insurance, self-employed massage therapist insurance, personal injury insurance, massage therapy safety insurance, massage therapy service insurance, massage therapy manual insurance and many others.

So what insurance do you really need to protect your business and keep your clients and team members safe? Here's a brief overview of the main types of insurance.

General Liability Insurance

General liability insurance is one of the most important types of insurance. General liability insurance protects your massage therapy from lawsuits and claims if someone is injured or property is damaged in your massage therapy. For example, if someone slips on a wet floor or spills liquid on their computer.

Commercial Property Insurance

When it comes to insurance, commercial property insurance is designed to cover property owned and used by your massage therapy on a daily basis. Commercial insurance can cover the building and the associated tools and equipment you use to provide your services.

Business Owner's Insurance

This is a package that basically includes general liability and property insurance. It covers and protects you against a variety of hazards and threats, such as damage to personal property and equipment or theft by employees.

Professional Liability Insurance

Professional liability insurance protects massage therapists if thye make a professional error that causes loss or damage to a client or customer. If you are insured in this way, you won't have to worry about the cost of a claim if a client is injured while having their deep tissue massage or hot stone massage.

Workers' Compensation Insurance

Workers' compensation insurance is, as its name suggests, designed to protect your massage therapy staff. Workers' compensation covers claims when employees are injured or fall ill and have to miss work.

Business Income Insurance

This form of business insurance protects you in the event that your business income drops or your financial situation suffers due to a crime or natural disaster, such as an earthquake, that destroys your business.

Do not miss our post on how to start a massage business.

Where To Get Best Insurance For Massage Therapists?

We've seen some of the benefits of different types of insurance and looked at some of the best ways to insure your business, but how do you find the right insurance with best massage therapy insurance quotes?There are so many different companies out there today, and it's important to take your time, read reviews, check the policy details and choose the right insurance provider to insure your massage therapy. Here are five licensed companies you can trust to provide the business insurance cover you need.

• Hartford - Hartford is an experienced and one of the highly rated massage insurance providers. It offers a wide range of insurance, including customizable business owners insurance. It also has an impressive A+ rating and offers coverage in states.

• CyberPolicy - It's actually a comparison site that allows you to compare rates and policies from different trusted insurance companies. All you need to do is fill out a simple application form and choose the insurance company that best suits your needs.

• Hiscox - If you run a home massage therapy, Hiscox is a viable business insurance company. They offer business owner plans and a simple online application, so you can search for a quote and get a price in seconds.

• ATMA - Insurance provider worth considering. Their membership includes affordable professional liability insurance. Fully functional insurance plans at very affordable prices. With this insurer, you can get great professional liability and property damage coverage for less than $100 per year. Students can also get discounts.

• Allstate - Allstate is a well-known and widely trusted insurance company. It provides general liability and commercial property insurance as part of a business owner's plan. With this insurer, you can also choose other possible additional coverages, such as loss of earnings insurance or crime insurance, which is ideal for massage therapy owners and massage therapists concerned about theft in the workplace, for example.

What Is Massage Therapy Insurance Cost?

One of the most frequently asked questions is "How much does massage therapy liability insurance cost?". The truth is that the price of each insurance policy can vary based on a number of factors, for example.

• The Amount of Coverage - If you need more coverage (e.g. stolen equipment coverage), you usually have to pay a higher monthly or annual premium. Wherever you are looking for mobile massage therapist insurance or for a bigger massage therapy liability insurance.

• Revenue - Businesses that generate much revenue usually have to pay higher premiums because they have more to lose.

• Services - The type of service you provide will also affect your price, as some services are considered riskier and more likely to lead to claims.

• Massage Therapists - The number of massage therapists and the type of employement contact also affect the premium.

• Location - Location can also affect the cost to the massage therapy owner. For example, some areas have a high crime rate, leading to higher premiums.

Prices also vary between massage liability insurance companies. For example, if you need insurance for a home massage therapy, the cost will be lower than for a full-service business with a large number of employees.

The average price can range from $90 per month to $1,000 per month depending on massage therapy liability insurance policy you would like to go with. Statistics show that the average cost is around $250 per month. Home massage therapy insurance should be lower than this.

We recommend you to check out our post on massage therapy license.

Concusion

We hope this guide has helped you understand your massage therapy business insurance needs and answered some of the questions you may have about the cost of massage therapy liability insurance and finding the right insurance. Make sure you have the best massage therapy insurance quote to reduce your risks and maximize protection for your clients and staff.

Citations

Insurance and risk
http://lchc.ucsd.edu/cogn_150/Readings/ewald/ewald.pdf

Insurance, information, and individual action
https://www.sciencedirect.com/science/article/pii/B9780122148507500279

Risky business: Insurance companies in global warming politics
https://direct.mit.edu/glep/article-abstract/1/4/18/14134