Hi, my name is Ryan, and I’m a business insurance broker specialized in Malpractice Insurance for beauty practitioners at Zensurance.
If you’re a beautician or you are a beauty professional, and you perform beauty or skin treatments in Canada, you’re probably aware of all of the potential risks that come with your profession.
Say, an adverse skin reaction that leaves permanent marks on a client’s face or an accidental eye injury when performing an eyelash extension. Those are just some of the scenarios that can call for beauty malpractice insurance.
Some of the common specialties that we deal with here at Zensurance are aestheticians, lash technicians, hairstylists, and even microblading specialists and laser technicians.
Additionally, if you are an independent contractor who operates in a salon or spa, you might even be required to have an insurance policy prior to performing any beauty treatments in the landlord’s location.
So, what types of insurance policies do beauty practitioners need?
Well, there are two basic ones. The first one is a Commercial General Liability Policy. It’s simple; it protects you from claims of property damage or personal injury to third parties. The second type is a professional liability policy. This one’s really important. It protects you from claims of negligence or even improper treatment related to treatments you provide to your clients.
Those two policies usually go hand in hand, and they’re really the most basic forms of coverage for beauty practitioners.
There are additional policies we can add on. Two really popular ones that we see are contents coverage, which covers your business belongings like furniture and even your beauty tools from things like fire, theft, and flood, among other things. The second one is Business Interruption coverage: This is a really cool coverage, it protects your regular income in the event that your business is halted for some reason, such as a fire at your location or a natural disaster rendering it unusable.
Additional coverage for specific needs can always be added to your basic policy. You should always talk to your commercial insurance broker for the best advice on add-on options.
So, let’s talk about costs; there are many factors that go into how the cost of your insurance policy is calculated. Just to name a couple of them, factors include:
- What types of salon services you offer;
- The approximate revenue expected in the coming year; and
- Whether you own a salon or work as a sole proprietor.
To get a price estimate for your beauty malpractice insurance, simply head over to www.zensurance.com, click on get a quote, answer a few simple questions, and in a few minutes, you’ll receive your beauty insurance quote.