Salon Insurance

Beauty shop insurance covers businesses involved in barbering, spa, hairdressing, and beauty. Insurance companies offer packages tailored to various fields, and salon insurance covers the specific risks associated with running a business in beauty. Let's go over the particular things that a salon insurance policy covers:

Features You Can Expect in Your Salon Insurance

<b>Professional Liability</b>

Professional Liability

Professional Liability

Also known as Errors and Omissions Insurance, this feature covers any claims of negligence that a client may file against you. As a salon owner and service provider, you are an expert in a specialized field. As such, there is liability involved in any advice or services that you provide. Consider the following scenario:

Following a successful facial spa treatment, a client asks one of your technicians how to keep her skin smooth in the future. Your technician recommends a product that she uses often. The client purchases it and uses it at home, and has an allergic reaction. Upset, this client files a lawsuit against your salon.

Through negligence or omission, the client can imply your business is responsible. With salon insurance, any similar scenarios can have their legal fees covered by the professional liability cover. This coverage is valid regardless of the party at fault.

<b>General Liability</b>

General Liability

This is the feature that most business owners are familiar with that protects against accidents at work. If there is a slip and fall in the salon, general liability coverage can cover medical expenses and any legal fees that follow. Often referred to as business liability insurance, this feature offers protection from:

  • Property damage
  • Medical payments
  • Bodily injury
  • Property damage liability
  • Damage to the premises — for renters
<b>Workers' Compensation</b>

Workers' Compensation

Workers' compensation protects against the injuries and illnesses that employees may get while on the job. It covers workers' medical expenses and a portion of their lost wages due to job-related injury or illness.

The rules that workers' compensation policy follows differ from one state to another. However, with the help of a seasoned professional, you can work out what you can expect from the feature for your salon business. Common examples of events that are covered are injuries:

  • caused by falls
  • caused by heavy lifting
  • from fires or hot surfaces
  • caused by slipping on wet surfaces

What To Expect Regarding Pricing

Pricing can be a serious consideration for business owners that are looking to subscribe to a policy. However, there is no one-size-fits-all answer for the price range that you can expect. Salon and spa insurance is calculated based on many factors that change from one business to another. One of these is staff size. A barbershop with three stylists will have a different barber insurance rate than one with five stylists because the level of risk changes with every additional employee. Another factor that insurance companies consider is the volume of clients because this can also affect the risk levels.

While affordability is important, make sure that you do not aim for the cheapest salon insurance policy. Instead, aim for the most comprehensive. Making sure that your salon insurance addresses your specific needs will be more cost-effective in the long term because you won't have to cover gaps in the policy from your pocket.

FAQs

What is Salon Insurance?

Insurance companies tailor salon insurance policies to cover the unique needs of beauty, spa, hairdressing, and barbering services. Salon owners need this product to ensure that their business is not held liable or interrupted by any client misunderstandings.

What does salon insurance cover?

Salon insurance coverage extends to the premises, equipment, and workers involved in the business. With these business areas covered, your insurance provider can handle most lawsuits and legal fees.

Do hairdressers need insurance, or does the salon carry it?

The need for personal insurance as a hairdresser depends on the situation. If you are a hairdresser renting a chair in an established salon, you are functioning as a separate business. As such, you will need to get your own insurance coverage. In some cases, depending on your agreement with the salon owner, the salon may cover your insurance. However, this is not always the case. Make sure to check if the overall business policy covers you or not. If you need to get insurance for your salon booth, the good news is that it's often cheaper for individuals than it is for businesses. Consult an insurance representative to get an idea of the rates for salon booth renters.