| NEXT (Best) | Thimble | Hiscox |
|---|
| Aggregate limit | $5,000/$10,000 | $2,500/$5,000 | $5,000/$25,000 |
| Covers hired and borrowed equipment? | $5,000/$10,000 | $2,500/$5,000 | No |
| Miscellaneous equipment also covered? | $5,000/$10,000 | No | No |
| Offered as an endorsement to general liability insurance? | Yes | Yes | Yes |
| Deductible | $500 | $500 | $0 |
You rely on many equipment and tools to provide a service. It’s impossible to tend to clients well if you don’t have heat lamps, hood dryers, shears, makeup kits, tanning beds, and other implements.
Get tools and equipment insurance. Use the table above to compare the quotes for tools and equipment insurance for beauticians.
Tools and equipment insurance reimburses losses if the tools and equipment you use to provide beauty services get damaged or lost because of:
Fire
Theft
Vandalism
Water
Impact
Operator error
The coverage of this insurance can also apply to tools and equipment you borrow or rent. Note that this depends on which insurance company you chose.
Tools and equipment insurance is available as a stand-alone policy. However, if you get insured online, you’ll avail this as an endorsement to general liability insurance.
Beautician’s Commercial Property Insurance
| CoverWallet | NEXT (Best) | Thimble | Hiscox |
|---|
| Building coverage limit (minimum) | $50,000 | $260,000 | $25,000/$500,000 | $25,000 |
| Contents coverage limit (minimum) | $50,000 | $35,000 | $25,000/$500,000 | $25,000 |
| Outdoor signs | Excluded | $2,500 | Excluded | Excluded |
| Accounts receivable | Excluded | Excluded | $5,000/10,000 | Included |
| Money and securities | Excluded | $2,500 | $1,000 | Included |
| Lock and keys | Excluded | $2,500 | Excluded | Excluded |
| Business interruption floater | Excluded | Included | Included | Included |
| Equipment breakdown floater | Excluded | Included | Excluded | Excluded |
| Inland marine insurance floater | Excluded | Excluded | $10,000 | Excluded |
| Employee dishonesty floater | Excluded | $5,000 | $2,500 | Included |
Commercial property insurance is useful if you own or rent a salon and want to insure it in case something happens.
You can also purchase this insurance if you’re a salon booth renter, and the owner demands comprehensive coverage from you. Use the table above to compare the quotes of commercial property insurance for beauticians.
Commercial property insurance reimburses your losses if the salon gets damaged or destroyed because of:
Fire
Theft
Vandalism
Civil commotion
Riot
Volcanic action
Sinkhole collapse
Aircraft
Vehicle
Falling objects
Snow
Hail
Winds
The coverage of commercial property insurance also applies to lotions, soaps, creams, and other products in your salon that gets damaged or destroyed due to fire, theft, and other perils we mentioned above.
Commercial property insurance comes with endorsements, so it can protect you against other exposures aside from business property damage or loss. Expect to find any of these included in the policy’s terms:
Business interruption endorsement
Employee dishonesty endorsement
Customer property protection endorsement
Inland marine endorsement
While comprehensive, commercial property insurance can’t protect your business against floods, mudslides, landslides, war, and nuclear explosions.
Business Owner’s Policy For Beauticians
| CoverWallet | Thimble (Best) | NEXT | Hiscox |
|---|
| General liability aggregate limit | $2,000,000 | $2,000,000 | $2,000,000 | $2,000,000 |
| Commercial property insurance aggregate limit | $50,000 | $500,000 | $260,000 | $100,000 |
| Optional policies can be added? | Yes | Yes | Yes | Yes |
| Name additional insureds for free? | Yes | Yes | Yes | Yes |
| BOP discount? | Yes | Yes | Yes | Yes |
Beauty treatment insurance plans offer a business owner’s policy, which is a great option if you’re not sure which kinds of insurance to get for your business. About 76% of beauticians purchase this.
Use the table above to compare the business owner’s policy of insurance companies you might want to try working with.
A business owner’s policy is a combination of general liability and commercial property insurance. It protects your business against lawsuits and business property damage or loss.
It’s also possible for a business owner’s policy to offer other insurance products such as business interruption, employer's liability, and cyber liability insurance.
Commercial Auto Insurance For Beauticians
Do you provide personal care and beauty services at a client’s home? In this case, consider getting commercial auto insurance.
Commercial auto insurance is a common inclusion in mobile beautician insurance programs. This grants the protection you need in case something happens while you’re using a vehicle for work.
Here’s a quick summary of how commercial auto insurance works:
Get the third parties treated who sustained bodily injuries because of a vehicular accident you caused
Reimburse the properties of third parties that got damaged or lost because of the vehicular accident you caused
Help you get the commercial vehicle repaired if it got damaged or lost because of fire, theft, collision, and other covered perils
Cover your medical treatment as well as that of the passengers in the event of accidents caused by an uninsured/underinsured driver
The commercial auto policy of mobile beauty therapist insurance programs must provide the minimum liability coverage mandated by the state where you’re conducting business.
Workers' Compensation Insurance For Beauticians
Do you employ one or more people? In this case, it’s smart to get workers compensation insurance. 80% of beauticians get this.
Burns, cuts, and shoulder pains are the most common workers compensation claims you’ll face. Workers' compensation insurance allows you to grant employment benefits for these without incurring losses.
It’s hard to say how much insurance money you can get from workers' compensation insurance, as this is mandated by the state law of the particular state where you’re doing business.
Remember that workers' compensation insurance, regardless of where you decide to get it, functions to cover these exposures:
Failure to get workers' compensation insurance when you have one or more part-time and full-time employees is a violation. Authorities can impose penalties or even indict you.
To save money on premiums, we suggest you go for pay-as-you-go workers' compensation insurance.
