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Malpractice Insurance: What you need to know

Malpractice insurance is a MUST for your practice. If  something were to ever happen and you are to get sued, Med-Spa related verdicts have reached over 1 million dollars, but have an average of $25,000. An annual premium for malpractice insurance can be between $4,000 and $10,000. This might seem unnecessary until it happens to you. A lawsuit can permanently damage your practice, so make sure you are protected. As with everything, malpractice laws vary from state to state so make sure you do your research to find out what kind of coverage you need in your state. Here are some tips that we have found: Malpractice insurance

If you are an independent contractor, finding an underwriter that allows you as an independent can be very tricky. However, you can find malpractice insurance that will cover you as an independent practicing cosmetic dermatology, injectables, lasers, sclerotherapy, skin treatments, skin tightening, fat dissolvers, dermal fillers etc. If you limit the scope of your insurance to just the treatments you provide, you can keep down the price of your insurance.

We recently talked about having a medical director in your practice. In some cases the medical director is there to know how to treat a burn, a cannulated blood vessel, or other side effects of procedures, but not actually performing the procedures.They are more there for client relief or incase of emergency. If your medical director is performing treatments on your clients, they will need to have their own malpractice insurance for those treatments. If not, you can still protect them with medical director coverage. That way, if someone tries to go after the medical director, they are still covered with your malpractice insurance, even if they are not performing any procedures.

A great idea is to have your medical director trained in your field anyways. This looks good on your record, but can also further relieve clients and make them feel even more at ease. Have them take a few classes so they know the basics.

Overall, malpractice insurance is a MUST for your practice. It will save you and your staff in the long run. Plus it makes you more credible and looks good to patients.

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My instructor was very much hands-on which was a huge benefit. She answered questions, offered suggestions, and made me feel comfortable injecting my very first model with BoNTA and dermal fillers.

Barbara Calhoun, FNP

I was fortunate to have the opportunity to attend both a Botulinum Toxin Type A training course and an actual “day in the office” with Jill Jones, RN,CPSN at the Atlanta Training Center. This was an invaluable learning experience and helped me to become a more confident Botulinum Toxin Type A injector and ultimately, grow my cosmetic practice. AAI instructors keep abreast of all the latest techniques and cover both the basics and advanced information on Botulinum Toxin Type A in their course, which would benefit both new and experienced injectors. I would highly recommend attending aesthetic instructional course as well as shadowing at the Atlanta Training Center.they are truly cosmetic artists!

AMANDA BRYANT, PA-C

I have taken three courses and have been thoroughly pleased with all of them.  The basic and advanced Botulinum Toxin Type A/ Filler course I attended with Jill not only gave me all of the basics I needed to build a successful injectable practice, but gave me the confidence that I would have a support system in the rare event that I had an additional question after the training course.  The sclerotherapy course with Terri Harper was also very beneficial.  In the two years I have been practicing sclero in my practice I have had to contact Terri two times with a question and she has answered within a matter of minutes and offered additional help in the case of further issues.  I could not be happier with the training and follow up support  I receive with AAI and the talented staff I have met along the way.  I would highly recommend these classes and this fantastic group of professionals to anyone.

CHRISSY THOMAS, RN