As a therapist specializing in complementary and holistic therapies, your evaluation of your client’s issues goes beyond their symptoms. You use a physical, psychological, and spiritual approach to help restore your clients’ natural health and wellness. These therapies have become very popular, with more acknowledging their effectiveness.
While the therapies are highly effective, a client might be dissatisfied. They may claim your holistic or complementary therapy worsened their condition — even if you know you did a good job. In that case, a client might file a claim against you. This is why it is imperative to have complimentary or holistic insurance.
This guide discusses every vital detail you need to know about complementary and holistic insurance. As a specialist in these therapies, you will know which insurance policies work best for you and what it covers.
Complementary Therapies Insurance
This insurance policy is a standard option for those looking to try alternatives to various medical treatments. The reasons for that could be disliking their current medications, the need to manage symptoms while waiting for standard treatments, disagreeing with their doctor’s approach, or simply because they want to explore other options. Treatments categorized as “complementary therapy” often involve a holistic approach.
Therefore, when treating your client, you focus on treating their body as a whole rather than individual issues. Generally, complementary therapists focus on a person’s mood, emotions, body, and mind while administering treatment. This treatment method has proven to be highly effective and can reduce symptoms of mental illnesses like depression, stress, and anxiety.
Like any other wellness and beauty therapy, a client may react negatively to your treatment. For instance, you can trigger contractions in pregnant women through reflexology treatments. You can also cause organ failure by administering herbal medicine that could affect the functioning of specific organs. All these scenarios could see your client file a claim against you. Complementary therapies insurance cover protects you against such lawsuits. Having this insurance cover protects you against the following;
Public Liability
Insurance for complementary therapies protects against claims arising from third parties. With this insurance policy, you will be protected against claims arising out of the course of your business.
Products Liability
Complementary therapy insurance also protects against claims arising from third parties due to therapy products you have sold or supplied. When you sell your clients complementary therapy medication that affects their health, this insurance policy protects you against a possible lawsuit.
Malpractice Cover
This policy protects against claims from your client due to an error, negligence, or omission. Complementary therapies insurance will protect you when you cause bodily injury, illness, mental injury, or disease on your client for any reason. This policy also covers compensation claims for property damage.
Loss of Reputation
Some complementary therapy insurance policies also cover against loss of reputation. When your image as a complementary therapist is damaged following a claim you successfully defended, you are liable for settlement. In most cases, insurance companies offer $30,000 of public relations support to help you regain your image.
Holistic Therapy Insurance
Unlike conventional therapies, holistic therapies consider the whole person when addressing a problem rather than focusing on specific symptoms. Holistic therapies are almost similar to complementary therapies because they both focus on improving a person’s health and physical condition. Holistic therapy insurance is designed to cover specific needs in the career of a holistic therapist.
With insurance for holistic therapists, you are covered against things like accidental damage to your business property. This means that if the tools you use to perform holistic therapy are stolen or damaged, you are covered. This insurance policy also covers you in case a client file a claim against you. You won’t have to spend money dealing with the lawsuit; your insurance company will do that instead. Furthermore, holistic practitioner insurance protects you against public liability. This is when a third party claims compensation from you or your business.
If you use a defective product or your clients claim that you used a faulty product on them, your holistic therapy insurance will protect you. All of these scenarios can be costly and damaging if you don’t have insurance cover. With the challenging nature and unique risks you face as a holistic therapist, holistic insurance policies also cover malpractice insurance and financial losses.
Malpractice Insurance
No matter how skilled and experienced you are as a holistic therapist, things can go wrong. In such cases, your client can file a costly compensation claim against you. Insurance for holistic health practitioners protects against such issues. This insurance policy covers you against compensation claims for damage or injury caused by negligence or errors. Besides, it covers all the legal expenses and costs associated with court proceedings.
While public liability insurance covers against such cases, you might still face challenges as a holistic therapist due to the nature of your business. For instance, many potential claims could be excluded from the policy, making you vulnerable. It is for that reason that holistic insurance includes a malpractice insurance extension. This policy covers you against compensation claims for mental, bodily injury, and psychologically damaged caused by your procedure or your advice, or both.
Financial Loss Insurance
This is a standard business insurance policy that explicitly covers compensation claims that involve property or bodily damage. Keep in mind that this policy doesn’t cover claims involving economic losses. This means that if you didn’t injure or damage your client’s property, but for some reason, they cannot work due to your holistic therapy procedure, you would not be covered.
A client can sue you for damages if they cannot work due to your advice or procedure. This is why it is essential to get a comprehensive insurance policy covering all aspects of your profession. Many alternative therapy insurance policies are tailored to cover such cases, protecting you against compensation claims for bodily injury. This underlines the importance of purchasing holistic therapy insurance cover. It protects you against a wide range of claims that could otherwise cost you a lot of money.
