Massage Therapist InsuranceMassage therapist insurance is so necessary. Fortunately, it is not difficult to understand.As a self-employed massage therapist, you will need professional liability protection as well as business liability coverage. Don't forget business personal property coverage if you want to protect necessities such as your massage table, massage chair, and computer. A good agent can help you to meet all of your business protection needs. Then there is your own personal health coverage and, of course, disability coverage to protect your income if you get ill or injured and are unable to work. A life insurance policy is to provide protection for your family if you should die. Auto coverage is a necessity. Liability insurance is malpractice coverage or "errors and omission coverage." Massage Therapy Liability InsuranceIf you plan to be a massage therapist, massage therapy liability insurance is a must. No questions asked. You do not want to touch a client without it.This important coverage is inexpensive, yet it can protect you, your assets, and your good name. Don't take any chances. Just so you understand, this insurance does not cover the massage therapist if he/she gets injured, just the client. What is it? It is the massage therapist's equivalent of physicians' malpractice insurance, only we can get it much cheaper than physicians can. If you accidentally bruise or injure a client, this insurance pays the bills for the client's medical treatment. If a client sues you, this coverage pays out any judgment found against you in a court of law, up to the maximum amount of the policy. The policies I have seen have a maximum amount of $1 million and $2 million. For one year of massage therapy liability insurance coverage and peace of mind, expect to pay between $199 to $400, depending on who you get it through and the specifics of coverage. If you belong to a professional organization of massage therapists, you can get coverage at a discounted rate. There are several massage and bodywork professional organizations that you can belong to. By paying the annual dues, some organizations give you this coverage free and others largely discount it. Do not be without this coverage! For more information on getting an inexpensive policy, see ABMP.com. Business Personal PropertyBusiness personal property insurance is another very important and practical type of massage therapist insurance.This type of massage therapist insurance covers the cost of things used in your business like your computer, massage table, massage chair, stereo, furniture, supplies, and important documents--your clients' files. Business personal property usually provides coverage in case of theft, fire, or flood. However, you will want to look the policy over carefully as it is now more difficult, at least in Texas, to get flood insurance because of all the cases of mold that we have had in recent years. If you have a home-based business, chances are your home-owner's insurance will not cover your business property. You can most likely purchase a rider under your homeowner's insurance for business personal property coverage. If you work out of an office, not at home, you will need to purchase a separate policy to cover your personal property at the office.
Personal Health InsuranceMassage therapist insurance for your own personal health needs is a must-have for a self-employed massage therapist. We never know what might happen so it is important to be prepared.If you are self-employed and are not covered under your spouse's medical policy, you will need to purchase an individual medical policy. They are a bit pricey, but so worth it in the long run. Make sure the policy covers physician and hospital bills, along with prescription drugs. You can also get dental and vision coverage. Of course, the more you add to it, the more expensive your massage therapist insurance will be. Ask the agent about deductibles, coinsurance, and co-pays. Also, ask about the prices for indemnity (which you do not see too much of these days), PPO plans, and HMO plans. Your agent should be able to explain the differences in coverage between these plans. If not, find a different agent, one who knows the insurance industry and can get the right insurance plan to fit your budget and your lifestyle.
Disability InsuranceDisability insurance can be a wonderful massage therapist insurance if you, as a therapist, become disabled and cannot work. Disability coverage provides you with a percentage of your income each week that you are not able to work due to an illness or injury.As a therapist, you work with your hands much of the time. What will happen if you break an arm or a leg? How about if you need surgery and the doctor will not release you to go back to work for 6 weeks? Who pays the bills while you are healing?If you are self-employed with no other income, disability insurance is great to have. This type of massage therapist insurance is very affordable. This coverage is actually protecting your income so you can continue to recover and not worry about having to return to work too soon and jeopardize your health. If you choose not to have this type of massage therapist insurance coverage, you will need to make sure that you always have at least six months of personal living expenses in the bank just in case something happens and you are unable to work. If not, you could lose more than your massage business. You could lose your home and vehicle as well. Please be sure and get this valuable massage therapist insurance protection.
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