Insurance for the Medical Spa Industry
The medical spa industry has been enjoying an explosive growth in both popularity and the number of spas now in operation. Policies can be purchased on behalf of the Medi-Spas who host the Cosmetic/Medical Services or by the doctor, nurse, aestheticians or anyone who can legally operate within their state.
WE INSURE ALL OF THE FOLLOWING UNDER
OUR MEDI-SPA INSURANCE PROGRAM:
- BioIdentical Hormones
- Botox / Dysport
- Carboxy Therapy
- Cellulite Reduction via Lapex, Zerona, VaserShape or other similar device
- Colon Hydrotherapy - Credits are available if the hydrotherapist is a member of a state recognized organization
- Dermal Fillers
- Dietitians and Wellness Analysis
- Laser Assisted Lipolysis
- hCG Insurance
- Laser Assisted Lipolysis and Vaser Assisted Lipolysis with the option to include coverage for Fat Transfer Injections
- Lasers, IPLs, and LEDs
- Latisse Prescriptions
- Levulan
- Medical Assistant Coverage for individuals assisting with procedures within the medispa
- Medical Strength Peels and Aesthetic Strength Peels
- Mesotherapy
- Microdermabrasion
- Permanent Cosmetics
- Radio Frequency for Skin Tightening, Rejuvenation, and the removal of Skin Tags
- Sclerotherapy
- Stand Alone Medical Director coverage
- Supplement Insurance
- Vitamin Injections - B12, B Complex, Chromium, Glycine, Amino Acids, Vitamin C
- Wart Removal
- Weight Loss Insurance
- Acupuncture (must be written in conjunction with a medispa exposure)
Medical Spas have become a billion dollar a year industry. Because the industry offers clients minimally invasive medical procedures in a relaxed, spa-like environment, instead of having to go to a doctor's office, medi-spas have become the choice for many. Trendy and chic spas have been opening up all across the country. In fact, from 2005 to 2010 the medical spa industry grew from around 450 spas to almost 2,000 spas in just those five years. This is great news for the booming medical spa industry, but with more spas and more clients, comes the added exposure to risk and liability.
So, it comes as no surprise that along with the dramatic growth of the medical spa industry, we've also seen a dramatic increase in the number of lawsuits filed each year against spas for errors and injuries incurred during a procedure. A large portion of the lawsuits filed have been as a result of laser procedures where there have been severe burns and scarring. Most others have been due to blood infections contracted during invasive procedures performed at medi-spas. These types of injuries happen and these cases are on the rise and will continue to be so.
We completely understand the unique requirements of this industry, and our insurance products are competitively priced and designed specifically to meet your needs.