As a professional, if you want to protect your business from malpractice and cover liability arising out of products you sell, then you're in the right place!
Alternative Balance associations are the only organizations that offer coverage for products sold or manufactured for use in the beauty, fitness, and wellness industries , while also offering coverage for an individual's professional services. As an industry leader, Alternative Balance associations have successfully provided insurance for over 10,0000 members nationwide.
Because most trade associations do not have a real understanding of the products industry, companies and individuals in the beauty, fitness and wellness industries were having a difficult time finding cost-effective insurance options that completely covered their operations. Our policies are tailored to address the liability exposures many policies overlook or exclude, but that are important areas of coverage for the industry.
Alternative Balance continues to focus on offering all members the most comprehensive and affordable coverage available, regardless of how big or small the member's operations are.
Product liability is an "add on" to the membership, which includes our standard plan of professional and general liability coverage. Product Liability Coverage must be purchased online and is currently only available to new members and members ready to renew.
New members simply choose the product liability option on our application. Click "Buy Policy" to get started. If you are renewing your membership, renew as usual online and add this option on your renewal application.
Our rates are based on your annual gross sales.
Our rates (all around) are much lower because of our large number of association members nationwide and the efficiency of our automated system, which cuts administrative costs.
Log in to your account center, click My Policies, choose the most current policy, then scroll down the page to the Download Options section and click the button that says "Product Endorsements." This endorsement document is your proof of product liability coverage.
To keep our rates low, we have designed our own automated, online system. Minimizing our administrative costs enables us to pass significant savings on to our members.
No, the product liability is an "add on" to our membership with insurance coverage.
The product liability coverage is endorsed to cover the limits of the current plan. There is no additional or separate coverage. The limits are as shown below:
|General & Professional Aggregate Limit||$3,000,000|
|Products-Completed Operations Aggregate Limit||$3,000,000|
|Personal and Advertising Injury Limit||Included|
|General & Professional Each Occurrence Limit||$2,000,000|
|Damage to Premises Rented to You Limit||$300,000|
|Medical Expense Limit||$5,000|
|Inland Marine/Business Personal Property Limit||$2,000|
|Identity Recovery Coverage|
|Identity Coverage Limit||$15,000|
**Please note these are brief definitions of coverage and your policy may be more restrictive in its language. It is essential that you refer to the actual policy for a complete description of coverages and exclusions.