KEY TAKEAWAYS: The question is: Do I need cosmetology liability insurance? If you read the title of the blog – you know the answer. But with so many beauty pros in agreement, there must be something compelling about beauty insurance. Read on to discover what makes liability insurance so essential and why you should invest in it yourself.
At Elite Beauty Society, we keep our finger on the pulse of what is happening in the beauty world. From the next viral trend to legislation changes that could affect the next generation of cosmetologists, we take pride in keeping you up to date and informed.
We recently asked almost 800 beauty pros a series of questions to evaluate their thoughts about cosmetology insurance, and the results were overwhelming. Of the 789 respondents, 95% answered yes to the question, “Do I need professional liability insurance?”
Why Liability Insurance is Important for Beauty Professionals
When 95% of professionals agree on something, you can feel confident that it is essential to success within that industry. Beauty insurance is no exception; there are several legitimate reasons for every cosmetologist to invest in liability insurance for themselves and their beauty business.
The benefits of liability insurance for cosmetologists include legal and financial protection, the preservation of your reputation, and increased client confidence in your professionalism. At the core of all of these advantages is one simple fact: the unexpected can happen at any time, and it is best to be covered when it does.
By its very nature, a career in the beauty industry carries risk. Customers can have allergic reactions, you can accidentally cut someone with your shears, a visitor can slip on a wet spot or trip on a rug, and financial and professional ruin can lurk around every corner.
Beauty insurance is there for you when these or other unfortunate circumstances occur, providing you with the coverage you need to weather the storm and emerge on the other side ready to continue your career.
Why 22% of Beauty Professionals Still Don’t Have Insurance
If the vast majority of beauty pros agree that insurance is vital, why do 22% of them choose not to invest in such important coverage? This is the burning question that can expose almost one in four beauty pros to unnecessary risk.
It all starts with common misconceptions about beauty insurance. Many cosmetologists think that insurance is too expensive, won’t cover the services they offer or products they use, or that the coverage limits are too strict. Others simply don’t bother because their place of work doesn’t require them to have a policy.
In our survey results, nearly half of beauty pros said that price is a top factor when they're selecting an insurance provider. For those concerned about the price of liability insurance, there is a solution.
"Nearly half of beauty pros said that price is a top factor when they're selecting an insurance provider."
Providers like Elite Beauty Society offer comprehensive coverage at affordable prices, giving you the coverage you need to avoid financial disaster without breaking the bank in the here and now.
We cover the entire spectrum of services (over 500!) with generous limits ($2 million per occurrence and $3 million per year), all while making the process easy. Elite Beauty Society's purchase process takes less than 5 minutes.
Roughly 65% of beauty pros said their workplace requires them to carry insurance, but even if your salon or spa does not, you should still purchase a policy for yourself. It is a wise investment that will cover you in the event of an accident or other lawsuit and have your back when your employer might not, especially if you travel to different locations or are self-employed.
Our Survey Responses Directly From Beauty Pros
In your opinion, is liability insurance important for beauty professionals?
95% said yes, liability insurance is important for beauty pros (747 out of 789 respondents).
Do you have professional liability insurance?
22% of beauty pros do not have professional liability insurance (176 out of 807 respondents).
Which factor is most important to you when purchasing liability insurance?
- Price (42%, 334/789)
- Services Covered (23%, 181/789)
- Coverage Limits (15%, 118/789)
- Ease of Purchase (9%, 74/789)
Does your place of work require you to have liability insurance?
63% said yes, their workplace requires it (499 out of 789 respondents)
Learn More About Liability Insurance with Elite Beauty Society
Whether you’re shopping for your first policy or looking for something better, Elite Beauty Society is here to help you learn about liability insurance and find the perfect coverage for your needs. We offer comprehensive coverage at fair prices, giving you the protection and confidence you need to thrive throughout your career.
Two Year
Lock in a rate of $150 per year by purchasing our two year policy, with all the same benefits.
$
299
/2 years
One Year
Protect your career for a single year. Get comprehensive coverage at the most affordable rate.
$
179
/year
We are also a premier resource for beauty pros, providing industry updates, business tips, and helpful guides on a variety of topics. Be sure to subscribe to our newsletter and visit our blog to stay up-to-date on everything going on in the world of beauty.
Meet Hanna Marcus, the Founder and Head Copy Gal behind Boundless Copy, a one-of-a-kind copywriting agency that specializes in big, bold brand voice and industry-disrupting copy that’s all about resonating with the right audience.
Hanna has proudly teamed up with Elite Beauty Society for several years as their go-to copywriter on all things beauty, small biz marketing, and brand voice development. She’s big on feeling-first writing–her personal soapbox is that the best copy starts with telling a story.
When she’s not writing cheeky, converting copy for clients, she’s mentoring other aspiring copywriters and creating digital copywriting resources designed for service pros and focused on taking the stress out of DIY copywriting.
