Give your Business an Advantage

BEST MEDISPA INSURANCE IN CANADA

Professional brokers providing SMART policies for your profession.

July 9, 2020 COVID-19 Update – Appointments required to see a broker. For more information please click here to visit our COVID-19 Update.

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COVERAGE

Our Medi-Spa insurance policy has broad coverages for your professional beauty business. We have raised the bar on this boutique product for medi-spa businesses.

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SERVICE

Our brokerage is 100% client-driven. We are available 24/7. Medispa professional business owners trust us to be there when disaster strikes. Our products offer a multitude of channels and options to work for you.

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EXPERTISE

Our team of brokers has extensive knowledge in the industry, including over 100,000 policy years in providing coverage to small businesses. We stand at the forefront of offering insurance to beauty professionals for the last ten years.

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PRICE

We understand that as a business owner, you are price sensitive. Our homework provides you and your business with the best price in the industry. This covers you for any unnecessary risks.

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Annual Premiums available

STARTING PREMIUMS

Offering insurance packages to protect every Medispa business. 

From small specialized to large multiple service spas, we provide the Beauty Insurance Advantage.

Basic

$ 100 Monthly
  • $2,000,000 Liability
  • $50/sq. ft. Content
  • Basic Coverages

Standard

$ 190 Monthly
  • $2,000,000 Liability
  • $100/sq. ft. Content
  • Additional specialized equipment coverage
POPULAR

Premium

$ 429 Monthly
  • $5,000,000 Liability
  • $200/sq. ft. Content
  • Premium Extended Coverages

COVERAGES

We offer a multitude of coverages & limits, however, our beauty insurance policies are always
driven professional and general liability

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PROFESSIONAL LIABILITY

Professional liability is crucial for your business and yourself as an owner. It is often omitted or not insured correctly. This must have coverage protects you for all the professional services your business offers. It can also provide coverage to the spa owner for claims arising from sub-contracted employees.

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COMMERCIAL GENERAL LIABILITY

With a lease or mortgage comes the responsibility of what happens on your premises. This includes incidents by your employees and clients. From the classic "slip and fall" to bizarre and random, accidents that happen at your business. These events can lead to lawsuits. Make sure you have the protection advantage with a Medispa Insurance policy.

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CONTENTS COVERAGE

Medispa businesses are a premium segment of the beauty industry. You must pass rigorous training and regulations. Your equipment, furniture, decorations, and stock are also at a premium and often specialized. Contents coverage protects all of this. It also offers relocation, lost income, and additional expenses that can be incurred due to physical damage at your location.

CLAIMS

A Medispa professional policy is important for business owners.  Watch to find out more.

01.

Property Coverage

Water, Water Everywhere

See how the neighbouring unit causes a Day Spa to be damaged and closed for a month during repairs.

02.

Professional Liability

The Fraudster

A new client books an appointment the same day. You happen to have an opening.  Unfortunately, this Fraudster client has a plan.

03.

Annual Premiums available

Commercial General Liability

Downward Dog Hits Yoga Student

Dogs playing pool hit a yoga student on the head.

Frequently Asked Questions

Accurate content coverage for a Medispa insurance policy protects your business risk advantage. Make sure you have the correct amount of coverage. The amount should replace all of your finishes.  If you need help you should get an appraisal.  Or you can ask a contractor what they would charge to replace everything.  Also take some time to price out NEW equipment for your Medispa.  If you got a deal on a piece of equipment (ex. pedicure station), you will not be able to replace it at the old price.   Accurate coverage will allow replacement with a new machine without hassle. Also review your lease with your broker. Talking to your beauty expert will make sure that in the event of a claim, you are correctly insured.

“A business or person that carries out work for a company.” Most estheticians that work at a Beauty Spa are subcontractors. A subcontractor will have a contract with the Spa owner to perform specific services at an agreed rate (or percentage). A subcontractor will be responsible for paying their own taxes, CPP & EI.  Sub-contractors will also have to carry their own professional and general liability insurance.  

Absolutely! The gig economy found its roots in the beauty industry. Now sub-contracted employees are a large segment of the workforce. Your business is responsible for whom you bring into your space and who treats your clients. Lawsuits cost thousands to defend. If you were found negligent in your hiring practice, equipment, or oversight of the sub-contracted employee, you could be found partially responsible for any damages awarded by the court or mediation.  

Ideally, it would help if you told your medispa insurance broker anytime you are thinking about changing your business. The costs associated with changing your insurance policy can negate any profits you are expecting to make from your new service. By needing to increase limits, buy up coverages, or purchase entirely new policies altogether, you can quickly increase the cost of your medispa insurance policy. But making sure you are covered is worth the extra costs.  Your beauty insurance broker expert can work with you to provide the best coverage with the lowest possible premium.  Remaining knowledgeable and up to date in your market place provides you with the best insurance advantage. 

DO NOT Proceed! If you have a bad feeling about a new client, then trust your gut. The deductible, time, and effort you will face if they are fraudsters trying to commit insurance fraud is not be worth any amount of money of services you would provide. Even though they sign the intake form, that doesn’t mean you are off the hook.  Unfortunately, there are people out there that will complain to try to get freebies. Or worse yet, take advantage of your best business practices. 

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MEET OUR BEAUTY BROKER TEAM

YOUR INSURANCE EXPERTS

Chris Stark, RIBO

Chris Stark Medispa Insurance Broker

“I’m so grateful to be able to assist you with your insurance needs.  I’m passionate about my clients and what they do.  Staying on top of the latest trends in the beauty industry is a priority.  On a personal note, my wife and I value self-care, so we have experienced many  beauty treatments first hand.  I continue to make sure I am industry knowledgeable to ensure I can provide your business with the Insurance Advantage you need”.

 

 – Chris Stark

“Clients and their insurance needs are my expertise.  I have been working in the insurance industry for over 30 years.  I love finding out all about my client’s business. Then working with the insurance companies, I can negotiate the best product and price for your business insurance.  Working together, I will make sure your business has an insurance advantage.

 

 – David Stark

David Stark, Registered Insurance Program

Giving You An Insurance ADVANTAGE!

We know there are lots of brokers giving you options for insurance. Let us give you these Advantages:
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Experience Advantage

Our team has years of experience stemming from generations of learning and insight.

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Company Advantage

We have strong long-standing relationships with our insurance companies which help from purchasing policies, to renewals, to claims.

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Progressive Advantage

We are always adapting to the global industry by selecting new technologies to make available to you and adding new coverages to your policy.

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