Beauty Business Insurance Cost

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Coverage

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General Liability
Equipment Coverage
$1,000,000 Limit
Crew
Pause Policy
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You’re an expert brow-shaper, a prodigious hair-coiffeur, even a legend with the liquid eyeliner. Now it’s time to run your beauty business like a boss with Beauty Business Insurance, which financially protects you if an accident leads to a client’s injury, damage to your property, or even a lawsuit.

If you’re wondering how much Beauty Business Insurance costs, we’re here to help. Let’s face it — in the personal care business, you’re faced with a significant amount of risk. Take steps now to safeguard your growing business before an unfortunate accident threatens to topple what you’ve built.

We’ll break down what you can expect to spend so you can find the right policy and make sure your business is sitting pretty — no matter what happens.

How much does Beauty Business Insurance cost?

If you’ve ever shopped for standard Beauty Business Insurance, you know those policies can seem about as clear as a mud mask. Fortunately, there’s a better way. When you get your Beauty Business Insurance Policy through Thimble, you can get coverage by the job, month, or year.

Here are the average costs of general liability insurance for beauty businesses:

Hourly$5.84
Daily$16.94
Weekly$29.52
Monthly$25.41

 

For an additional cost, you might consider a Business Owners Policy (BOP), which is a convenient way for salon owners to combine both commercial property insurance and general liability insurance in a single policy. We’ll explain what those coverages entail below.

What factors influence Beauty Business Insurance cost?

Like a makeup palette, we will customize your Beauty Business Insurance cost according to the details of your specific business. Here are a few things we look at when determining your cost:

Business location

Do you rent a salon chair? Is your business based in a rural location or is it located in a busy strip mall? Where you work will affect how much you pay for insurance. Busy locations with higher amounts of foot traffic usually mean more risk, which translates into higher costs.

Policy length

The longer your policy length, the more you’ll pay for coverage in total. For example, if you only work one day a week, it makes sense to pay $16.94 (Thimble’s average cost for daily coverage). On the other hand, if you work two or more days a week, paying our average weekly cost of $29.52 makes a lot more sense.

Crew size

It costs more to insure a large team than a small one because more scissor-wielding hands mean a higher risk of accidents. Furthermore, if you need to purchase workers’ compensation for your employees, you will pay more.

Amount of coverage needed

The amount of coverage you need will impact your monthly premium. Higher coverage limits translate into higher Beauty Business Insurance costs — and more protection in case something goes wrong.

Additional coverages

If you own studio or salon space and/or have equipment you want to protect you may want to opt for commercial property insurance. It’s available through Thimble when you purchase a BOP. It protects both the structure you own and any of the business equipment you keep inside or within 100 feet of it. Business Equipment Protection is another option available through Thimble to cover your beauty tools of the trade when you’re on the go.

What does Beauty Business Insurance cover?

Just like a great color job covers every gray, Thimble’s Beauty Business Insurance covers gives you coverage for the everyday risks that personal care businesses face. Here’s a breakdown of the types of coverages we offer:

  • General liability insurance covers you for third-party risks, meaning risks involving people not employed by your business, like your customers or vendors. So if you get sued for bodily injury, property damage, or reputational harm, general liability insurance may provide coverage for the financial consequences. For example, if a customer slips on a small puddle near the shampoo station and gets injured, or maybe the coloring chemicals ruin their expensive blouse, you may be held responsible. If you get sued, general liability will also provide your legal defense.
  • Professional liability insurance, also called “errors and omissions,” covers you against claims of negligence and the cost of defending yourself. Any time you give professional advice — and we’re guessing that’s probably quite a lot — you open yourself up to risk not covered by your general liability insurance. Say, for example, a client comes in for a new style before an upcoming audition, and she ends up not getting the part. Yes, it’s feasible that lack of talent could have been the cause, but nothing is stopping her from suing you, claiming the new hairdo you recommended was the reason she lost out on the role and the big payday that came with it.
  • Business equipment protection covers your owned, rented, or borrowed equipment when you’re using it at another location, such as a client’s home or office. If you’re a makeup artist, for example, you may take a lot of supplies to the location of a shoot. If those supplies are lost, stolen, or damaged, you’ll be pleased to know business equipment protection can cover the cost to replace them.
  • Commercial property insurance safeguards your salon building and business contents within 100 feet of it (like signage) from damage or loss due to an event such as a fire, storm, or burglary. And if you have to temporarily close your business due to a covered event, business interruption insurance, another part of commercial property coverage, will help pay for expenses and lost income. It is available from Thimble through our Business Owners Policy (BOP), which combines commercial property insurance with general liability insurance (think mani and pedi here).

Beauty Business Insurance has never looked so good

You’ve worked hard to build a successful beauty business, and we’re here to help you protect it. Whether you’re a barber, hairstylist, nail artist, or makeup artist, our Beauty Business Insurance will cover you for the most common risks businesses like yours face on a daily basis.

Since you’re a fast-moving business, we like to keep it simple for you. Unlike the other guys, with Thimble, you’re not waiting around for us to call you back. (Who has time for that?) Simply click “get a quote,” answer a few questions, and get coverage in minutes. No muss, no fuss.

Beauty Business Insurance FAQs

Does Beauty Business Insurance cover my employees?

For third-party liabilities, your employees will have the same coverage as you. However, Beauty Business Insurance does not cover employees for work-related injuries. For that, you’ll need workers’ comp insurance.

What if I need coverage for my salon?

We’ve got you covered. Salon owners like the affordability and convenience of a Business Owners Policy (BOP) because it includes both general liability insurance and commercial property insurance.

Does Beauty Business Insurance cover barbers?

Yes indeed. Beauty Business Insurance covers barbers, hairstylists, nail artists and techs, and makeup artists.

Does Beauty Business Insurance cover estheticians?

No, estheticians are not currently eligible for coverage in our program.

What other types of insurance should beauty businesses have?

One highly important type of insurance is for your auto. If your business owns a vehicle, you need commercial auto insurance.