Frequently Asked Questions
How does program insurance work?
Purchasing through the BBI Program, you save money on insurance premiums because you are part of a group acquiring insurance directly from a carrier. Programs allow businesses and individuals of similar industries to buy the insurance in bulk from an insurer, resulting in lower individual premiums. You don't share coverage limits, just savings. We don't believe in waiting, so your insurance policy becomes effective immediately after your payment online is verified. The verification process takes only seconds. You can print your insurance certificate immediately after purchasing, and if you need to add additional insureds, you can do that right away too.
When is my insurance effective?
We don't believe in waiting, so your insurance policy becomes effective immediately after your payment online is verified. The verification process takes only seconds, and voila! you have coverage! You can print your insurance certificate immediately after purchasing, and if you need to add additional insureds, you can do that right away too, for no extra cost.
Can I “Future Date” the start of my policy?
Yes, your effective policy date can be up to 30 days past your purchase date.
What is an additional insured?
An additional insured is a person or organization (not an employee or friend) that is added to your insurance policy by endorsement. This is a common request.
When you add someone to your policy as an additional insured, you are extending your policy coverages to protect the additional insured.
In other words, if someone slipped in your booth and broke their arm, the injured person could sue you and the venue. Since the venue is added as an additional insured, your insurance policy would protect both you and the venue in the suit.
Can I add an additional insured after I purchase my policy?
Yes. Just log into your account on the website, and you will be able to print off your certificates within minutes.
Is there a cost to add an additional insured?
Yes, there is a small cost to add additional insured, with three options to choose from. For $10, you can add one additional insured, or for $20, you can add two additional insured. For $25, you can add an unlimited amount of additional insured as needed. All options allow you to send the additional insured certificates. To purchase additional insureds, log back into your account and under the policy screen click on add additional insured button.
What is a deductible?
A deductible is the amount of the loss that is your responsibility. For example, if you have a theft claim of $750 dollars, you will be responsible for $250 dollars of that claim. The insurance company will pay you $500 dollars. Remember that with the ACT policy there is no liability deductible!
Beauty & Bodywork Insurance Questions
How long is my policy coverage?
BBI policies are annual, so your policy will provide you coverage for 12 months from the effective date you select. You will also see the effective and expiration dates listed on your policy proof of insurance document, which is accessible from your online account.
Can I cancel my policy?
Because our policies are 100% earned, we regret that we cannot offer refunds once coverage begins.
Is my practice/technique/method covered?
Policyholders must be in compliance with all federal, state and/or local regulations. For example, if your state requires you to have a license before practicing, you must have that license in order for the policy to be valid.
Since we provide coverage for an extended list of methods, it is easier to check out the exclusions that the policy will not cover. A list of the exclusions can be found here.
Are there monthly payments?
No, premium is due upfront for the whole year. If you need some time to save up before you can purchase, please take advantage of our Remind Me tool so you don’t forget.
How do I get a quote?
You can complete an application by clicking on “Buy Policy.” Once the application is fully complete you can buy the policy immediately online.
Does my policy automatically renew?
No, your policy does not automatically renew.
How do I renew my policy?
To renew your policy, login to your online account. Click on “My Policies” then click the “Renew” button next to your expiring policy number. The Renew button will only be available within 30 days of policy expiration date. Click that button and follow directions provided to you.