What Kind of Insurance Does an Esthetician Need?
What Every Esthetician Should Consider On Their Policy
Whether you’re brand new to the beauty biz or you’ve been in the industry for decades, there’s no denying that at some point, you’re going to be impacted by insurance—more specifically, the confusion that surrounds choosing the right insurance for your career.
With a swirling variety of companies out there promising a slew of different types of insurance policies, it can be hard to pick a policy or a partner that’s actually a perfect fit for you and your career.
This can be especially confusing as an esthetician.
Sure, you fall into the cosmetologist category to some degree, but as an esthetician, you’re sort of marching to the beat of your own drum.
Does a blanket cosmetology insurance work for you or should you opt for a policy that’s more in-tune with your unique needs?
We’re answering these questions—and more—in this blog made specifically for estheticians. Keep reading to learn more about the right type of insurance for you!
What Type of Insurance Should Estheticians Prioritize?
If we had to give you one piece of advice to follow on your search for comprehensive insurance for your esthetician career, we’d say this—don’t settle.
While that advice is definitely good, it’s not entirely helpful if you don’t know what type of insurance you should be seeking out in the first place.
So, yes, don’t settle when it comes to choosing the right insurance to protect your career—but before you can do that, you need to know what type of insurance you should be holding out for.
So, take a dive into some of the must-have coverage below to get a feel for what you should be looking for in an esthetician liability insurance policy that’s top-notch, high-quality, and actually going to protect you!
General, Professional, & Product Liability
Consider this your no. 1 priority when it comes to insurance that will protect your career, your finances, and your future. Liability insurance should cover all your bases—your professional services, the products you use, and the general risk that you assume when running an esthetician business.
This combo is one of the most effective ways to safeguard all aspects of your career because as a professional, you are responsible for the health and welfare of your clients—these are forms of pertinent risk management in which you can protect and relieve the financial responsibility.
It’s important to choose esthetician insurance that offers hefty coverage per claim (like up to $2 million per claim and a $3 million annual aggregate) to ensure your coverage has your back no matter the situation.
Additional Insured Options
Additional insured options are a specific type of insurance status that provides coverage to a specific individual or group who was not initially named on your insurance policy.
While you’re the primary policyholder, you can add new names to your policy to guarantee their protection. (Want to know more? We’ve got a whole blog about it right here!)
This type of policy is a must for estheticians who hire freelancers, contractors, and even employees—this addition will add them as endorsed individuals on your policy to help protect them and enable them to file claims if necessary.
Identity Theft Protection
It might seem silly, but opting for a policy that includes identity theft protection can actually be the key difference between a small identity issue that gets tackled ASAP and a career-ending incident.
Opt for a company that can provide a substantial amount (like up to $25k) for your identity theft protection.
Rental Property Damage Protection
As an esthetician, there’s plenty of opportunities to strike out on your own instead of working for a boss. If this happens, you’ll need a dedicated space to run your business.
Often, estheticians will rent property as a commercial space, and while that space might come with insurance coverage of its own, it’s absolutely crucial that your professional insurance policy has some sort of rental property damage protection built-in.
Because a complementary insurance policy offered by the landlord is designed to protect the landlord and the property—your professional policy is designed to protect you and your career. This type of coverage can keep you protected from any damage issues that might arise.
Looking to stay in the know about all the good insurance advice you need? Hoping to stockpile insights to help further your esthetician career?
Good news—we’ve got you covered. Make sure you subscribe to Elite Beauty Society to ensure you never miss a beat, a hot topic, or the latest gossip!