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Beauty Insurance: Everything You Need To Know In 2019

Whether you are renting a booth at a salon, work in you own beauty space, or as a freelance beauty professional, purchasing a beauty insurance policy supports and protects your career wherever you go. 

Liability Insurance provides peace of mind and assurance no matter where your career takes you as an artist.

A little insurance knowledge can empower you as a professional to make the right decision when it comes to researching and purchasing a professional and general liability insurance policy.

Below is a complete breakdown of everything you need to know before purchasing a beauty insurance policy in 2019.


What Is Professional Liability Insurance?

Professional Liability Insurance is a form of risk management in which the insured cosmetologist or beauty professional can be protected and relieved of the financial responsibility in the event of a potential claim. General Liability also falls under this umbrella.

What does that mean?

It is designed to protect beauty professionals from claims arising due to negligence, professional malpractice, and accidents during services rendered. General Liability protects beauty professionals due to accidents that may happen, that are out of the stylists control. General Liability is sometimes referred to as "slip and fall" insurance.


Why Do Cosmetologists Need Beauty Insurance?

In any industry, accidents are inevitable and unpredictable.

The average claim in the beauty industry is $5,500! Without insurance, this cost would come 100% out of your own pocket.

By carrying professional liability insurance, you can transfer the risk of monetary loss to your insurance provider. You no longer have to carry the emotional stress of figuring out how you’re going to pay a claim or defend yourself during the investigation period.

It only takes a single lawsuit or claim to bankrupt you. We live in a litigious society.

You are a professional with specialized training and certification. Though you may not be ultimately responsible for an injury or damages, your role makes you a target.

Even baseless claims require you to defend yourself. Legal defense can be costly.


What Are The Types of Liability Insurance?

GENERAL LIABILITY INSURANCE:

Protects against claims of bodily injury and property damage.

Scenario:

A client slips on water as she gets up from the waxing chair. Whether she says something at the time of the incident or not, a week later she files a claim for a slip-and-fall injury.

Other Scenarios Of General Liability Claims:

  • A skin client slips on oils used during a facial service with you as the esthetician.
  • A hair  client trips on un-swept hair during her hair color service with you as the hairstylist.
  • A nail client falls after getting up from your pedicure chair in her pedi-shoes with you as the nail technician.

PROFESSIONAL LIABILITY INSURANCE:

Covers claims filed by clients claiming to suffer injury caused by negligence of the professional. 

Scenario:

A week after an appointment, a client receives a cuticle infection from a nail treatment.

Other Scenarios Of Professional Liability Claims:

  • A skin client develops an allergic reaction due to the moisturizer you used during her facial. 
  • A nail client experiences an injury from the drill you are using during her acrylic service.
  • A hair client suffers from a slipped disk injury that resulted from her shampoo service.

What Is The Difference Between Occurrence Form and Claims Made Coverage?

This is an important part of selecting beauty insurance of which many professionals overlook before purchasing. 

It is not always clear which option to choose when selecting insurance, and some companies hide their policy details. We're here to clear the confusion when it comes to occurrence form vs. claims-made policies.

OCCURRENCE FORM:

 Coverage includes any claim filed even after your policy expires, as long as the incident in question took place while your policy was active. 


CLAIMS-MADE:

Coverage does not include claims filed after your policy is expired. Only covers policyholders for claims filed while the policy is active.


How Much Should I Be Paying For Cosmetology Insurance?

Professional Cosmetology Insurance prices will vary on the master policy and benefits. The price can range from $95-$249 based on factors such as—claims made vs. occurrence form policy,  coverage for equipment and additional member fees. 

PRO TIP: Always ask your insurance provider if you will be covered for claims filed after your policy has expired. Clients can file a claim up to two years after the incident!

Elite Beauty Society offers the most comprehensive and affordable beauty professional liability insurance available today. Included with Elite Beauty Society's cover are some of the exclusive member benefits and perks below.

One Year


SAVE $10 WITH THIS FIRST YEAR INTRODUCTORY RATE AND TAKE ADVANTAGE OF EVERYTHING WE HAVE TO OFFER.


$169 $159 / YR

Two Year


LOCK IN A RATE OF $139 PER YEAR, BY PURCHASING OUR TWO YEAR POLICY, WITH ALL THE SAME BENEFITS.


$279.95 / YR

Student


PROTECT YOURSELF IN SCHOOL & AFTER. BUY A POLICY JUST BEFORE GRADUATION FOR A FULL YEAR OF COVERAGE.


$25 YR

Or Call 800.326.5566 To Talk To A Live, U.S. Based, Customer Service Representative

Policy Highlights

  • Professional & General Liability: $2M per occurrence, $3M per year
  • Product Liability: $2M per year
  • Rental Damage Insurance: $100,000
  • Stolen Equipment Insurance: $1,000
  • Identity Theft Protection: $25,000
  • Instant Coverage & Immediate Certificate

PLUS FREE MEMBER BENEFITS

  • FREE Professional Website
  • FREE Subscription to One of Five Industry PublicationsBeauty LaunchPad, DAYSPA, Eyelash, MAN, or NailPro
  • Product and Tool Discounts and Promotions
  • FREE eBooks, Contests Business Resources, and More!

Or Call 800.326.5566 To Talk To A Live, U.S. Based, Customer Service Representative


How Elite Beauty Insurance Compares

Associated Hair Professionals / Associated Skincare Professionals

Health & Beauty Association

Hands On Trade Association

NEXT Insurance

Beauty and Bodywork Insurance (Insure Bodywork)

Alternative Balance

NOTE: The information in this comparison has been gathered from the websites of each organization and other third party sources. No guarantee or assurance is made by Elite Beauty Society as to the accuracy or completeness of this information. Date that we confirmed this information 2/14/18.

Or call 1(844) 921-4452 to speak to a live insurance representative.

 Beauty Insurance FAQs

How to compare hair and beauty insurance? What’s the difference?

How does Beauty and Bodywork Insurance compare?

What is Beauty Insurance Plus?

What are salon insurance prices near me?

Do hair stylists need insurance?

Do I need microblading insurance if I rent space at a salon?

What’s the difference between beautician insurance and cosmetology insurance?

What types of member benefits come with an Elite Beauty Society policy?

What kind of insurance does a cosmetologist need?

What is the best cosmetology insurance on the market?

What is beauty insurance?

Where can I see Beauty and Bodywork insurance reviews?

Do I need beauty insurance if I work in a mobile salon?

How do I know which services I provide are covered by Elite Beauty Society?