MT insurance: Get lots of bang for your buck
As you begin your search for the right massage therapy liability coverage to provide broad protection for you and your practice, there are a few aspects to check on besides price. Remember, it is entirely possible find a massage therapy liability insurance policy that is both affordable and thorough, with extra perks to boot.
Certainly, price is a good place to begin. Decide on what you can afford when it comes to securing a massage therapy liability insurance policy. In addition, find out whether you can deduct this fee from your taxes as a necessary business expense. In most places, this type of deduction should not be a problem.
Once you have figured these two details out, then you can begin shopping around. Keep in mind that you should be able to get a rock solid massage therapists insurance policy for less than a couple hundred dollars per year. If you are seeing massage therapy liability insurance for prices much higher than that, you may be well advised to look elsewhere.
Aside from pricing, however, you will want to know exactly what kinds of coverage and benefits are included in any given massage therapy liability insurance policy. The three “must haves” are malpractice, or professional, liability insurance; general liability insurance, which is also known as “trip and fall” insurance; and product liability insurance.
These three aspects of coverage are the foundation of a thorough massage therapy liability insurance policy. That does not mean that your coverage and benefits need to stop there, though. By doing your homework and shopping around, you can find a massage therapy liability insurance policy that has even more to offer, on top of these three tremendous forms of protection.
One extra benefit you may want to search for in your next massage therapy liability insurance policy is reimbursement for lost or stolen work equipment. A high quality massage therapy liability insurance policy should include up to $1,000 of coverage in case your massage chair, hot rock heater or another piece of equipment from your massage therapy practice ends up lost or stolen.
Another additional perk that you may find with the right massage therapy liability insurance policy is coverage for rental damage, which should finance any necessary repairs in case the space you rent for your work accidentally gets damaged.
The list of benefits you can get with a top notch massage therapy liability insurance policy continues. A third bonus you should search for is identity protection insurance. Believe it or not, you can find a massage therapy liability insurance policy that also offers a nice chunk of coverage in case you do have issues with identity theft—one of the most prevalent crimes of our times.
If you can find a massage insurance policy that offers all of the above for that reasonable annual fee, then you are on the right track to protecting your practice. You may even be able to get “icing on the cake” benefits as well, such as a free business Web site and free newsletter.
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