Is Your Pro Beauty License At Risk? Find Out Here.
Protect Your License: What You Didn’t Know About Insurance
Yes, your salon is most likely required to have business insurance—but does this guarantee protection for you specifically? Nope…and don’t forget about outside events like weddings, hair shows and off-site locations where you offer your services. That’s why we’re dishing out literally everything you need to know about professional liability insurance.
Keep scrollin’ for detailed answers to your biggest questions about coverage, finding your best options and how you can proactively protect the career you love from Elite Beauty Society.
Question 1: What Even Is Liability Insurance?
It’s pretty simple actually: Professional liability insurance is insurance for your craft that protects YOU individually as the professional. This means you are protected from any incidents regardless of where you’re working on location.
Even though you are part of a bigger salon team, being a cosmetology professional means you are an entrepreneur yourself and only YOU are responsible for your license.
Here’s Exactly What It Covers:
- In-salon, at-home and outside incidents or mishaps.
- Falling and slipping accidents.
- Bodily injury (yes, we know this is worst case scenario!).
- Unexpected medical issues. Here’s an example: Your client slips a disk in their neck due to pressure during the shampoo, or even has a minor scalp reaction to a product.
Never experienced an incident before? Consider this: You’re a trained professional, but accidents happen and one minor issue can lead to a clients filing claims, lawsuits, bad reputations and lost money.
Question 2: What Are The Top Things To Look For In A Provider?
Did you know many insurance policy providers include additional benefits to your insurance policy such as a free professional website, identity theft protection and stolen equipment coverage? Before you start researching, here are the top things to look for in a provider:
- Occurrence Form: This means that you will be covered for any claims that may be made after your policy expires. Clients legally have the right wait up to two years after the incident to file a claim.
- Individual Coverage: This means that you are covered as the individual for your policy for the full amount provided. You don’t want to share your amount with the rest of the staff at your salon. Once the “money bank” runs out, there are no more funds to cover you with a shared coverage policy.
- In & Out Coverage: Some policies only cover you while you’re at the salon, so look for the ones that will cover you outside of the salon. This can include weddings, events, and even your home office. Stay protected wherever your career takes you.
Question 3: Can I Afford An Insurance Policy?
Good news! Professional insurance policies are notably less expensive than the cost of other insurance policies. Click HERE to see a comparison grid that breaks down the benefits and pricing of the biggest providers on the market.