FAQ's

Q: Are 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.

Q: Must 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.

Q: Isn’t 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.

Q: Are 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.

Q: What 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.

Q: Is it true that payment for professional liability insurance is required in advance?

A: Yes. However, we have financing options available.

Q: Can 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.

Q: Is 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 revenue.

Q: Is the Medical Director automatically covered under a medical spa policy?

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 should their current coverage not extend.

Q:  Is it possible to add additional medical spa locations onto an existing policy?

A: Yes. However, additional premium may be required.

Q: Are 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 are not
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.