Smooth Operations: Unpacking the Benefits of SWG Healthcare for Medispas

Jul 2024

At South Western Insurance Group (SWG), we understand the unique challenges faced by healthcare professionals and facilities. SWG Healthcare: Medispas is designed to provide comprehensive insurance coverage tailored to meet the diverse needs of the healthcare sector. Medi spas blend medical technology with the traditional relaxation of a day spa by offering high-end treatments to patients under the supervision of a licensed medical doctor. Treatments at these spas include vein removal, skin rejuvenation, laser hair removal, Botox, microdermabrasion, chemical peels, liposuction, and other aesthetic procedures.  

The global market for medical spas, estimated at US$16.5 billion in 2023, is projected to reach a revised size of US$45 billion by 2030. With this growth being expected, we offer coverage for your clients ranging from property and machinery breakdowns to professional and general liability, SWG offers robust protection, ensuring that your clients can focus on providing excellent care to their patients. Now, let us explore the risks and hazards that medispas face.

Property / Business Interruption Insurance:

SWG Healthcare’s Property Insurance covers “All Risks” of direct physical loss or damage to buildings and other contents for which the insured is responsible. This is provided on a replacement cost basis, with no co-insurance penalty. Additionally, it covers related extra expenses incurred to continue operations following the loss or damage to the property and loss of business income due to interruption caused by an insured peril. 

Machinery Breakdown Insurance:

Our Machinery Breakdown Insurance covers the sudden and accidental breakdown of nearly any type of equipment, including electrical systems, air conditioning and refrigeration, mechanical equipment, modern office equipment, and boilers. The coverage includes the cost to repair and replace the equipment and any other property damaged by the equipment breakdown. 

General Liability:

An essential component of our SWG Healthcare: Medispas product, providing comprehensive protection against various third-party claims. This coverage ensures that your client’s medispas practice is safeguarded against potential liabilities arising from your day-to-day operations, giving them peace of mind, and allowing them to focus on delivering exceptional care to their patients. 

Professional Liability (Medical Malpractice):

Professional Liability Insurance is a critical component of our SWG Healthcare: Medispas product, designed to protect healthcare professionals from claims arising from their professional services. This coverage, also known as Medical Malpractice Insurance, is tailored to meet the unique risks medispas face, ensuring comprehensive protection for their practice. 

Regulatory Challenges:

In recent years, the medispa industry has seen a rise in certification requirements for employees and stricter instrument warranties. Accrediting bodies, such as the Canadian Association of Medical Spas and Aesthetic Surgeons, are enforcing higher standards. Alongside this, the industry is expanding with more facilities to oversee qualified professionals. Various positions, including estheticians, massage therapists, and spa directors, now require specialized certifications. Therefore, insurance brokers must secure comprehensive coverage for their medispa clients to protect against the increased risks associated with these heightened standards and the growing industry. Ensuring great coverage will not only safeguard the medispas but also support their commitment to excellence and compliance. 

With SWG Healthcare: Medispas, you can rest assured that your client’s healthcare practice or facility is comprehensively protected. This innovative insurance solution is designed to cover all critical aspects of their operations, allowing your client to focus on what matters most.

*Insurance coverage may differ across provinces.


  1. Global Medical Spa Industry Report 2023-2024 and 2030: Medical Spas Expand Services to Include Dermal Fillers and Botox Treatment Encouraged by Strong Demand Patterns