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ASCP offers an esthetician insurance policy with high coverage limits, occurrence form liability coverage, and add-ons to customize your policy, such as business personal property insurance. Plus, the company lets you add additional insureds to your policy at no extra cost. However, ASCP isn’t the cheapest esthetician insurance provider, and its policies may be insufficient to cover business owners with many employees.
- Pros & Cons
- Company Overview
Occurrence form liability coverage
High coverage limits
Business personal property coverage available
Advanced esthetics insurance available
No charge for additional insureds
Pricier than some other providers
Monthly payments not available
Associated Skin Care Professionals (ASCP) is the largest association for skincare professionals in the country, with more than 20,000 members. It was founded in 2007 and is headquartered in Golden, Colorado. Membership is open to professionals, educators, and students in all states and offers education, career support, and industry-specific liability insurance. Its policies are underwritten by Allied Professionals Insurance Company.
- Year Founded 2007
- Kinds of Policies Professional liability, general liability, product liability, and business personal property coverage
- Payment Options Check/money order or credit card
- Customer Service Email: email@example.com; Phone: 1-800-789-0411
- Official Website https://www.ascpskincare.com/
- Occurrence form coverage: You’ll be covered for any incident, including professional liability, that occurs while your policy is in effect, even if a client brings a lawsuit after you’ve stopped practicing. Most other insurers we reviewed don’t offer this for professional liability coverage, which is one of many reasons ASCP is our runner-up for best esthetic insurance companies overall.
- High coverage limits: The aggregate limit for general and professional liability insurance is $6 million annually, which is higher than most other companies offer.
- Business personal property coverage available: You can add coverage for your equipment for as low as $95 per year.
- Advanced esthetics insurance available: If you provide services such as microblading, permanent makeup, or laser hair removal, you might appreciate more robust coverage. This coverage is only available to existing ASCP members and can be added to your base policy.
- No charge for additional insureds: Some companies charge $10 or more to add additional insureds, such as a landlord, to your coverage. ASCP does not.
- Pricier than some other providers: Though ASCP has higher coverage limits than other providers, the policy is also more expensive than what some other insurers offer.
- Monthly payments not available: You’ll need to pay the premium either upfront or in two, three, or four consecutive monthly installments.
Allied Professionals Insurance Company, the underwriter for ASCP policies, has only received one complaint over the last three years, according to the National Association of Insurance Commissioners (NAIC). Each year, the NAIC calculates a complaint index for every insurer based on the number of complaints it receives. An index of 1.00 indicates an expected number of complaints relative to the company’s size. An index of less than 1.00 is ideal, while an index much greater than 1.00 indicates issues with customer satisfaction.
Over the last three years, the average complaint index for Allied Professionals is 0.38. This bodes well for policyholder satisfaction.
Allied Professionals, the underwriter for ASCP policies, has an A- (Excellent) financial strength rating from AM Best, an independent ratings agency focused on evaluating the creditworthiness of insurance companies. Though indicative of an excellent ability to pay claims, this is the fourth-highest rating, and some other providers have an A+ (Superior) or higher grade.
AM Best ratings are important because they predict the likelihood that a company will be able to meet its financial obligations, like pay claims to policyholders. Notably, AM Best has revised the outlook for Allied Professionals from stable to positive, which means the company’s finances are moving in the right direction to be able to achieve a better score.
|ASCP||NACAMS||Beauty & Bodywork Insurance|
|Types of coverage||Professional liability, general liability, and business personal property insurance||Professional liability, general liability, rental damage coverage, identity protection, and stolen equipment coverage||Professional liability, general liability|
|AM Best rating||A- (Excellent)||A+ (Superior)||A+ (Superior)|
|NAIC complaint index (averaged over three years)||0.38||0.17||0.18|
ASCP Esthetician Insurance Policy
ASCP offers a single policy that covers up to $2 million per occurrence and up to $6 million per year in professional liability, general liability, and product liability coverage. There’s no charge to add additional insured endorsements and the coverage is mobile wherever you work. Coverage is also occurrence form, including professional liability, which means you’ll be covered no matter when you report the claim as long as the incident happened while your policy was in effect.
Many other esthetician insurance policies cover professional liability on a claims-made basis, which means claims must be made for incidents that occur while the policy is active and before it ends. Occurrence form coverage like that offered by ASCP is preferable because clients may sue long after you worked with them.
ASCP offers add-ons to its esthetician insurance policy. These cost extra and require that you purchase ASCP membership, which includes the esthetician insurance policy.
ASCP Advanced Modality Insurance Policy
This policy is designed for estheticians who have advanced their education and perform microblading, permanent makeup, laser/light energy procedures, and other advanced esthetics. Cost starts at $512 per year, depending on the type of coverage and how many modalities are selected. You can apply online once you’ve purchased an ASCP membership.
Business Personal Property Insurance
You can add on $10,000 in business personal property coverage (BPP) for $95 annually. Or you can add $25,000 in coverage for $250 per year. This helps cover theft or damage to the equipment and products you own and use in your business.
If you travel in-between clients, you’ll also need commercial auto insurance. Since ASCP doesn’t offer this coverage, you’ll need to purchase a separate policy.
You can email ASCP at firstname.lastname@example.org or call 800-789-0411 for assistance. Customer service is available Monday through Friday from 7:30 a.m. to 5:00 p.m MT. You can also view policy documents via an online portal.
ASCP membership, which includes the standard esthetician insurance policy, costs $259 per year. Students can become members for just $15 and receive a $59 discount on their first year of professional membership. Adding business personal property coverage costs either $95 or $250, depending on the coverage limits you choose. ASCP’s advanced modality insurance policies vary in price based on the modalities chosen.
Is ASCP Insurance Right for Me?
If you’re looking for high coverage limits and the option to add business personal property insurance, ASCP offers occurrence form coverage that is suitable for most estheticians. The advanced modality add-on is also ideal for estheticians who perform higher-risk procedures.
However, if you don’t own your own equipment and are looking for a more affordable policy, other insurers offer cheaper coverage. And if you need more robust coverage, such as a policy that includes worker’s compensation and commercial auto, you’ll need to find another provider.
Our Methodology: How We Review Esthetician Insurance Carriers
To determine the best insurance companies for estheticians, we collected 20 data points on the top esthetician insurance companies by premium. These data points include:
- Financial strength
- Policy types and features
- Consumer complaints
- Online tools
- Billing options
- Coverage limits
We gave preference to companies with top ratings from AM Best, a low rate of customer complaints, and those that offer coverage based on the date of the occurrence as opposed to when the claim was made. Companies with high aggregate coverage limits, monthly billing, low premiums, online purchase options, and those that offer property coverage got ratings boosts. To rank the companies we researched, we applied the following weights to each customer-focused category:
- Types of coverage and features: 40%
- Financial stability: 20%
- Consumer complaints: 25%
- Online purchase: 10%
- Billing options: 5%
We delved further into product and company specifics to determine which companies were best for which types of consumers. Using this research, we determined which companies offer the best esthetician insurance.