Salon Insurance

If owning and running your salon had always been your dream then it’s likely you put a great deal of hard work into getting where you are. It doesn’t bare thinking about, but it could all be taken away from you with just one single compensation claim. This is why having the correct insurance cover is so important.

The salon industry has diversified in recent years, with new technologies paving the way for a wider range of treatments such as laser hair removal, along with certain non-invasive cosmetic procedures. As positive as this is, in terms of considerably increasing revenue potential, it brings with it a flipside – the potential cost of damages that a dissatisfied/injured customer can seek against your salon.

There are various other vulnerabilities that your salon needs safeguarding against, also. You need to be protected if a member of staff becomes ill or is injured whilst working for you, and you also have to protect the premises where you operate your business from.

Cover that Ensures the Wellbeing of Your Business

An adequate salon insurance policy, in order to provide the right level of security, has to be made up of several types of insurance:

• Employer’s liability insurance – to cover any damages, legal costs and expenses, should an employee get injured.
• Public liability insurance – to cover any damages, legal costs and expenses in the event of a customer getting injured or their property getting stolen/damaged.
• Business contents insurance – to cover against the theft/damage of your business’ contents.
• Product liability insurance – to cover any damages, legal costs and expenses in the event of customer illness/death because of your products and/or services.
• Loss of income insurance – to cover any loss of income that occurs whilst waiting for an insurance payout.