Helping your clients look and feel their best can be rewarding work. But like any profession, it’s not without its stressful days. Protecting your health and wellness clinic with the right insurance coverage can relieve you of some of that stress and the worry that a single mistake could ruin everything you’ve worked for – allowing you to concentrate on providing the best health & wellness care possible.
Types of Health and Wellness Services
A health and fitness facility insurance provider can help protect your clinic if you provide single or multiple primary care services including:
- Acupuncture & traditional Chinese medicine
- Compression therapy
- Massage therapy
- Naturopathic Medicine
- Pelvic exams and physiotherapy
- Spa and esthetician services
- Speech, language and hearing therapy
Standard Health & Wellness Clinic Insurance Coverages
As the term ‘healthy & wellness’ crosses a wide spectrum of services that include both medical healthcare provision and wellness services, despite your practitioners each carrying their own insurance your health and wellness clinic will need Medical Malpractice Insurance to protect your legal entity from being named in suits from services performed by health practitioners working in your clinic. These can include, but aren’t limited to allegations that they failed to live up to a required standard of health services or otherwise caused injury.
Another standard insurance coverage included in a body wellness centre insurance package is Commercial General Liability Insurance which can provide protection against personal injury claims like slip and falls (unrelated to healthcare and fitness treatment) as well as allegations of property damage, libel/slander and false advertising.
Both medical malpractice and commercial general liability insurance can help protect your health wellness centre by providing coverage for:
- lawyer’s fees
- legal defence costs
- out-of-court settlements
- awards for damages
Give Your Health & Wellness Facility Holistic Protection with these Coverages
Commercial Property Insurance – can protect your health and wellness clinic with coverage for physical structures, expensive medical equipment and contents following a fire, flooding, sewage backup, vandalism and other named perils. You may also need:
- Business Interruption insurance to replace income lost after an insured peril and/or
- Extra Expense Insurance to cover the costs to relocate and set up a temporary clinic after an insured peril.
Product Liability Insurance – can provide coverage in case a naturopathic, homoeopathic or other wellness product you develop and/or administer causes bodily injury (e.g., an allergic reaction).
Cyber Liability & Privacy Insurance – cyber insurance can provide cover for the costs of restoring data and systems, ransomware demands and notification costs, among other expenses caused by a breach of your wellness facility’s network and records.
Employee Theft Insurance – gives you protection in case of theft or fraud (such as credit card fraud) caused by an employee of your health and wellness clinic.
Employment Practices Liability (EPL) Insurance – can provide legal coverage in case a suit brought by a current or former employee alleges that they were the victim of harassment or discrimination at your clinic.
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At ALIGNED, we specialize in commercial insurance and use the relationships we’ve built over the years with Canada’s top insurance companies to get our clients comprehensive health & wellness centre insurance at affordable rates. Contact an ALIGNED advocate to get a free quote in minutes or get started right away by using our free online tool.
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