A compact low‐profile dual‐band dual‐polarized wearable patch antenna, capable of working in 2.4 and 5.8 GHz ISM band for either on‐body or off‐body applications with different radiation patterns in each working band, is presented in this paper. The fabricated antenna consists of four layers including modified ground and patch layers and two dielectric layers made of jean fabric, and it has a radius of 30 mm with overall height of 3.4 mm fed by a single probe. The proposed structure is designed in a way that is capable of radiating linearly polarized (LP) waves in lower working frequency and circularly polarized (CP) waves in its upper working band. The ground plane is modified to ensure the dual‐band radiation as well as miniaturization of the antenna. The patch of the antenna benefits from truncated corners and four circular stubs which are practically coupled with antenna’s modified ground to provide desired axial ratio and dual polarization capability. With the help of computer‐based simulations, the antenna is placed on human body tissue and the calculated amount of SAR values in each band for 1 g tissue is 0.15 and 0.89 Wkg, respectively, which guarantee the safety of the human body in close proximity to the antenna.