The importance of checking your insurance cover

Finally, it seems like COVID times are behind us and things are getting back to the new normal.

During the times that salons were forced to close and self-employed therapists were not able to perform treatments, many people looked for ways to try and save money. Treatment extensions were taken off insurance policies to make them cheaper and stock values were reduced. This was a perfect way to rein in costs during the times that income was at a low point.

Now is the time though, to review your insurance documents in full and make sure you have the correct cover in place for all the treatments you are performing, and that you haven’t removed a treatment that you now carrying out again. Make sure your contents values are up to date as well.

It is important to take the time to do this as you may not remember taking off your extensions during the chaotic time of COVID restrictions and it might be far from your mind when your clients contact you to make an appointment now. 

The last thing you want is for a client to have a reaction during their treatment only for you to find out that you did not add it back onto your policy and were not covered under your insurance to carry out the treatment.  You would be left responsible for dealing with the claim without the experience and expertise of the insurer’s claims handlers and most importantly, the costs involved in defending or settling the matter would be solely down to you to cover.

Don’t be caught out by the savings you made 2 years ago costing you far more today.  Always make sure your insurance cover is correct for the treatments you do and the protection you and your business needs.  Your insurance provider will be happy to assist you if you are unsure.
 

30/09/2022