The Beauty Insurance Guide
Explore our insurance guide and find answers to all of your questions regarding beauty liability insurance—whether you are looking for more information on our coverage or trying to nail down insurance terms. For more information or to enroll in our program, call (800) 941-3583. We look forward to supporting you in any way we can.
Frequently Asked Questions
What is your privacy policy?
Can I cancel my policy and get a refund?
If I lose my confirmation of coverage, what do I do?
I have stopped practicing. Am I still covered?
What action do I take if I have a claim?
Are certain practices or cases not covered by my Beauty Insurance Plus policy?
Is it possible to have my policy under my business's name?
Will a Beauty Insurance Plus policy include coverage for spouse or employees?
Where am I covered?
Glossary of Insurance Terms
Additional Insured
A person or entity added to the certificate of insurance who is protected from the named insured’s negligence; this is typically an employer or landlord.
Aggregate Limit
The maximum amount of coverage available to a policyholder during the policy term; this limit is dependent on a period of time rather than an individual claim.
Broker
An independent insurance firm or contractor who searches the marketplace in the interest of buyers, rather than insurance companies.
Claims-Made
A form of insurance that only covers policyholders for claims filed while the policy is active; if an incident occurs during the policy term but is not reported until after the policy expires, it will not be covered.
Deductible
The amount of money (loss) that a policyholder has to pay before their insurance takes effect.
General Liability Insurance
Insurance that protects the policyholder in the event that a client trips, falls and suffers an injury while on their property; this coverage applies to claims resulting from personal injury, bodily injury or damage to others’ property, and is often called “trip and fall” insurance.
Identity Theft Protection
Coverage that reimburses the insured for expenses arising from identity fraud.
Individual Aggregate Limit
The total amount of coverage available to an individual policyholder during the policy year; this limit only applies to one person and is not impacted by claims filed against others.
Occurrence Form
A policy form that covers the insured for any claims filed during or after the policy term, as long as the actual incident in question occurred while the policy was active.
Product Liability Insurance
Insurance that protects the policyholder in the event that a product used during a client session injures or affects the client in a negative way.
Professional Liability Insurance
Insurance that provides protection against lawsuits claiming negligence, misconduct or incompetence on the policyholder’s behalf; also called malpractice insurance.
Shared Aggregate Limit
The maximum amount of coverage available to all individuals insured under the same shared-limit program or master policy; this amount decreases every time a claim is paid on behalf of an individual policyholder.
Qualifying Event
An incident that triggers coverage for an insured individual.
Rental Damage Insurance
Coverage that protects the insured from accidental damages to property rented by the insured; this applies to any space that a professional rents or leases for their practice, from the dry wall in.
Stolen Equipment Insurance
Coverage designed to protect the policyholder from equipment theft or damage due to fire, water, etc.; covers the cost of replacing the stolen or damaged piece of equipment used in one’s business, but does not cover damages due to wear and tear or misuse.
Underwriter
The insurer, or financial service provider, who evaluates the risks of insuring an individual or asset, determines the policy rates and sets the limits of coverage.
