Public Liability Insurance is vital to any insurance package and it is also the most popular type of insurance for Australian businesses. As a massage therapist, ensure you add Public Liability Insurance as a staple to your business insurance. Make sure you get the best possible quote and deal for your money by using some of our tips below.
But first, what is Public Liability Insurance?
Public Liability for massage therapists concerns the injury you can cause to a third party, or the damage you can cause to third party property. If a client or third party were to take you to court for any damage, illness, or injury and you are found responsible you would have to pay for the damages. This is where this type of insurance steps in to help you cover costs and safeguard your business against hefty claims. These claims can range anywhere from small carpet cleaning fees from spilling massage oil, to millions of dollars if you were to cause serious injury from a massage. So if definitely pays to stay protected with Public Liability Insurance as a massage therapist.
Tip 1 – Check the current Public Liability insurance policy
Public Liability Insurance can help you cover fees such as lawyer fees, medical bills, rehabilitation, repairs to property, replacement of property, or specialist fees and loss of income. Therefore it is important to check your current policy to ensure it covers all of the important stuff that you do as a massage therapist. Under-insurance is a big problem with Australian businesses and making sure you are covered can save you in the long run. Making sure you’re not paying for unnecessary extras can also save you money.
Tip 2 – Have your info ready
To get an accurate quote have the right information ready for your broker. Tell them about the nature of your massage therapy business, how busy you are, where you work from, if you travel, and what your typical day looks like. Make sure to mention if you work for yourself or if you work for someone else too as this will affect your insurance needs significantly. And finally tell your broker about the size of your business and the turn ove and if you have any employees. This will provide your broker with a clearer picture of your business and allow for an accurate quote.
Tip 3 – Know the risks
Generally the higher risk your job – the higher the price of insurance. And as a massage therapist there are more health-based risks than others therefore the risk is considered quite high. This is why full disclosure to your broker is important so you are fully covered.
Don’t think that you can get away with no Public Liability to save a buck. The consequences for under-insurance can be great and if you’re caught with no insurance or wrongly insured then you can suffer financially.
How to get a quote
Dealing with a broker is a great idea if you want a no-fuss approach. They can save you time and trouble and find you a policy to suit your massage therapy business. Contact Contractor Cover today for a quick and easy quote on 1300 GET COVER. All information provided above is of a general nature, if you need specific advice we recommend speaking to a broker.