Insurance for

Beauty salon general liability insurance

General business liability coverage protects a beauty salon’s assets if it is sued, whether at fault or not, for causing personal injury or property damage, unless specifically excluded. A general liability policy can be purchased on its own or in combination with a property insurance policy.

Beauty salon property insurance

Fire, theft, and lightening damage are all risks of owning a salon, spa or barbershop property. Property insurance coverage provides protection against these perils. An open peril policy covers all causes of losses not excluded specifically in the policy. On the other hand, named perils must be listed on the policy in order to provide coverage for a loss. A property insurance coverage policy can be tailored to meet the specific needs of your salon by adding endorsements to increase coverage. Additionally, property insurance can pay for losses in two ways: 1) Actual cash value or 2) Replacement value.

Beauty salon inland marine insurance

Inland marine insurance is designed to protect your beauty salon or spa property while in transit. Not only does it protect your beauty salon products, equipment, and related cargo in transit, but it protects your inventory being held in storage. When a beauty salon or spa’s equipment, such as hair dryers, curling irons, or inventory is stolen in transit or at the storage site, an inland marine policy would cover the loss. Typically, inland machine insurance is purchased as a supplement to your exiting beauty salon insurance policy. Referred to as a floater, it’s highly recommended to fill in the gaps in your insurance coverage.

Beauty salon workers compensation insurance

Required by every state, workers’ compensation insurance covers beauty salon and spa employees against job-associated illnesses and injuries. It also provides coverages for certain rehabilitation and medical expenses as well as lost wages. It can even provide coverage as a death benefit to heirs of a salon employee who has died from a injury or illness that was job related. As a salon owner, you have a responsibility to keep your employees safe while working. Unfortunately, accidents can happen even though you have all reasonable measures in place to ensure the safety of your employees. Because salon employees are working around chemicals and water, there’s also the chance that a worker may slip and fall on splashed water on the floor or get burned from chemicals used in hair lightening or perming products. To protect you, the small business beauty salon owner, from lawsuits resulting from these types of workplace accidents and to provide coverage for an employee’s lost income from salon workplace accidents, workers’ compensation is a must.

Beauty salon insurance can keep your business afloat in the event of any of these risks and others not listed. When choosing business insurance for your beauty salon, take into account the risks that are likely as well as those you can’t protect yourself from in any other way.