Introduction to Permanent Cosmetics Insurance
Right from micro-pigmentation to microblading, cosmetic procedures come with several risks. In addition to this, the nature of permanent tattoos requires cosmetic insurance to protect the professional’s interest.
Permanent cosmetic insurance protects small businesses against lawsuits from clients and customers who are unsatisfied with the results and avoid everyday business risks like employee injury.
This post helps you understand the importance of Permanent Cosmetics Insurance if you belong to the same industry and you want to take your business to the next level.
Permanent cosmetics and microblading are high in demand in the beauty industry. They allow people to look and feel their best by enhancing their self-confidence and instill a sense of pride that may arise from their self-perception tied to their looks.
If you are in the industry where you provide these services, undoubtedly you are providing your customers and clients with definite benefits.
However, there are several risks associated with operating the permanent makeup business. Despite your best efforts, the problem may arise if any of your customers are unhappy with the results.
Lawsuits are quite common in today’s society. Hence, it is highly important to protect yourself and your business with the right insurance.
Types of Permanent Cosmetic Insurance Policies
Like any business, there are several types of insurance coverages that you should carry if you are in the permanent cosmetics and microblading industry. There are different types of insurance policies that you should consider and invest in:
General liability insurance:
In case, if a third-party becomes injured on your property, and you are responsible, you will have to pay for the cost of medical care.
One of the most common types of injuries is slip-and-fall accidents. If you have general liability insurance, medical bills will be covered so that you do not have to pay for it out of your pocket.
Even if the injured person files a lawsuit, this insurance policy will cover any legal fees and compensation that may be awarded.
It is also known as errors and omissions (E&O). Professional liability includes malpractice, if cosmetic professional injuries a client, or does work that this is inferior. It is important to consider that it is on a person’s face; lawsuits for poor work are quite common.
If the building where your office is located becomes damaged in a fire or storm, or if the property or any expensive machinery or equipment in your building is stolen or damaged, this type of insurance will pay for the cost of repairing or replacing the property.
For example, if a tree falls on the roof of your business and damages the property, this insurance will pay for the repairs.
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Like every business, workers’ compensation insurance is highly important. If your business has employees, then you must have workers’ compensation.
In most states, it is legally required to carry this type of insurance policy, even if your business is in an area that does not need workers’ compensation.
In case, if your employees suffer an on-the-job injury or illness, this type of insurance will pay for any important medical care, lost wages, and rehabilitation.
Types of services covered by permanent cosmetic and microblading insurance
Beauty Marks, Aesthetics, Eyeliner, Beautician/Cosmetology Services, Bald Spot Repigmentation, Eyebrows (including microblading), Combo policies for locations with salons, spas & boutiques, Lips &lipliner, Pigment Removal/Lightening, Needling & Collagen Induction Therapy, and Scar camouflage.
Today, many insurance agents can assist you in finding the right type of insurance policy to help you safeguard your business. Simply find the right insurance agent and buy insurance coverage.