Accidents can happen anytime at a salon, whether that’s a customer slipping at the shampoo station and breaking an ankle or an employee getting injured within the premises. These accidents can be costly and harmful for your business, so it is crucial to protect yourself, your salon, employees, and clients from such events.
In this article, we will run through everything you need to know about salon insurance.
Liability, Accidents, and Damage in Salons
Anything can go wrong in a salon that can be a potential loss. Some scenarios include:
A client accidentally getting injured on the premises
A treatment ruining a client’s expensive shoes, bags, accessories, etc.
An employee getting injured within the premises
Professional advice or a service package causing injury to a client
Because of this, it is essential to protect yourself, your brand, employees, and clients with insurance coverage.
Insurance for Renters and Hairdressers
Besides salon owners, booth renters or hairdressers renting a chair in the salon also need insurance coverage. After all, they are liable to make professional mistakes, property damage, and bodily injury.
They are considered separate businesses within the salon, so the salon’s insurance may not cover them. However, the insurance for both renters is usually lower compared to a salon owner’s insurance.
The Coverage You Need
A salon usually requires general liability insurance, commercial property insurance, professional liability insurance, and workers compensation insurance. If you are looking for a cost-effective option, you can also go for a business owner policy that combines the insurance policies you need.
General Liability Insurance
This insurance protects your salon from third party claims. Examples of such claims include employees getting accidentally injured in the salon or damaging a client’s property during treatment.
Commercial Property Insurance
This insurance protects your business by covering building repairs or damaged salon equipment. It can cover repairs, whether that’s an expensive hood blower breaking down or a water pipe in the building damaging your expensive equipment.
Business Owner Policy
This policy is a combination of general liability and commercial property insurance. It provides you with the same coverage but at a more cost-efficient rate.
Professional Liability Insurance
This insurance protects you from mistakes during a service.
Even if you are an expert massage therapist or hairdresser, there are times when clients get allergic reactions or pain after a treatment.
This insurance covers the expenses in case you do get sued for an accident or mistake during treatment.
Workers Compensation Insurance
This insurance protects your staff in the event of an injury in your salon. Because they work with hot tools and chemicals, it is not uncommon for salon staff to get injured. This insurance covers the lost wages and medical treatment in case they get injured during the job.
Conclusion
As accidents can happen at any time in salons, it is vital to have salon insurance to protect you, your salon, employees, and your clients. This can save you from the costs of damaged property, medical bills due to injury, and possibly getting sued for an accident during a treatment.
While it may be confusing to figure out what coverage you need, there are insurance specialists who can ensure that you’ve got everything covered.
Are you looking for salon insurance in the Gold Coast? We at New Wave Insurance have insurance specialists to ensure you get the right insurance for your salon. Head on to our website for a free consultation!