Below are optional coverages you can consider to enhance your protection, along with some specific coverage recommendations depending on the specific services you provide. If you’d like to add any optional coverage, just let our office know.
- Increased Liability: You have the following options for a higher limit:
- $3,000,000 starts at $91/year
- $4,000,000 starts at $182/year
- $5,000,000 starts at $273/year
If you are providing any of the following services, the minimum liability limit we recommend you consider is noted below:
Laser/IPL Esthetics: $5,000,000 minimum recommended limit as we’ve seen a higher risk of significant burn injuries related to laser/IPL esthetics.
Microneedling & Micropigmentation/Microblading: $5,000,000 minimum recommended limit as there is a high risk of significant injury lawsuits for services where needles puncture the skin.
LED Skin Care: $3,000,000 minimum recommended limit as there is a higher risk of allegations of burns caused by LED treatments.
- Consider adding Equipment Breakdown coverage to protect your equipment against damage from electrical disturbances (like power surges) and more importantly, it covers the lost profit & pays ongoing expenses, like your salary, if you’re closed due to the equipment breakdown. For more information on this coverage, click here. Premiums start at $101/year.
- Cyber Incident & Online Content Coverage. A separate policy is available to cover ransomware, negotiating with cyber extortionists, loss of business caused by your computer system or website being hacked, data restoration, fraudulent electronic transfers of funds from your bank account, and liability for online content such as videos, blogs, streaming, or social media posts that result in allegations of libel, slander, defamation, copyright infringement, plagiarism, or misappropriation of ideas. For more information on this coverage, click here. Premiums start around $550/year.
- The Water Damage Deductible can be reduced from $2,500 to $1,000 for $187/year.
- A reduced premium is available if you don’t want coverage for contents & business interruption.
Keep in mind that a PROtique policy is specialized. Our service team focuses on insuring beauty professionals so we’re able to provide quick service & ensure your policy gives you the best protection on the market at a cost-effective price.
