Why Esthetician, Cosmetology & Massage Firms Need Business Insurance
The very personal nature of the therapeutic, beauty, and health treatments you offer exposes your small business to specific risks. And that’s in addition to the typical issues most small businesses deal with like property damage or loss of important records. Learn about the insurance coverages personal care services professionals like estheticians, cosmetologists, and massage therapists most often purchase from The Hartford.
Who Needs Massage Insurance, Cosmetology Insurance and Esthetician Insurance?
Businesses in the Esthetician, Cosmetology and Massage industries that want to protect their company assets from loss due to business risks may benefit from Massage Insurance, Cosmetology Insurance or Esthetician Insurance. If your business provides health and beauty products and services, including massages, hair care, skin care, cosmetics application, and cosmetics sales and services, consider purchasing business insurance. It's designed to help protect your company from the typical risks facing businesses in the health and beauty industry. Due to the personal and sensitive nature of the work your business does, it's important that you tailor your insurance coverage to the specific risks your facing your business.
Business Owner’s Policy
Most therapeutic, beauty and health treatment professionals, like estheticians, cosmetologists, and massage therapists have a Business Owner’s Policy (BOP). Why? Because it protects your small beauty or health business in much the same way a homeowner’s policy protects your home and personal possessions.
By combining three basic insurance coverages that are important to virtually every small business, including those offering cosmetology, esthetic, and massage services, a Business Owner’s Policy (BOP) can save you money while safeguarding the small business you’ve worked hard to build.
General Liability – helps protect cosmetology, esthetic, and massage services businesses from certain lawsuits alleging injuries or property damage that occurred as the result of your business operations, like if a customer is injured at your spa or salon or an employee causes damage to a customer’s property while on a house call for cosmetic or massage services. It even helps cover certain claims of slander and libel. Business Liability insurance coverage does not cover liabilities directly arising out of the professional services you may provide.
Commercial Property – helps protect the place where your provide cosmetology, esthetics, and massage services and the things you and your employees use to conduct business, like massage tables, other furniture, and health and beauty equipment – whether you own or lease them.
Business Income – helps cover the loss of income when you can’t run your spa or personal care business because of covered property damage.