Health and Wellness Insurance
Whether you are a therapist, yoga teacher, or sports massage therapist, your health and wellness business is centred around healing and reinvigorating your clients. The services and medicine you give can be life-altering, but complications can occur anytime. Get protection against risks such as improper counsel or injuries caused by therapy, and start protecting your practice immediately. Apply for a free Health and Wellness Insurance quote today!
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Medical Malpractice Coverage (E&O)
E&O covers you against claims of medical malpractice, negligence, and injuries arising from your services involving physical contact and alternative medicine.
Business Contents
Get coverage that protects you from hazards like explosion, vandalism, and theft for both your worksite and tools such as massage table, first aid dummies, and specialized machines.
Commercial General Liability
CGL provides financial protection against typical liability risks involving bodily injury and property damage of your client in your business location, such as slip-and-fall accidents.
How we work
Step 1
Complete Application
Step 2
Receive an Instant Quote
Step 3
Purchase Policy Online
FAQ
What is Health and Wellness Insurance?
Health and Wellness Insurance is a comprehensive policy package that helps shield health and wellness service providers offering alternative therapies or medicine from claims alleging carelessness or incompetence. Whether working as an independent contractor or business owner providing massage therapy, astrology, biofeedback, or naturopathy, this insurance policy is suitable for you.
Why do I need Health and Wellness Insurance?
Health and wellness services tend to be a gentle and therapeutic business, but unfortunately, it is not risk-free. Clients that come to you rely on your expert advice, and often, you must perform physical techniques on your clients. Performing physical procedures heightens the risk of injuries, and if their conditions worsen due to your treatment, you may be involved in a costly lawsuit.
Another reason why you need Health and Wellness Insurance is that your health organization may require you to acquire insurance to protect you against risk of liabilities. Even if your organization is not regulated, obtaining one demonstrates to your prospect clients that you are trustworthy and you take ownership of your practice and treatments.
What does Health and Wellness Insurance cover?
Our Health and Wellness Insurance package offers a comprehensive coverage for your client-centred business, including:
- Commercial General Liability (CGL) Insurance: CGL provides financial protection in the event of loss or harm brought on by a company’s activities, goods, or property.
- There are two kinds of CGL insurance: claims-made coverage, which pays claims irrespective of when the disaster occurred, and occurrence coverage, in which the incident must occur within a specific time frame.
- Medical Malpractice: This insurance is also known as Professional Liability or Errors and Omissions (E&O). This coverage is crucial for any advice-giving health expert. It offers defence against allegations of carelessness, mistakes, omissions, and inability to provide a service on time.
- Business Content Insurance: Accidents can occur unexpectedly. As a health professional, you spend most of your time in your office or at your client’s location of choice. Protect your equipment and tools, such as technical machinery and documents, from theft, loss, or damage at or away from your premises.
Who needs Health and Wellness Insurance?
Safeguarding yourself with a Health and Wellness Business Insurance plan is critical if you provide wellness services. Services providers that Health and Wellness Insurance package cover include the following:
- Accupoint Therapy
- Acupressure
- Acupuncture
- Alexander Technique
- Allergy Testers
- Animal Therapies
- Aromatherapy
- Astrology
- Ayurveda
- Bio-Energy Healing
- Biofeedback
- Body Harmony
- Breathwork
- Chakra Balancing
- Colon hydrotherapy
- Colour Therapy
- CPR/First Aid
- Crystal Therapy
- Electro Acupuncture
- Feng Shui
- Herbal Medicine
- Homeopathy
- Kinesiology
- Massage (RMT, Deep Tissue, Pregnancy, etc.)
- Meditation
- Nutritionist
- Speech Therapy
- And more.
How much does Health and Wellness Insurance cost?
For a small- to moderate, low-risk health and wellness firm, you may expect to pay $450 annually with financial coverage with a $2M limit. However, Health and Wellness Insurance cost can vary based on factors including:
- Annual and Projected Revenue
- Applicant Details
- Claims History
- Education and Training
- Number of Employees
- Policy Terms and Limits
- Services Provided
- Specified Coverage
- Years of Experience
- And more
Complete your online application and get a free quote within minutes! It does not cost anything or require you to proceed with the coverage once a quote is provided. Customer service is our top priority.
