How Cosmetic Company Insurance Can Protect Your Business

As a manufacturer, packager, importer or distributor of cosmetic goods, you know that working with beauty and skincare products can be tricky. From strict regulations around your products to supply chain issues to quality control and consumer safety, your business is confronted with potentially devastating risks daily. Cosmetic company insurance packages are designed specifically to address those risks.  If you own/operate a beauty salon, visit our Protecting Your Business with Beauty Salon Insurance page.

Some of the Cosmetic Products We Cover

  • Makeup, Eye Shadow, Eye Liner, Foundation & Nail Polish
  • Skin Cream, Eye Cream, Lotion, Age Cream & Moisturizer
  • Acne Treatments
  • Lipstick & Lip Balm
  • Shaving Creams
  • Shampoos and Conditioners, Gel, Mousse & Hair Spray
  • Deodorants & Antiperspirants 
  • Baby Skincare Products
  • Beauty Accessories
  • Candles
  • Spa Products
  • Essential Oils
  • Handcrafted Soap and Homemade Beauty Products

How Cosmetic Business Insurance Can Cover You 

Some of the coverages typically included in a cosmetic company insurance package are listed below. The coverages and the package itself are cost-effective and customizable to meet your specific business needs.

Commercial General Liability Insurance – CGL insurance can provide you with coverage for legal costs including defence costs, settlements and damages for lawsuits alleging personal injury (on your property), property damage, libel/slander and false advertising.

Product Liability Insurance – This is the policy that can protect your organization from lawsuits related to bodily injuries, illnesses, allergic reactions or property damage alleged to have been caused by your cosmetic goods.

Product Recall Insurance – If you need to recall beauty or skincare products, this policy can provide coverage for recall costs including replacement costs, disposal fees, testing costs and brand rehabilitation expense.

Pollution Liability Insurance – This insurance policy can provide your cosmetic manufacturing company with coverage for cleanup costs, fines and legal expenses related to pollution and waste disposal liability.

Commercial Property Insurance – Structure and content protection including building, equipment, machinery, supplies, assets, etc., from damage or destruction caused by perils such as fires, floods, windstorms, sewage backups and more. You may also want to include additional coverage:

  • Business Interruption coverage that will reimburse you for income lost due to an insured peril; and 
  • Extra Expense insurance plan covers for the costs to set up a temporary location during repairs. 

Boiler & Machinery Insurance / Equipment Breakdown Insurance – Provides you with coverage for losses due to a breakdown in manufacturing, heating/cooling and other equipment caused by specific perils such as electrical arcing, power surges and more. 

Cargo Insurance – For cosmetics shippers, this policy provides end-to-end cargo coverage, protecting your shipments from loss or damage, border delays and other shipping risks.

Commercial Auto Insurance / Commercial Vehicle Insurance – Whether you need fleet protection or single vehicle coverage, this policy responds when a vehicle is used for business purposes.

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We only deal in commercial insurance and work with the top insurance provider in Canada to get you exactly the right insurance options for your cosmetic company needs at competitive rates. Contact an advocate or use our online tool to get a free quote on cosmetic company insurance coverage in minutes.

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