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The Right Insurance Representative

By: Kevin Quinley
Posted: July 23, 2008, from the August 2008 issue of Skin Inc. magazine.

page 8 of 9

Good insurance reps will not only line up protection for client accidents and employee injuries, but also will make sure your spa is fully protected for property coverage.

For example, during a new spa’s build-out phase, the facility should have appropriate property coverage. Insurance such as builders risk coverage protects spas during the time of construction to completion, covering for thefts from the site.

Next, as soon as the lasers your spa has ordered get delivered, you need to have the property coverage in place—even if you have not yet started using or installing the equipment. Lease agreements often require that as soon as that equipment is delivered, the spa must have insurance coverage in place. Leasing companies often call demanding certificates of insurance, a document issued by an insurance company certifying that an insurance policy has been purchased. And to learn more about the terms of the trade, check out Insurance Terms for Medical Spas.

12. What non-price factors should you weigh in selecting an insurance representative?

Once you find a broker or agent who understands the unique insurance needs of your spa, go with someone you’re comfortable with. You need to feel the chemistry, knowing you are dealing with someone who knows what they’re talking about. Go with someone who understands the market and can offer all the coverages that you need. Get someone who is responsive and has a can-do attitude.