Beauty Insurance: What You Need To Know

As a beauty professional, you recognize the significance of having professional beauty insurance. It not only safeguards your business but also provides confidence when unexpected issues arise.
In this guide, we'll explore the key elements of insurance coverage, along with various beauty insurance types and their advantages for your business.

What Kind of Insurance Do Beauty Professionals Need?

Beauty professionals require insurance protection against potential business risks. We provide multiple insurance types to protect your operations and can assist you in choosing coverage appropriate for the beauty services you offer and your business scale.
Below, we've outlined descriptions and advantages of the most popular beauty insurance types in the marketplace:

Property Insurance

This coverage protects your business's physical assets, including buildings, equipment, and stock. Property insurance helps pay for repair and replacement expenses following disasters like fires or floods. It also assists in replacing damaged or stolen items such as blow dryers, styling tools, and salon chairs. When severe weather causes a tree to crash through your salon window, your policy helps pay for repairs and equipment replacement.
Property insurance typically covers these events:
- Fire
- Flood  
- Vandalism
- Theft
- Storm damage

Liability Insurance

Liability insurance shields you from legal obligations when someone gets hurt at your establishment. For instance, when you, your staff, or a customer sustains injuries on your premises, your policy helps pay medical costs.
It also protects you when someone files a lawsuit against your business for negligence or personal injury. For example, when a client alleges that your treatment services harmed their skin or hair, your liability coverage assists with paying their medical expenses and your attorney fees.

Product Liability Insurance

Like liability coverage, when your products cause injury to someone, product liability insurance helps shield you from costly medical and legal expenses. For instance, when you sell a faulty hair straightener that burns someone's scalp, your policy helps pay damages. Or when a client experiences a severe allergic reaction to your products, you can address the situation without financial strain.
Additionally, when you sell or use manufacturer-recalled products, your policy helps cover replacement expenses. This protection is valuable since product recalls can be costly and lengthy.

Business Interruption Insurance

When your business must close due to natural disasters or other uncontrollable events, this coverage helps you replace lost revenue. For example, when fire damages your salon, business interruption insurance assists in recovering income and covering rent, utilities, and staff wages.

Employee Dishonesty Insurance

Occasionally, you might face dishonest staff members who could damage your business. When employees steal cash or products, employee dishonesty coverage helps pay replacement expenses.
While all insurance forms are valuable, they aren't always required. Remember that your needed insurance types depend on your business size, location, and offered services.

What Is Professional Liability Insurance?

Sometimes called malpractice or errors and omissions coverage, this protection is crucial for service-providing businesses. This is particularly essential for establishments performing skilled services like hair salons and spas, or services that might cause injuries such as laser hair removal, tattoos, or teeth whitening. It shields you from legal responsibility when you make errors or face professional negligence accusations.
For example, when you're a hairstylist and mistakenly color a client's hair incorrectly, professional liability insurance helps cover correction costs. Or when you're a makeup artist using foundation that triggers a client's allergic reaction, this coverage pays for resulting bills or inconveniences from this unexpected situation.

What Is Commercial Property Insurance?

As a business operator, protecting your property from fire, theft, and other catastrophes is crucial. Property coverage helps you pay for repairs or replacement when covered events damage your business.
Most property insurance plans cover these items:
- Buildings
- Inventory
- Equipment
- Furniture
- Signs
For example, when your salon suffers flood damage, your policy helps pay repair costs. It also assists with replacing stolen equipment or inventory.
We suggest that beauty service businesses consider purchasing this insurance type to help protect against various potential disasters.

What's Covered Under Beauty Insurance?

Now that we've discussed available insurance types for beauty establishments, let's examine what most beauty insurance policies actually include. Remember that policies differ by location, so consulting with our qualified insurance agents about your business requirements is important for accurate quotes.
Generally, we suggest policies covering these areas:
- Accidents and property damage
- Equipment
- Liability
- Product liability

How Much Should I Be Paying For Beautician Insurance?

Your beautician insurance costs depend on several factors, including your business type, location, and required coverage amount. Generally, expect to pay between $500 and $2,000 annually for a policy.
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Naturally, the most effective way to estimate your costs is requesting a quote. We simplify obtaining beautician insurance by connecting you with providers. Our goal at Harper is to get you an affordable free commercial insurance quote. Complete the form above and one of our agents will connect with you shortly!

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