In recent years, the medical spa industry has boomed with many medical professionals being seduced by the industry buzz and growth statistics. Our health and wellness product is specifically designed to meet the needs of these organizations throughout the US. The policy is a unique modular package which brings together all of the relevant exposures faced by multifaceted organizations, encompassing spas, fitness clubs, and juice bars. Some of the policy features are listed below.
We recognize that a claim could be brought not just for injury, but also for financial loss suffered by a third party. That’s why our policy provides a dual trigger to ensure that each provider is adequately insured with no gaps in coverage.
General liability is absolutely key to any business in their dealings with clients and members of the public. Our cover protects you against legal expenses and compensation claims brought by external individuals injuring themselves on your premises.
Non-Owned and Hired Auto Liability
Our non-owned and hired automobile liability coverage covers claims against your organization for accidents caused by an employee using their own, or rented vehicle for business purposes. Most policies will exclude the unloading and loading of patients under this insuring clause, our policy is designed to be affirmative.
Cyber & Privacy
Our cover for cyber and privacy is developed with medical organizations in mind. Coverage is embedded into the base form addressing risks associated with privacy breaches, HIPAA violations, system damage, business interruption and more. Our offering also comes with unlimited retroactive cover as standard, and no sub-limits on key areas of cover.
Fidelity of Employees
Theft of property or money from a third party is becoming an essential coverage in this sector. Some states are now making it mandatory for clients to carry coverage. Our policy includes this as standard in the base form.
Sexual Misconduct & Physical Abuse Liability
The reporting of sexual misconduct and physical abuse allegations is growing rapidly. Our policy provides coverage split into two sections. Section a is designed to cover the legal defense costs for any individual up until adjudication, and section b provides the legal liability, including liability for claimants’ costs and expenses for any organization.
Loss Mitigation Costs
We provide cover for existing litigation or for imminent litigation, meaning you are covered for financial losses which have, or are likely to, exceed the limits of other policies in place, up to a defined limit.
Court Attendance Costs
Court attendance costs can rack up quite a bill, so we cover costs incurred by attending court in relation to a claim or loss covered by this policy.
Reputation and Brand Cover
We will look to pay costs and expenses of up to a specified sub-limit for the services of a public relations consultancy to mitigate damage to reputation and brand following a defamation case or lawsuit.
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