What is Liability Insurance?
And better yet—why the do you (a cosmetologist, esthetician, stylist, or beauty pro) need it in the first place?
Let’s dive right into the basics to give you a better idea of what liability insurance and how it can save your career.
Liability insurance—like other forms of insurance—is a form of risk management where the insured (that’s you!) can be protected and relieved of the financial responsibility of a potential loss as well as gain peace of mind that experts are handling any claims.
In other words, think of liability insurance as a safety net. You don’t expect anything bad to happen in your cosmetology career, and you certainly don’t plan to make mistakes—but just in case, you’ve got a seriously reliable safety net watching your back. That way, if anything does happen, the financial, legal, and professional burdens of it are going to be taken care of by pros in the insurance industry.
Let’s go a little deeper.
Liability insurance exists in many forms.
· Professional liability insurance is one of the most common types—it protects you against any claims (alleged or actual) that say you’re responsible for causing harm or damages to any of your clients.
· General liability insurance still protects you but deals with things that are more of an indirect effect—so, instead of someone bringing a claim against you for accidentally snipping their ear during a haircut, they’d bring a claim against you for slipping on your carpet in the salon.
· Product liability insurance is a type of insurance that protects you should anything bad happen as a result of something you used during your services (we’re talking shampoo, moisturizer, hot oil, etc.)
To be properly covered and adequately protected, it’s crucial that you’ve got all of those fronts on lock. The right insurance can change your cosmetology career for the better.
Learn more about why insurance is an absolute must (beyond the obvious reasons, of course).
The Top 5 Reasons You Need Insurance ASAP
Liability insurance is crucial for a lot of reasons, and we’ve got a feeling you’re going to want to be aware of all of them.
Protects You (& Your Career) From the Unlikely & Improbable
We’ve all made little, tiny mistakes in our careers, right? Look, we’re all human. No matter what you do, no matter how trained you are, and no matter how badass of a cosmetologist you are, you’re bound to make a mistake. And yes, liability insurance is a must when it comes to covering the little, inevitable stuff—but it’s also an absolute necessity for the unlikely and the improbable.
Your State Might Require It
While every state is different, it’s likely that yours requires some form of liability insurance. Not having it in some states could just be risky, but in others, it could be illegal. Do a quick double-check to see what your state requires. And while you’re at it, see what your salon or shop requires, too. Even if they have their own liability insurance, it might be on you to protect yourself—and you don’t want to figure that out the hard way.
Without Insurance, You’re Responsible
Sure, if something bad happens and someone accuses you of making a mistake, you’ve got to deal with all the professional repercussions that go hand-in-hand with that.
Without insurance, you’re likely going to be the one handling all the fees and finances—are you prepared to wave goodbye to lots of your hard-earned money? If not, we highly recommend looking into some quality liability insurance.
It Protects You on All Fronts
If you get the right kind, of course. Liability insurance isn’t just for your professional needs—AKA, when you make a mistake or allegedly make a mistake. The right type of liability insurance will actually cover other things, like product liability insurance and general liability insurance. Yep, someone can (and might) sue you if a product you used makes their hair fall out or if they trip on your spa rug and break their ankle. But with the right type of protection, you don’t have to shoulder these responsibilities (especially when it comes to finances).
Shows You’re a Serious Pro
There’s some weird stigma in the cosmetology world where people think if you have liability insurance, it’s because you’re afraid of the potential mistakes you’ll make. AKA, that translates to you not being a confident stylist, esthetician, cosmetologist, etc.
The opposite is actually true. The most professional, prepared, and caring cosmetologists are the ones investing in liability insurance. Why? Because they believe in protecting themselves, their careers, and of course, their clients. Without insurance, your entire career could vanish with a single, false accusation.
Investing in liability insurance is the step you need to take in order to gain control over all the unlikely, improbable, and frankly outlandish stuff that could happen. Elite Beauty Society is here to protect you from any accidents that may occur in your salon, salon suite, spa or wherever you practice. We are dedicated to making sure that you get insured and can grow your career with perks that Elite Beauty Society offers, such as FREE business education, lifestyle discounts, industry specific discounts, and so much more.