The old saying “What you don’t know can’t hurt you” does not apply when selecting the insurance that will protect your business assets. Learning about types of insurance and protection limits available for your skin care facility will be time well spent in the event of a claim.
Most businesses—even sole proprietorships—are best protected by having professional liability, or malpractice coverage; general liability, or trip-and-fall coverage; and business property coverage. This column will focus on professional liability, also known as malpractice, since this is the one coverage every service provider should obtain, either as an employee or independent contractor.
What is malpractice?
Malpractice is bodily injury and/or property damage arising out of a professional spa service. Bodily injury could include such things as a client contracting a scar, a burn or a disease. A lawsuit is brought forth when the injured party alleges that an injury is a result of negligence on the part of the skin care professional. Damage to the property of a client during a service could also be covered as part of a professional liability policy—for example, product spilled on a client’s clothing.