the insurance requirements for a "day spa" different
from those for a "med spa"?
A: Since a med
spa incorporates procedures and services that most States consider
the “practice of medicine”, a qualified physician
must be involved. Professional liability coverage must cover
your spa, the clinicians performing the procedures and the
physician in his/her role.
the physician associated with the medical spa be a Plastic
Surgeon or Dermatologist?
A: No. However, the physician must be qualified
to supervise those performing the procedures.
the easiest way for a physician to cover his medical spa-related
work to secure a rider from his present malpractice carrier?
A: No. Most insurers do not offer these
types of riders.
there any required liability limits?
A: For professional liability (malpractice)
coverage, the typical liability limits are $1,000,000 per occurrence
and $3,000,000 in aggregate. This will vary, however, depending
on the carrier
and State in which the spa operates.
is required to procure coverage and how long is the process?
A: We generally need a medical facility application
along with a copy of the physician’s resume/C.V. In some
cases, a carrier may request proof that the physician has his/her
own malpractice coverage, information about specific procedures
or other information related to underwriting. On average, you
should allow 2-4 weeks from time the application is returned
to Tegner-Miller. Call us today, if you need your coverage expedited.
it true that payment for professional liability insurance is
required in advance?
A: Yes. However, we have financing options
TMIB provide coverage in all 50 states?
A: Yes. We can write your insurance directly
in the majority of cases. If not, we will help you through one
of our strategic partners.
there a minimum premium for medical spa insurance?
A: Our carriers have programs that begin at
$7,500 annually. However, premiums generally run $15,000.00 -
$25,000.00 for new companies. Premiums are based on the number
of procedures performed and/or a projection of your annual gross
the Medical Director automatically covered under a medical
A: In most cases, yes. However, they must
be approved by the carrier prior to and are generally only
covered for their administrative work – not procedures
performed. Procedures performed must be applied for separately
current coverage not extend.
it possible to add additional medical spa locations onto an
A: Yes. However, additional premium may be
convention events covered under a medical spa policy?
A: Yes. You must however, notify Tegner-Miller
in advance so that we may be certain no complications are encountered.
Q: Once I have secured Medical Malpractice
Insurance for my Medical Spa and staff, am I adequately insured?
A: From a Medical Professional standpoint
you would be adequately covered. However, you have other
exposures such as your Workers'
Compensation, Business Office Package, Benefits, etc. that
covered by a professional liability policy. Fortunately, Tegner-Miller
can assist you with all of your insurance needs. Contact our
office today for additional information.