Esthetician Insurance

Professional liability insurance for estheticians

Professional liability — also known as e&o or malpractice insurance — is a necessary insurance policy. It protects you against any claims that you made a mistake while performing your esthetician services. Even if you did not technically make any mistakes, clients can still sue you and if they do, you will be responsible for legal fees and medical bills.

Professional liability insurance covers:

• Claims against negligence
• Professional errors
• Failure to deliver promised services
• Claims against personal injury

Let’s say you provide a skin care service that results in your client experiencing a permanent scar. A professional liability insurance policy will cover the costs related to the injury.

Or, you apply wax to a woman’s upper lip that is too hot, which burns her. The client can sue for mental distress and bodily injury. Queue professional liability insurance.

Here’s another example: you’re applying a facial treatment on one of your clients, and there is a bad reaction, which causes slight scarring. If the client sues you, professional liability insurance can protect you from that claim.

Professional liability insurance for estheticians averages around $37/month, or $444/year.

Esthetician liability insurance

General liability insurance is another necessary insurance policy that provides you with accident lawsuit coverage. Without a general liability insurance policy, you are the one who is responsible to cover medical bills, repair costs, legal fees, etc.

General liability insurance covers claims for:

• Third-party bodily injury
• Personal injury
• Property damage

Let’s say something gets spilled on your client’s handbag and gets damaged. General liability insurance pays to repair or replace your client’s handbag.

Esthetician general liability insurance averages around $33/month, which amounts to $396/year.

Workers’ comp for estheticians

Most states require workers’ compensation insurance if you have one or more employees working for you. If you do not have any employees, you can look into your options for purchasing workers’ compensation insurance to protect yourself.

Workers’ comp insurance covers:

• Workplace injuries and illnesses
• Lost wages

If your employee experiences a chemical burn, you would responsible for covering their medical bills and lost earnings without this policy. But with workers’ comp, it’s taken care of.

As an esthetician with no employees, you could pay as little as $63/month for workers’ comp insurance.

Esthetician property insurance

Commercial property insurance covers you when you experience damage to your property. This includes everything from small inexpensive supplies to large expensive tools and machines.

Property insurance covers: 

• Damage to your property due to a natural disaster or theft
• Replacement or repair costs

Let’s say a fire happens that in turn causes sprinklers to go off. A property insurance policy will pay for both the fire damage and the water damage done to your property.

Property insurance for estheticians averages $30/month, which is only $360/year.

Esthetician BOP

A business owner’s policy saves you money by offering you two insurance types – general liability and commercial property – under one convenient insurance policy. A BOP offers more coverage, and at a lesser price than purchasing each policy on its own.

BOP insurance covers: 

• Claims against you related to third-party bodily injury
• Claims against you related to property damage
• Claims against you related to advertising injuries, like libel or slander
• Damaged equipment or inventory

How much will a BOP insurance policy cost? It depends on things like how many insurance coverages you choose, where you are located, how risky your business is, and whether or not you have filed any insurance claims in the past.

Estheticians typically pay around $78/month for a business owner’s policy, which is $936 annually.

Cyber liability for estheticians

Cyber insurance is more important than ever for today’s small business owners. According to the US Small Business Administration, small businesses are especially attractive targets because they have information that cyber criminals want, and they typically lack the security infrastructure of larger businesses to adequately protect their digital systems for storing, accessing, and disseminating data and information.

Cyber insurance covers:

• Customer notification
• Identity theft
• Credit monitoring
• Reputation management
• And more

Here’s an example: You are having difficulty accessing your business information on your computer because of password problems or see that some of your files have been deleted. A cyber insurance policy will help you get back on track, as well as help pay for your financial losses.

A cyber insurance policy can cost as little as $41 a month.

Additional coverages

Umbrella insurance extends your liability limits, giving you better protection against potential claims.