As with any type of insurance, the cost of face painting insurance will vary depending on a number of different factors. These factors include:
- Your experience
- Whether you have had any previous claims
- What sort of face painting you are doing
- How much work you are doing
- What cover you require
If you have been face painting for some time, it’s less likely that you’ll end up having to make a claim. Similarly, if you’ve had any relevant training, the chance of you needing to make a claim is reduced.
As such, you’ll find that your face painting insurance costs less if you have experience and/or appropriate training than it will if you’re just starting out.
Although it is not a guarantee that you will need to make a claim in the future, in general people who claim frequently are more likely to make another claim at some point.
If you want to keep your insurance premium as low as possible, it’s important to make sure that you prevent as many claims as you can. Although this can mean short-term costs to take risk management measures, often those short-term costs can turn into investments that pay real dividends in terms of premium savings.
Remember that it isn’t just the cost of the claim itself that will affect your business. If you’re painting a child’s face and injure that child, although your insurance will cover any compensation claim, it won’t address the damage to your reputation that will result from you having injured the child. Risk management is always a good idea.
The type of face painting
If you’re just painting children’s faces at village fetes and festivals, any claim that does arise is likely to be cheaper to settle than if you are painting film stars’ faces for a large film production.
If you’re involved in more hazardous work, you should factor the fact that your insurance is likely to cost more into the price you quote for the work.
How much work are you doing?
The chance of a claim being made against you increases as the number of people you come into contact with increases. As a result, a face painter’s liability insurance will often be based on their annual income or the number of people working in the business.
The level of cover
Clearly, if you opt for the best possible cover, it’ll be more expensive than if you choose a less expensive, but more restrictive, insurance policy. However, although this can save you money in the short term, in the long run, it can prove to be costly.
A face painter could save money by relying on a standard business insurance package for instance, rather than buying a bespoke face painting insurance package. However, that standard business package would not include treatment risk cover.
Treatment risk cover deals with compensation claims that arise as a result of the delivery of professional services. This type of claim is excluded from a standard business insurance package which means that, although the standard business insurance package might be slightly cheaper, it would leave many potential claims uninsured.
You can also save money by lowering the sums insured under the property section of your face painting insurance. However, if you haven’t insured for the full value of your business property, you would be penalised in the event of a claim.
Similarly, you could opt for a £1,000,000 indemnity limit under the public liability insurance section, which would be cheaper than a £2,000,000 or £5,000,000 indemnity limit. However, many venues will not let you operate unless you have the higher indemnity limits, so although you would be saving money on your insurance premium, you could be losing income.