Who Needs Cosmetic Product Insurance?
Our cosmetic product insurance can help protect:
- Cosmetic product retail stores
- Cosmetic product distributors
What Insurance for Beauty Products Do I Need?
If you’re wondering what coverages you need in the cosmetic industry, it’s a good idea to start with a Business Owner’s Policy (BOP). This bundles together:
- General liability insurance, which helps protect your business from claims of bodily injury and property damage.
- Commercial property insurance, for help covering your business’ property whether it’s owned, leased or rented.
- Business income insurance, to help pay your lost income if you have to close from an unexpected covered loss.
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Additional Beauty Product Insurance Coverages
Depending on the risks your cosmetic company faces, you may also want:
- Excess liability coverage
- Product recall coverage
- Hired and non-owned auto liability
Covering Your Operations
We know you work hard to keep your cosmetics company running successfully. As an insurance carrier that’s worked with countless small business owners like you, we know the struggles and challenges you face every day. We’re here to provide the kind of coverages you need to protect your business best with our cosmetic liability insurance.
In 2018, the U.S. was the leading market for cosmetics, fragrances and personal care products, with a revenue of over $89billion.1
Customer Injury
“We had just had our floors redone, so they were a little slick. We did have signs posted, but an older customer slipped and fell, requiring a 911 call.”
Commercial general liability insurancecan help pay for bodily injury or property damage claims.
Computer Hack
“I keep all of my customer information using a certain software. Somehow, a hacker got in to the system and stole all the info, including email addresses and credit card numbers.”
Data Breach helps you pay for response expenses, legal costs and income protection if the sensitive personal information you collect or store is lost or stolen.
Covering Your Property
It’s expensive to be competitive and successful in today’s beauty industry. From setting up your store to managing your staff, there’s so much that goes into hitting your sales goals. Our cosmetic liability insurance was created specifically for small business owners like you, offering the protection you need to keep your company running smoothly.
Inventory shrinkage costs the U.S. retail industry over $45billion each year.2
Fire Damage
“The restaurant next door had a bad fire after hours, taking over my store with terrible smoke damage. Because of my franchise contract, I had to make major upgrades to bring everything current.”
Franchise Upgrade helps pay additional costs a franchisee may incur to upgrade damaged property to franchise standards following a covered loss.
Employee Theft
“I noticed a box of expensive perfumes I had ordered were missing. I notified the shipping company and it turned out that they were delivered, but my employee had stolen them.”
Employee Dishonesty provides coverage if an employee steals money, securities or other property owned by your business.
Covering Your Team
Keeping your employees safe is one of the most important aspects to protect your business. No matter how careful business owners try to be, accidents happen every day. From bodily injury issues to employee incidents, having the right cosmetic liability insurance can make all the difference.
Private industry employers reported 2.8million nonfatal workplace injuries and illnesses in 2019.3
Employee Injury
“After years of stocking shelves, one of my employees started having pain in her wrist. She was diagnosed with carpal tunnel and now goes to physical therapy on a weekly basis.”
Workers’ compensation insurance can help pay for benefits for an employee with a work-related bodily injury or illness.
Employee Harassment
“I hate letting employees go, but after one of my staff reported that she was being sexually harassed, I had no other choice. After firing the individual, I received notification that he was suing me for discrimination.”
Employment practices liability insurance (EPL) provides coverage if you’re sued by an employee, patron or vendor alleging discrimination, sexual harassment, wrongful termination or other types of claims relating to your employment practices.
The Best Cosmetic Liability Insurance for Your Business
To get the kind of coverages you need, you’ll want to compare insurance carriers and the options they each provide. With us, you’ll find an insurance company who puts their clients first and offers the kind of customer service you’ll appreciate.
We’ve been helping small business owners like you for over 200 years. We’d be honored to help you get the insurance coverages you need to help protect your business best.
Other beauty and wellness professions we also insure include:
- Barber Shop Insurance
- Massage Insurance
- Cosmetology Insurance
Beauty Liability Insurance That Has Your Back
We’ve worked hard to create specialty cosmetic insurance coverage to keep your small business protected.
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More Answers to Frequently Asked Business Insurance Questions
What Does Business Insurance Cover?
How to Calculate Business Income for Insurance
Why Do I Need Business Insurance?
The Hartford shall not be liable for any damages in connection with the use of any information provided on this page. Please consult with your insurance agent/broker or insurance company to determine specific coverage needs as this information is intended to be educational in nature. The information contained on this page should not be construed as specific legal, HR, financial, or insurance advice and is not a guarantee of coverage. In the event of a loss or claim, coverage determinations will be subject to the policy language, and any potential claim payment will be determined following a claim investigation. Certain coverages vary by state and may not be available to all businesses. All Hartford coverages and services described on this page may be offered by one or more of the property and casualty insurance company subsidiaries of The Hartford Financial Services Group, Inc. listed in theLegal Notice. The Hartford Financial Services Group, Inc., (NYSE: HIG) operates through its subsidiaries under the brand name, The Hartford, and is headquartered in Hartford, CT. For additional details, please read The Hartford’s Legal Notice. * Customer reviews are collected and tabulated by The Hartford and not representative of all customers.
