Hartford Esthetician Insurance Review 2022 | Business Insurance

know about this Hartford Esthetician Insurance Review 2022

in complete details.

Advantages explained

  • Liability coverage by type of claim: The Hartford’s commercial liability coverage is written on an incident form, which means you’ll be covered as long as the incident occurred while your policy was in force (even if it’s no longer active). This is the preferred form of coverage in the industry.
  • Customizable packaged policy: You can wrap several different coverages in one policy to meet your various business needs.
  • Coverage for companies with employees: The Hartford offers coverages that may be necessary for businesses that have employees, such as workers’ compensation insurance.
  • Superior financial strength: The Hartford received an A+ (Superior) from AM Best for financial strength. This is the second highest rating given by the agency. Of the best cosmetic insurance companies we reviewed, only one company received a higher financial strength rating.


Cons explained

  • You must provide personal information to obtain a quote: While other esthetician insurance companies offer transparent pricing, you’ll need to provide your personal contact information to get a quote from The Hartford.
  • Professional liability coverage is for claims: Like many insurers, The Hartford offers professional liability coverage that’s made of clams. This means that the incident must have occurred Y be informed during the active policy period to be covered.


Complaint rate

The Hartford is made up of multiple subsidiaries that write a variety of coverages, including life, auto and commercial insurance. Hartford Fire Insurance Company writes commercial property, casualty and business coverage and received far fewer complaints than expected with the National Association of Insurance Commissioners (NAIC) in the last three years.

Each year, the NAIC reports a complaint rate for each insurance provider. An index of 1.00 indicates an expected number of complaints given the size of the company. An index greater than 1.00 indicates more complaints than expected and possible problems with customer satisfaction. Over the past three years, The Hartford Fire Insurance Company’s average complaint rate has been just 0.29, indicating that customer service issues are generally not serious enough to warrant complaints.


Third Party Ratings

The Hartford has an A+ (Superior) financial strength rating from AM Best, an agency that rates the creditworthiness of insurance providers. AM Best ratings are important because they predict the likelihood that a company will be able to meet its financial obligations to policyholders and pay claims.

But while The Hartford has the second-highest rating for financial strength, the company received the lowest score in the JD Power 2021 US Small Commercial Insurance Study. The study evaluated factors such as small business interactions with insurers and the claims process. The Hartford received a score of 803 out of 1,000, while the top-ranked provider, Allstate, received a score of 848 out of 1,000. The Hartford ranked last among 10 insurance providers.


Competition

the hartford Next Insurance three insurance
Types of coverage Professional Liability, General Liability, Business Property, Workers Compensation, Business Auto, Business Income, Cyber Professional Liability, General Liability, Business Property, Workers Compensation, Business Auto, Business Income Professional Liability, General Liability, Business Property, Business Auto, Workers Compensation, Business Income, Cyber
online applications Yes Yes Online quote only
AM Best Rating A+ (Superior) A- (Excellent) A++ (Superior)
Minimal price) It varies $220 It varies
NAIC Complaint Rate (three-year average) 0.29 0.30 (two-year average) 1.22


Available Policies

Business Owner Policy

The Hartford Business Owner’s Policy (BOP) combines business property and business liability in one policy. You can also buy them as stand-alone covers. The BOP can also be adapted to include the coverages below, or you can purchase these coverages separately.

workers compensation insurance

This coverage helps replace lost wages and pay for medical treatment if an employee is injured on the job, while also protecting the employer by helping pay the legal costs of a lawsuit brought by an employee or their family.

Depending on your state and the size of your business, workers’ compensation insurance may be required for your business to operate legally. Do your research and consult a legal professional to make sure you know what coverage you need.

commercial auto insurance

While availability varies by state, commercial auto insurance generally covers bodily injury liability, property damage liability, collision, and comprehensive coverage for vehicles owned, leased, or loaned for business purposes. You can also add rental car coverage and non-owned and leased car insurance. Depending on where you live, you may need personal injury protection, uninsured or underinsured motorist coverage, or medical payments coverage as well.

Commercial auto insurance is required for anyone who drives for business purposes: getting to and from work doesn’t count, but driving between clients does.

cyber liability insurance

If your business experiences a cyberattack, this comprehensive coverage can help pay for lost revenue from a network outage, legal services, expenses to notify customers, lawsuits for privacy and security lawsuits, extortion paid in a ransomware attack and regulatory fines. This is generally appropriate for larger companies.

data breach insurance

This helps pay to notify customers, hire a public relations firm, and provide credit monitoring services to victims in the event of a data breach.

professional liability insurance

General liability insurance does not cover all types of claims. Professional liability insurance helps pay for legal defense and lawsuits against you in lawsuits related to negligence, misrepresentation, personal injury, or improper advice given in the process of rendering your professional services.


available passengers

Riders are add-ons to a policy that help you customize your coverage. The policies listed above can be added as endorsements to The Hartford Business Owner’s Policy or purchased separately.


Customer service

The Hartford has an online portalme you can use to view your policy documents, make payments, and even file a claim. If you need further assistance, you can contact customer service at one of the phone numbers below.

Reason for the call Phone number Hours
Quotes 855-440-1078 8 a.m. to 7 p.m. ET Monday through Friday
Customer service 866-457-8730 8 a.m. to 8 p.m. ET Monday through Friday
Claim (is 800-327-3636 24/7


Is Hartford Insurance Right For Me?

Independent estheticians and employers can get coverage from The Hartford, but The Hartford is likely to be more valuable to business owners who need a strong policy with multiple lines of coverage to meet their business needs.

If you don’t need business income or property insurance, you can get cheaper liability coverage elsewhere. And if you prefer a company that provides quotes without your personal information, look elsewhere.


Our Methodology: How We Evaluate Esthetician Insurance Companies

To determine the best esthetician insurance companies, we collected 20 data points on the top esthetician insurance companies by premium. These data points include:

  • financial strength
  • Cost
  • Types of policies and characteristics
  • exclusions
  • consumer complaints
  • online tools
  • billing options
  • Coverage limits

We gave preference to companies with the highest AM Best ratings, a low rate of customer complaints, and those that offer coverage based on the date of the incident rather than when the claim was made. Companies with high aggregate coverage limits, monthly billing, low premiums, online shopping options, and those that offer property coverage saw ratings increases. To rank the companies we research, we apply the following weights to each customer-centric category:

  • Types of coverage and characteristics: 40%
  • Financial stability: 20%
  • Consumer complaints: 25%
  • Online purchase: 10%
  • Billing Options: 5%

We dug deeper into the details of products and companies to determine which companies were best for which types of consumers. Using this research, we determine which companies offer the best esthetician insurance.



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