The future of massage therapy looks bright. According to the Bureau of Labor Statistics , the occupation should grow as demand increases and the economy recovers in the coming years. In fact, the projected 10-year job outlook for massage therapists is a growth rate of 23 percent — much faster than average. As more people seek out their services, massage therapists may find themselves taking on increased workloads, new clients, and, hopefully, larger paychecks.
But as with any good news, there's a catch. Massage therapists face a number of exposures, such as malpractice and abuse allegations, and with more clientele, there's simply more opportunity for something to go wrong. Protecting yourself and your business from financial disaster will continue to be a serious concern.
If you're like the 62 percent of massage therapists who are sole practitioners, you're responsible for all of the business elements of massage therapy, including obtaining insurance. It's also up to you to create a risk management plan that minimizes your liability and guards your business's finances.
62% of massage therapists are solo practitioners.
If you're a new message therapist or going into business on your own for the first time, that can seem like a lot to take on all at once. That's where this guide can help. In it, you'll learn…
- What liabilities you have as a massage therapist.
- Which massage insurance policies can address your risks.
- Whether or not your state requires you to carry Malpractice Insurance.
- How to vet employees to reduce your malpractice risks.
- And more.
Next: A Brief Introduction to Massage Therapy Insurance