EMPA provides liability insurance to energy practitioners of all disciplines and provides education and community.
Some states mandate massage practitioners carry liability insurance. Most policies provide space for Innersource to serve as an Additional Insured Endorsement (AIE).
EMPA is here to support both you and your practice!
Liability Insurance
Energy healers help people achieve balance by clearing away blockages in the flow of energy throughout their physical bodies, minds and spirits. Energy healing specialists employ various techniques such as Reiki, Wim Hof Method, guided meditation, sound healing and numerology among many others to assist clients. As healers we have an obligation to ensure safe and effective services are delivered despite best practices being adhered to – liability insurance coverage should always be included when offering these services to clients.
Liability insurance protects you in case someone claims they were harmed by your services, while helping to get back to work quickly by covering legal fees and damages claims. Furthermore, liability coverage may be required in some states and cities in order to practice or rent space, making demonstrating professionalism to potential clients even easier and broadening opportunities for growth in your practice.
Energy healers and holistic providers in the U.S. who enroll with EMPA’s Professional and General Liability policy can obtain insurance quickly online at an affordable monthly cost – less than $25 per month is all it costs for peace of mind, plus upgrades can be added anytime during the year.
Purchase of insurance through EMPA allows you to list all of the Energy Medicine modalities you practice, and provides useful resources like the Practitioner Directory and educational materials regarding risk management strategies, marketing, and additional energetic skills. EMPA takes great pride in offering protection and helpful resources to energy practitioners from every background and modality; together we make stronger. For the latest insurance news and updates visit empatha.com; underwriter for EMPA insurance is Tokio Marine Specialty Insurance Company of Tokio Marine Group.
Business Owner’s Policy (BOP)
As a business owner, you should obtain commercial property and general liability coverage. Sometimes this is legally mandated; other times it opens doors to renting space or participating in events. Carrying insurance demonstrates your dedication and shows clients you take your practice seriously.
Holistic practitioners working from their homes or other off-premise locations may benefit from investing in business interruption coverage should an incident impede their work and/or revenue-earning potential. Personal homeowners or auto policies typically don’t cover incidents that affect company property or income; an extra policy such as this one could be invaluable investments for holistic practitioners.
BOP, also known as Business Owner’s Policy (BOP), is a government mandate designed to provide protection for referral and counseling centers against third-party property damage claims and bodily injury lawsuits brought by third parties. BOP is required for non-profits as well as some for-profit businesses; its cost will depend on factors like property value and type, location, claims history history and more. BOP policies are available both to companies with less than 99 employees with designated workplace locations that generate less than $1 Million annual revenue and industries considered low risk.
Commercial General Liability (CGL)
Commercial general liability (CGL) insurance protects holistic health practitioners against third-party bodily injury and property damage claims on their premises, recommended for practitioners who rent or lease office space. CGL policies cover risks such as water damage, fire, severe weather events, theft and vandalism – with most policies also including business contents/inventory coverage as part of this package.
Two organizations were key players in developing the New IBC CGL Form; Insurance Services Office (ISO) in the US and Insurance Bureau of Canada (IBC). Industry leaders determined that major revision was necessary to bring this standard form of insurance in line with evolving jurisprudence over two decades.
The primary difference from the previous version was the inclusion of a definition for “compensatory damages,” to limit their traditional indemnity nature and protect claimants’ right to defence and recovery without violating other statutes or common law principles. This step became necessary due to existing jurisprudence which upholds such rights while being at odds with statutory provisions or common law principles that apply.
As another change, a new exclusion for electronic data coverage was added due to concerns that its exclusion was missing from the prior form. While Canadian courts await clarity on its interpretation, IBC suggests purchasing an individual Technology Liability policy in order to cover this and other emerging “e-commerce” related risks.
The New IBC CGL Form’s definition of property damage contains a “deeming” provision which addresses when an insured’s loss of use claim arises. Let’s say Pop has an electric knife stolen from his home, reporting it both to his insurer and police; when these parties conclude that the burglary did not occur by accident and took place when left unattended; under this definition of loss of use under IBC CGL Form’s loss of use section his 2006 liability policy must respond pro rata rather than on an annual basis as was done under 2002 – 2004 policies which covered his losses under loss of use coverage clause.
Cyber Liability
As digital world evolves, so do hackers’ techniques of attacking and destroying data. Cyber Liability policies exist to protect companies against this risk; typically indemnifying insureds for lost income as well as costs to repair or replace electronic data and notify affected clients about data breaches and threats. Insurers typically get reimbursed for these expenses related to cyber liability policies.
Key to any cyber liability policy is defining “computer system.” This refers to any hardware and software owned, leased or utilized under service contracts by an insured; as well as digital assets like customer lists, sales records, intellectual property rights, marketing information or employee files that fall within its coverage.
As with other commercial lines of insurance, Cyber Liability policies come with their own set of coverages and terms to understand. One key point is that Cyber Liability policies tend to be occurrence policies; this means an incident must have taken place during the policy period in order to qualify as valid claim. Furthermore, limits represent maximum amounts that insurer will cover for individual causes of loss that have arisen under any active insuring agreement; they are usually listed on Declarations Page with each active insuring agreement having an associated limit displayed.
As part of their efforts to protect their insureds, most Cyber Liability policies include deductible and co-insurance requirements. A deductible is an amount the insured must pay toward a covered loss before receiving payment from their insurance carrier; co-insurance requires them to retain a certain percentage of risk through retention methods such as self-insured retentions or self-deductibles.
Policy exclusions should also be carefully considered; for instance, cyber liability policies do not reimburse their insured for losses caused by acts of terrorism or breaches related to criminal conviction or indictment proceedings. It is imperative for businesses to carefully consider all the exclusions found within their policies before purchasing them.
As technology and business practices advance, protection against ever-evolving risks becomes ever more essential. That is why EMPA provides comprehensive energy medicine professional association insurance packages.
