Know Your AMTA Liability Insurance
Recently, there has been a lot of misinformation circulating about AMTA’s liability insurance coverage. Your liability insurance is important and we want you to know the facts and be confident that you are covered in your practice. AMTA believes members also have the right to know about our financial health, including the security of our liability insurance policy. In a word, they are both strong.
AMTA is a non-profit professional association, not a for-profit company selling insurance. One of the many important benefits of AMTA membership is our liability insurance. And, AMTA’s insurance is the best available.
Don’t be fooled by claims in promotions of low-priced liability insurance plans. AMTA’s insurance plan is what is called state “admitted insurance”, backed by every state’s guarantee fund. To our knowledge, we are the only national massage organization that has been issuing coverage through “admitted insurance” for many, many years. Would you put your money in a bank that isn’t FDIC insured? Joining AMTA, you have that kind of protection for your liability insurance.
Questions are sometimes raised about insurance policy limits. To many, this can look like smoke and mirrors and usually is confusing to anyone other than those who work in the insurance industry. That’s because there are different approaches to insurance plans. Every company says their product is the best. We believe AMTA’s liability insurance coverage is the best available to massage therapists, because it covers many things other plans do not cover, it has the highest limits of coverage and it is “admitted insurance.”
The aggregate listed on AMTA’s policy is the maximum per year coverage for all of types of claims for one person. AMTA goes to great lengths to ensure the stability and integrity of the insurance offered, because our reputation of 67 years is on the line. AMTA provides a reserve fund which ensures that if claims against our members are ever beyond the annual limits of the policy, the association can cover the overage. That fund is reviewed annually as part of the association’s financial audit, which provides the assurance a practicing AMTA member needs when a claim is filed against them. You also should know AMTA has been providing liability insurance longer than any other massage organization and claims have never come close to the annual limits of the policy.
It is our hope that massage therapists will thoroughly examine all the benefits of AMTA membership, including our liability insurance policy and understand that joining and being a member of AMTA not only protects their practice. It will foster professional development, involve them in the AMTA community (backed up with a network of 51 chapters, electronic forums and continuing education opportunities), as well as advance the massage therapy profession.
If you have questions about AMTA’s liability insurance coverage, contact the Member Experience Department at the AMTA National Office (877-905-2700).