The cost of nail technician insurance has definitely risen in recent years. Other insurance companies can make pricing confusing with complicated fees, additional costs, and a la carte coverage. Not so with Beauty Insurance Plus. Our rates include the entire menu of liability coverage for our policyholders. When you sign up for nail technician insurance, you will know exactly what you will pay and get.
While insurance prices are on the rise everywhere else, we promise to keep our rates reasonable and affordable. We understand the difficulties of beauty work and provide flexible payment options to help save cash in your pocket. Our affordable nail technician liability insurance offers comprehensive coverage at a price that keeps you happy.
You May Not Think of it, But Liability Insurance is an Investment
Many nail technicians don’t consider liability insurance a vital component of their career. However, liability insurance can be the difference between financial ruin and security in any profession. The fact is, liability lawsuits are a real possibility for manicurists and nail technicians. Whether from an accident or a mistake, a liability lawsuit against you could cost hundreds of thousands of dollars, if not more.
Nail technician liability insurance can protect you from the cost of a claim against you. Think of liability insurance like an airbag. You don't use an airbag daily, but it can be a lifesaver when you need one. By investing upfront in liability insurance coverage, you install an airbag on your financial stability.
What Does Nail Technician Insurance Cost?
Let's break down the cost of nail technician liability insurance, shall we? At BIP, we understand that everyone is in a different career stage. While some nail technicians are just beginning their journey as students, others have been in the industry for decades.
We offer multiple plans to accommodate everyone's career stage and coverage needs. Although each program provides the same excellent coverage, the specific plan costs reflect term lengths and career stages.
1-Year of Coverage for Full-Time Nail Technicians
The first option is one year of coverage for professional nail technicians. This plan provides 12 months of comprehensive protection with instant access to the entire suite of exclusive member benefits. Members who choose this plan will pay as little as $169 for the entire year. This plan includes the option to pay in monthly installments or a single, one-time payment.
The one-year plan is ideal for manicurists looking to test out liability insurance with a shorter coverage term. This plan may also work well for beauty professionals in between jobs or insurance policies.
2-Year Policy For Full-Time Manicurists
The 2-year option is designed for career beauty professionals. This plan costs as little as $299 for 24 months of comprehensive liability insurance. Like the one-year option, this plan provides the opportunity to pay in low monthly installments over the course of 12 months, saving your monthly budget.
This option is perfect for manicurists who are well-established in their careers and like to plan for the future. Of course, your coverage is portable, so it travels with you no matter where the road takes you during your policy term. With two full years of excellent coverage, you can know that you're covered for the long-haul.
Student Rate for 1-Year Policy Term
Everyone at BIP loves investing in the nation's soon-to-be nail technicians and beauty professionals. As students hone their skills and develop the knowledge they need to succeed, they have much to learn about proper nail health and care. Well, perfecting their trade, students could make an error that leads to harming a client. If that happens, the student could be liable for the medical costs, compensation, and other related fees.
Fortunately, we’ve developed a program just for budding beauty pros. We provide one year of student protection for a low rate of just $49 per year. Students received the same protection as the professionals but at a discounted price. Although there is no monthly payment option for the student rate, a one-time payment of $25 is all it takes to get the protection you need.
What Does Manicurist Insurance Cover?
Now that you know what nail technician liability insurance costs, let's discuss what your coverage package includes. We've carefully compiled a full coverage lineup to surround our policyholders with a hedge of protection. Your coverage provides everything you need to feel safe and well-protected when facing a liability lawsuit or claim. Our policies have been specifically curated for manicurists and nail technicians to offer unique and personalized coverage.
Although we offer multiple options for plan terms, each has the same coverage limits and range of protection. Every policy will include the following coverage:
Professional Liability
Professional liability coverage helps protect you from claims directly related to your occupation. Sometimes known as errors and omissions, professional liabilities are mistakes you can make as a manicurist that cause your client harm or distress.
Even the most careful beauty professionals can make a mistake from time to time. When your error causes harm to one of your clients, they could hold you liable for their medical expenses, compensation, and related costs. Some of the most common professional liability claims include cuts, burns, punctures, and injuries from malfunctioning tools.
Your BIP insurance policy could help cover the cost of a professional liability lawsuit up to $2 million per occurrence, with a $3 million dollar annual maximum.
General Liability
General liabilities are nonspecific to your occupation. These claims often involve accidents like slips, trips, and falls because they are universal risks in any business. These types of incidents could happen anytime and leave you with a whopping bill to cover the liability lawsuit.
With your BIP liability insurance policy, we could help cover up to $2 million per incident with an annual maximum of $3 million.
Product Liability
As a nail technician, you use a range of products to help your clients look their best and develop healthy nails. You likely use dozens of products and instruments daily, whether it's a soaking solution or a base coat. If a client has a bad reaction to one of your products, it could lead to a costly liability lawsuit. The most common product liability claims are allergic reactions to nail polish, gels, or cleaning supplies.
Fortunately, we include product liability coverage as part of our nail technician liability insurance policy. We can help cover up to $2 million for a product liability claim.
Identity Theft Coverage
Although it's a relatively new concept in beauty insurance, we consider identity theft coverage a vital part of a well-rounded liability insurance policy. These days, business is done online more than ever before. Whether you’re advertising your business through your website, promoting your services on social media, or managing your financial resources through online banking, online predators have potential access to critical information.
If your identity is compromised, we offer an identity protection plan to help safeguard you and your information. If you suffer financial loss due to a stolen identity, we can help recuperate lost funds.
Exclusive Member Benefits
Oh boy, there are some exciting member benefits for our policyholders. We curated a special blend of hand-picked member benefits to maximize the value our members receive. These member perks include everything from business services to access to affordable healthcare plans.
Your policy includes deep discounts on the services and products you use daily to make your life much easier. Whether it's using UPS to ship packages or purchasing a new Lenovo laptop for your business, you have the best exclusive discounts as a BIP policyholder.
