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Beauty Insurance Plus - Professional Liability Insurance

  • Esthetician Insurance
    • Esthetician Insurance
    • Microblading Insurance
    • Spray Tan Insurance
    • Esthetician States Requirements
  • Beauty Insurance
    • Cosmetology Insurance
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    • Nail Technicians States Requirements
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Not All Policies are Equal: Occurrence Form vs Claims Made

It is not always clear which option to choose when selecting insurance, and some companies hide their policy details. We're here to clear the confusion when it comes to the different types of policies.

Occurrence Form is the industry-preferred policy type over Claims Made because you are covered for any incident that happened while your policy was in effect.

Beauty Insurance Plus offers the Occurrence form Policy so that our customers do not have to rely on their client that is suing them to file a claim in a timely manner.

Occurrence Form

Any claim filed after the policy expires will still be covered, as long as the incident took place while the policy was active.

Claims Made

Any claim filed after the policy expires will not be covered.

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Occurrence Form Coverage
Occurrence Form Policy

Additional Information

Occurrence Form Policy

Occurrence Form policies only need to be active when the incident in question occurs to trigger coverage, regardless of when it’s reported. In other words, any claim filed after an occurrence policy expires will still be covered, as long as the incident took place during the policy term.

Example: Your occurrence policy expired on Nov. 30, and you did not renew it. One of your clients experienced bruising after his acupressure session on Oct. 30, at which point you were insured. The client does not file a claim, however, until Dec. 30. You report the claim to your insurance provider and find out that you’re covered—even though your policy expired a month ago!

Get Occurrence Form Coverage with Beauty Insurance Plus!

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Claims-Made Policy

Claims-Made policies must be active when the claim is reported in order to trigger coverage. In other words, any claim filed after a claims-made policy expires will not be covered, even if the incident in question took place while the policy was active.

Example: Your claims-made policy expired on Nov. 30. One of your clients experienced pain after her deep-tissue session on Oct. 30, at which point you were insured. However, the claim isn’t filed until Dec. 30, a month after your policy expired. You report the claim to your insurance provider only to find out that you’re not covered because the claim was made after your policy term.

Claims-Made Policy + Tail Coverage

Tail coverage, also known as extended reporting period (ERP) coverage, responds to incidents which occur during the policy term but are not reported until after the policy expires. Claims-made policyholders may purchase tail coverage in order to extend their reporting period once it ends. On average, tail coverage costs two times more than the original term cost at the time of expiration.

Example: Your claims-made policy expired on Nov. 30, and you purchased tail coverage. One of your clients filed a claim on Dec. 30, regarding a massage session you performed on Oct. 30. You report the claim to your insurance provider and find out that you’re covered—even though the claim was reported after your policy expired!

Beauty Insurance Plus

3948 3rd Street South #279
Jacksonville Beach, FL 32250
info@beautyinsuranceplus.com
(800) 941-3583

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The Liability master policy is issued to the Healthcare Professionals Purchasing Group, LLC, members of which are also members of Protection Plan Association, Inc. The Identity Protection Plan is powered by Identity Fraud, Inc., Walnut Creek, CA, whose members include members of Protection Plan Association, Inc. Arthur J. Gallagher Risk Management Services, LLC is the insurance partner for Protection Plan Association, Inc. members. Arthur J. Gallagher Risk Management Services, LLC, a 50-state licensed broker, is the broker for all coverage under Healthcare Professionals Purchasing Group, LLC. Arthur J. Gallagher Risk Management Services, LLC also serves as excess and surplus lines broker for Healthcare Professionals Purchasing Group, LLC. Professional Liability and Commercial General Liability coverage under Healthcare Professionals Purchasing Group, LLC is underwritten in the surplus lines market by Arch Specialty Insurance Company, which is rated A+(Superior) by A.M. Best Company. Persons insured by surplus lines companies are not eligible for recourse through any state guarantee fund for the obligations of an insolvent insurer. Healthcare Professionals Purchasing Group, LLC is included as a member benefit of Protection Plan Association, Inc., an association for health, wellness and beauty professionals and students created for the purpose of providing valuable and important benefits and services to its members. Healthcare Professionals Purchasing Group, LLC is not an insurer. All Rights Reserved. Copyright © 2023
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