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Treatment Risk Cover protects you or your Company against unforeseen legal issues and the potential attributed legal and compensation costs following an injury or illness to your client which they claim was caused by your negligence. Legal action or disputes have the potential to be hugely expensive for any organisation and could have a debilitating effect on finances and the day to day running of the business. Your reputation could also be affected by the bad publicity this situation would bring.
The majority of our Public Liability Insurance policies include an extension of cover for Treatment Risks which could protect your Company should the worst happen.
A few days after you have finished the tattoo/piercing/laser treatment the client calls to say that the treatment has become infected and they have received advice from the hospital to take antibiotics and time off work. The incident may leave a scar. The client has contacted a solicitor who advised them to claim from you for damages which could add up to £100,000.
Consumer policies tend to have a cooling off period. Some commercial policies will offer a pro rata cancellation refund if cancelled mid-term. Some policies are known as minimum and deposit. This means all the premium is due from the moment you take up the policy with no refunds given. It is always worth consulting with us regarding any questions you have around this. Our aim is always to provide you with the insurance solution which best fits your business and current needs.
This is a non-refundable insurance policy, usually reserved for liability insurance policies.
This type of policy can protect your business against the cost of commercial legal advice and representation needed as a result of legal defence costs following an allegation of injury or illness following a treatment.
This type of policy is designed to meet the needs of Tattoo Artists, Body Piercers, Laser operators and semi permanent makeup artists.
You do not need to have this insurance, however, treatment risk insurance can cover a number of legal costs that your public liability insurance doesn’t cover which is why we would always recommend you include this on your policy.
On some occasions they do via selected registers. The best approach is to declare everything you think is relevant, thus removing any concerns you may have about historical data.
Policies vary greatly. Some products, like high net worth private household policies give very broad cover including warranty free policies whilst other policies may restrict cover to very narrow set of conditions using policy wordings. It is also true that insurers approach to claims handling varies greatly and you should always enquire as to how well an insurer deals with claims.
This is when a proportional amount of the premium is refunded in line with the amount of time that remained on the policy.
The answer is an emphatic yes! Most insurers will ask you a direct question in relation to liquidation or bankruptcies, it may be for a limited period or ask you to declare any incidents ever. It’s important to answer the question correctly as this is often an area that comes up when insurers are investigating claims.