Covers the losses and claims arising from lawsuits, property damages, and theft
How Does Spa Insurance Protect Your Business?
As a spa owner, you get to spend your days creating the experience that everybody thinks of when they talk about having a spa day. But for all the work you do arranging flowers, choosing candle scents, and buying supplies, you’re also a business owner.
You’ve worked hard to get to this point. Not only did you find and purchase a location, but you also decorated it, and then marketed it so that you could have a steady stream of clientele. A strong commercial insurance policy can help you protect your spa business in several key ways:
- You can be compensated for the cost of repairs or replacements if fire or lightning were to damage your equipment
- If your boiler or your HVAC system were to suddenly break down, you could get coverage for repairing or replacing your broken equipment
- You can get help with legal fees and judgment costs if a customer files a personal injury lawsuit
What Does Spa Insurance Cover?
There are a number of factors that can affect your spa insurance policy. Some of the details that your insurance broker will look at include the replacement value of your equipment, the nature of the services that you offer, and even the physical location of your building. The items that you could see covered under a spa insurance policy would include:
- The spa facility
- Inventory items such as lotions, skincare scrubs, chemical peel ingredients, and pumice stones
- Massage tables
- Decor items
- Manicure and pedicure stations
- Office chairs and desks
- Computers and laptops
- Debit machines and cash registers
What You Should Know About Spa Insurance
Even though it’s a good idea for spa owners to take out insurance, there are some key facts that are important to know:
- Independent Contractors May Not Be Covered Under Your Policy
For many spa owners, it’s not unusual to have independent contractors renting out space in the building and offering their services. In many cases, having a trained masseuse on-site can actually function as a selling point for a spa. So these arrangements are typically win-win scenarios on both sides. While many standard spa insurance policies will be able to cover you and your staff, freelancers often aren’t covered under the spa’s insurance. If independent contractors are a part of your business model, you may want to discuss your insurance options with your broker.
- You May Need Product Liability Coverage
Do you have in-house blends and products that you sell to your customers? Are there high-end products you use as a part of your standard service offerings? If you offer chemical peels and intensive facials, there’s no guarantee that a client won’t have an allergic reaction or a chemical burn due to the nature of your product. Although many spa owners are aware of the need for coverage against slip and fall accidents and the like, product liability is another insurance option that can’t be overlooked.
- Medical Spas May Need Extended Coverage
If your spa offers laser treatments or other treatments that could be found in a dermatologist’s office, you should speak with your Insurance Hero broker about your coverage needs. While acne treatments and skin concerns can often be done more cheaply in a medical spa setting, the more technical nature of the work being done could represent a potential liability exposure. When it comes to treatments designed for the skin and the face, it’s better to be safe than sorry from an insurance standpoint.
Need a Quote for Your Spa Business?
It goes without saying that spas that provide top-notch services are always going to be in demand. People are always looking for relaxing getaway opportunities and for cosmetic treatments that can help them continue to put their best faces forward. However, as popular as spas may be, it’s important to make sure that your spa is protected from an insurance standpoint. You never know when a customer could suffer a treatment-related injury or experience a nasty fall. A solid spa insurance policy can do a lot to help you navigate these sorts of scenarios with little to no disruption.
Are you interested in taking out insurance for your spa? Contact us or request a free spa insurance quote today.
