When you think cosmetology, what is the first thing that pops into your mind? Is it hairdressing? Nail techs? Make-up artists? The truth is, all of these professions fall into the same category. Even barbers, beauticians, and estheticians all practice under a cosmetology license. In Minnesota, you need 1550 hours, passing scores on the state board and licensing exams, and licensing renewal every three years.
Each professional cosmetologist should carry personal insurance for their work. Regardless if you work for a salon, a spa, a specialized medical spa, or for yourself, it is essential to have the proper insurance coverage to protect yourself, as well as your financial assets. Carrying cosmetology insurance can also protect the reputation of your business and your good name.
Why Do I Need Insurance?
What do you do when you go to work? Do you provide amazing customer service skills to each of your clients? Do they keep coming back because you help them look their best? No matter what the request, whether a funky crazy hair color or a completely relaxing facial, you strive to reach certain results by repeating the same process. When you are ready to take your cosmetology skills to a professional level, you are going to need to make sure you are protected along the way.
Think about it: You get up-close and personal with several people a day, all week (and some weekends) long. That leaves a pretty wide time frame where something could go wrong. Wouldn’t you feel better if you were covered instead of losing your license and never being able to practice cosmetology professionally ever again?
What Types of Insurance Are Available?
Most reputable insurers will offer product liability coverage with their cosmetology policies, and there are other two main kinds of insurance all cosmetologists need and that are available with most policies:
This insurance covers “physical accidents” which may occur. If one of your clients were to slip and fall, if someone was late for his or her appointment, for example, and tripped on the way into your building, this type of insurance would cover it. While it’s hard to say whether or not something like this would ever happen, if it did, you’d be covered if you had an individual policy with general coverage.
As cosmetologists, you use a wide variety of chemicals with your trade. Not only that, but you also use these chemicals along with certain equipment (irons, blowdryers, etc). Whether it is faulty piece of equipment or a chemical that causes an allergic reaction, you need to look for insurance that includes product liability, as well, in the event that one of your products does indeed cause harm.
How Much Insurance Do I Need?
If you work at a spa or a local salon, it is likely that your salon or spa owner carries some form of liability insurance. There is a good chance you will have to carry your own insurance, as well. And even if it’s not required, it is ALWAYS a good idea to make sure YOU are covered if something were to go wrong.
Policies are usually somewhere between $2 and $3 million. The amount of coverage you need depends on your environment, as well as how much coverage you can personally afford to take out. If you end up in a settlement or a lawsuit, you may end up shocked at just how LITTLE a million dollars of coverage will actually do for you. Make sure you speak with a qualified insurance agent to learn about how much coverage you need to protect your financial well-being.
As a professional, be sure to check out your insurance options today to ensure the best potential outcomes for you and your clients.