Cosmetic Indemnity Insurance – Why Do You Need Insurance Protection?
As a specialist Healthcare and Medical Indemnity Broker, we work with a wide range of Healthcare Professionals, arranging quality bespoke Indemnity Insurance based on their specific requirements.
Since 2015 Cosmetic Surgery has grown by 5% year on year, with reported £600M in 2017 for Cosmetic Surgeries performed in the UK. *
The rapid growth of industry has opened up ample opportunities for Healthcare Professionals and individuals with relevant qualifications to tap into the lucrative Cosmetic Surgery market.
With increased supply and increase demand, comes an influx of potentiality for a claim to arise. If a patient believes your cosmetic work to have caused emotional or physical damage, they will file a claim against you, true or not.
Cosmetic Indemnity Insurance is designed to protect you against still – providing you with the coverage you need to keep on working throughout your career.
What type of Insurance do Cosmetic Practitioners need?
Cosmetic Practitioners require Specialist Insurance to cover all aspect of Medical Malpractice, in the even the procedure did not go according to plan, or the patient had an adverse reaction.
This specialist insurance is often provided by private insurers on a Claims Made Basis.
Our Bespoke Cosmetic Insurance is designed to protect you for any cosmetic works that you carry out at your clinic or designated work space.
Who do Servca cover?
We actively work with the below entities in arranging bespoke insurance programmes, offering ‘best in class’ international coverage, including USA cover options.
- Cosmetic Practitioners (Individual, Group or Partnership) – we have the most cost effective solution for your requirements.
- Cosmetic Surgeons – From basic surgical procedures to full reconstructive surgery, we specialise in arrange bespoke insurance solutions for world-renown surgeons, either as individuals or as groups and private practices
- Clinic & Surgery Insurance - We understand the challenges in running a busy healthcare business. Our specialist cover options for Clinic & Surgery insurance allows you to customise the level of cover you need, subject to the size of your practice. Click here to receive an instant quote indication.
- Product Suppliers - As the Cosmetics industry grows, as do the requirement of product suppliers and innovations. We work with a host of international product designers, suppliers and manufacturers in establishing bespoke insurance solutions covering all Products and Public Liability, including Product Recall and reputational damage.