JAN 2019

DAYSPA is the business resource for spa & wellness professionals! Each issue covers the latest in skin care, spa treatments, wellness services and management strategies.

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PROTECT YOUR LICENSE: What You Don't Know About Liability Insurance and Protecting Your Career Yes, your salon is most probably required to carry business insurance—but does this guarantee protection for you specifi cally? Nope…not always. Yes, this kind of insurance will cover you for most mishaps or unfortunate events that occur in the salon you're employed at. However, this type of coverage is usually limited and does not cover you if you are practicing out of the salon. Do you work weddings? Are you a mobile stylist? Do you occasionally perform services at your home or client's homes? In the event of a claim in any of these scenarios, your salon policy would likely not have you covered. Having your own policy to cover you wherever you perform services is vital to make sure your license is protected. Salon polices also often lack additional coverages such as stolen equipment coverage or identity theft protection plans. This is why we're dishing out literally everything you need to know about professional liability insurance. Keep reading for detailed answers to your biggest questions about coverage, fi nding your best options and how you can proactively protect the career you love with assistance from Elite Beauty Society. IS YOUR PRO BEAUTY LICENSE AT RISK? Question 1: What Even Is Liability Insurance? It's pretty simple actually: Professional liability insurance is a type of coverage for your craft that protects YOU, individually, as the professional. This means you are protected from any incidents regardless of where you're working. Even though you are part of a bigger salon team, being a cosmetology professional means you are an entrepreneur yourself and only YOU are responsible for your license. Professional liability insurance is more than just mobile protection, it also is completely comprehensive coverage for a range of incidents. Here's what a typical liability insurance policy covers: • In-salon, at-home and outside incidents or mishaps. • Slip and fall accidents. • Bodily injury (yes, we know this is worst case scenario!) • Unexpected medical issues. Here's an example: Your client slips a disk in their neck due to pressure at the wash bowl during the shampoo, or even has a minor scalp reaction to a product used during a service. • Rental damage protection (looking at you suite renters!) Never experienced an incident before? That's great! But you can never be too prepared for the unexpected. You're a trained professional, but accidents happen and one minor issue can lead to a client fi ling a claim, lawsuits, bad reputations, lost money, and even a lost license. You don't even have to make a mistake as a professional to end up in the unfortunate situation of being sued, a client simply slipping on some cut hair on your fl oor and breaking their arm could lead to a claim. Question 2: What Should You Look for in Your Liability Insurance Policy? As we previously mentioned, many insurance policy providers include additional benefi ts to your policy such as a free professional website, identity theft protection and stolen equipment coverage! Before you start researching, consider these things as you look for the policy that best fi ts your needs: Occurrence Form Coverage: This means that you will be covered for any claims that may be made after your policy expires- as long as they occurred while your policy was active. Clients legally have the right wait up to two years after the incident to fi le a claim. Individual Coverage: This means that you are covered for the full amount on your policy, no matter how many other insureds fi le claims with the provider. You don't want to share your amount with every other professional, once the "money bank" runs out, there are no more funds to cover you with a shared coverage policy. Mobile Coverage: Some policies only cover you while you're working at the location listed on the policy, so look for the ones that will cover you no matter where you are providing services. This can include weddings, trade shows, and even in your home. Stay protected wherever your career takes you. Question 3: Can I Afford This Kind of Insurance Policy? Good news! Professional liability insurance poli- cies are signifi cantly less expensive than the cost of other insurance policies. Elite Beauty Society has also partnered with Dayspa to offer all readers a $10 discount on their comprehensive policy! LET US GUIDE YOU. Call: 800.983.0531 to get insured or visit

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