A new treatment can bring fresh interest to your MediSpa and give clients more reasons to return. But before you add it to your service menu, take one more step.
Check your insurance coverage first. A new procedure, device, or provider can change the risks your business faces. Your current policy may need updating before you book the first appointment.
Is the New Treatment Included in Your Policy?
Don’t assume a new service is covered just because you already have MediSpa insurance. Marine Agency offers Laser and MediSpa Insurance for a wide range of treatment types. Options can include professional liability, general liability, property coverage, and business interruption insurance.
Professional liability is especially important when adding a treatment. It can address claims tied to the professional services you provide. Since policies and services vary, confirm that the new procedure fits your coverage terms.
Does the Treatment Use a New Device?
New technology can bring different risks. The FDA explains that aesthetic devices vary in how they work and the risks they may present. Lasers, body contouring devices, and microneedling equipment are not all used in the same way.
The equipment itself may also be a major investment. If you buy an expensive new device, check whether your property limits still make sense for the equipment your business owns.
Before you launch the service, talk with your insurance professional about both the treatment and the device. This gives you time to deal with any coverage questions before clients are scheduled.
Who Will Perform the New Treatment?
Think about who will provide the service. You may train an existing employee, hire a new provider, or work with an independent contractor. Each choice can affect how your MediSpa operates.
Marine Agency’s MediSpa program can include independent contractors as insureds. If you add employees, your workers’ compensation insurance may also need attention.
Training and qualifications matter, too. For example, the FDA advises that dermal fillers should be given by a licensed health care professional with proper training and experience.
Will You Offer the Service Anywhere Else?
A popular new treatment may lead to private events or appointments outside your MedSpa. Marine Agency offers coverage for certain off-site services through its MedSpa program. This can include Botox parties.
If you plan to offer the treatment away from your normal location, discuss those plans before the event. Don’t assume your policy applies everywhere you provide a service.
When Is the Best Time to Review Your Insurance?
Review your insurance before you invest in a new treatment, not after you start offering it. This gives you time to check the service, equipment, staff, and location involved.
It’s also a good time to look at the rest of your coverage. Marine Agency offers other business insurance options that may become more important as your MediSpa grows.
Call To Learn More
If you’re planning to expand your treatment menu, contact Marine Agency before launch. Our team can help you review your current policy and see whether any changes may be needed.
