Therapist Insurance Scheme

The Insurance Cover is £4,000,000 or £6,000,000 (limit of liability) per section any one claim, for an unlimited number of claims in the year, plus unlimited legal defence costs are covered in addition. There is no excess.

Insurance options available include:

• Beauty Therapist – £82.00 for a year and includes the legal and taxation package along with many other therapies/activities subject to suitable qualifications held.
• Nail Technician – £67.00 a year and includes the legal and taxation package
• Student – £20.00
• Optional Personal Accident cover – £11.00 a year

Just some of the features within the policy

• The Insurance Cover is £4,000,000 or £6,000,000 (limit of liability) per section any one claim, for an unlimited number of claims in the year, plus unlimited legal defence costs are covered in addition. There is no excess.
• Wide definition of insurance cover is clear and is not restricted to treatment only. This cover includes Medical Malpractice, Professional, Public and Products Liability (claims in this section do not reduce the amount covered for other sections of the policy as is normally the case in other policies). Products Liability is provided for unlimited sales to clients and for up to £30,000 of retail sales (sales to non-clients).
• This policy is on a Claims Occurring Basis, but with a unique difference. If you do not renew for any reason with Balens, we automatically include Run-off cover for an unlimited period of time, meaning that if a claim was to be made years down the line after stopping your policy, you will always be covered for work you did within the insured period.
• All premiums include full malpractice retroactive cover for previously insured work performed
• We include an upgrade of cover feature on the Zurich Policy that protects you against the effects of inflation, and rising court awards. This cover is a pioneering hybrid offering the advantages of a claims occurrence policy with features normally only found on a claims made policy, but with none of the disadvantages, particularly around the issue of discontinuing cover and possibly being uninsured later on if a claim is discovered. Many wordings give conditional “unlimited” or time restricted run off cover if you cease the policy at any time
• Policy also includes cover for Loss of Reputation, Libel & Slander, Breach of Intellectual Property, Client Confidentiality Protection, Loss of Documents & First Aid.
• Includes Disciplinary Hearings cover, plus pre-disciplinary hearing legal advice up to £1000
• Students can be covered for all work prior to qualification, subject to adequate supervision and safeguards
• A wide range of activities can be insured, as well as non-treatment related work and advice – our definition of a “Health Professional “ or “Health Business” and the types of situations covered is extremely wide
• Flexible underwriting to accommodate changes in your practice, fast turnaround of documents and queries.
• No additional charges for routine changes to cover or duplicate certificates.
• The policy covers you to work anywhere in the UK as well as cover for temporary trips abroad without a time limit (conditions apply).
• Expert claims handling

Also included is a separate Legal Protection Package underwritten by DAS Legal Expenses Insurance Company Limited (DAS) which covers Criminal Defence and other costs up to £100,000. The cover includes the following features:

• Wide range of free 24 hour Advice lines, including Legal/Tax Advice, Counselling, and business support services are included. Corporates entities with employees require a different policy,
• Jury or Witness Service Compensation for lost income as a result of having to attend.
• Defence of your legal rights involving Criminal Proceedings as well as Data Protection and other legislation cover, wrongful arrest, actions against you for unlawful discrimination etc.
• Negotiation and Representation (including accountant’s fees) in the event of an Inland Revenue partial or full enquiry. Some accountants have been known to charge over £90 for this.
• Business Assistance Helpline for emergencies involving your premises
• Disciplinary Hearings Defence and Legal Expenses if you lose your Statutory Licence to practise.

If you would like more information, please visit http://www.balens.co.uk/services/customised-schemes/the-beauty-academy-insurance-scheme.aspx. You will be able to download the form to complete and return or sign up instantly using a credit or debit card.

For the purpose of insurance only, The Beauty Academy is an Introducer Appointed Representative of Balens Limited, Bridge House, Portland Road, Malvern, WR14 2TA, who are authorised and regulated by the Financial Conduct Authority. Balens Limited Registration Number FRN 305787 and regulated by the Central Bank of Ireland for Conduct of Business rules. Balens Financial Ltd (FRN 630456) is an Appointed Representative of Go IFA who are Authorised and Regulated by the Financial Conduct Authority under the FRN 530741. Balens Finance Services Ltd (Bifs) is authorised and regulated by the Financial Conduct Authority under the FRN 721566.