10 Things to Look For in Good Beauty Salon Insurance

By Darragh Timlin on July 1st, 2023

Owning a beauty salon comes with its fair share of responsibilities, and one aspect that’s often overlooked is insurance. What features make for the ideal insurance policy for your beauty salon? What aspects should you prioritise to ensure your business is protected?

In this blog post, we’ll explore ten key factors to consider when selecting beauty salon insurance. From comprehensive public liability coverage to flexible payment options, we’ll guide you through the essential elements that will help safeguard your salon’s future. So, let’s get started and find the perfect insurance for your business.

1. Comprehensive Public Liability Coverage

When choosing beauty salon insurance, the first thing you should look for is comprehensive public liability coverage. This type of insurance protects your business from claims made by third parties, such as clients, suppliers, or visitors, who may suffer an injury or damage to their property while on your premises. A good insurance policy will offer a high level of coverage, typically up to £5 million, ensuring that you’re financially protected in the event of an accident.

It’s important to remember that accidents can happen even in the most well-run salons, so having the right level of public liability coverage is essential for peace of mind. Look for policies that include cover for any legal fees and compensation costs, should you need to defend a claim made against your business.

2. Tailored Employers’ Liability Insurance

If you have any employees working in your salon, employers’ liability insurance is a legal requirement in the UK. This type of insurance protects you against claims made by staff members who may suffer an injury or become ill as a result of their work. A good beauty salon insurance policy should offer tailored employers’ liability coverage, taking into account the specific risks associated with your industry.

Make sure to choose a policy that provides a minimum cover of £5 million, as required by UK law. Additionally, look for insurance providers that offer support and guidance on how to maintain a safe working environment, helping to minimise the risk of accidents and claims.

3. Unique Business Interruption Protection

Running a beauty salon comes with its own unique challenges, and unexpected events can sometimes force you to close your doors temporarily. Business interruption insurance is designed to protect your income during periods when you’re unable to trade due to circumstances beyond your control, such as a fire or flood.

When choosing beauty salon insurance, look for policies that offer tailored business interruption protection, taking into account the specific needs of your salon. This could include coverage for lost income, ongoing expenses, and even the cost of temporary relocation if necessary.

4. Contents And Equipment Security

The contents of your beauty salon, including expensive equipment and products, are essential for the day-to-day running of your business. It’s important to ensure that these items are adequately insured against theft, damage, or loss. A good policy should provide coverage for your contents and equipment, with a sufficient sum insured to replace everything in the event of a claim.

Consider policies that include cover for items that may be temporarily off-site, such as those used for mobile treatments or training courses. Additionally, look for policies that offer new-for-old replacement, ensuring you can get back up and running quickly after a loss.

5. Treatment Risk Cover

As a beauty salon owner, you know that even the most skilled therapists can sometimes make mistakes. That’s why it’s important to have treatment risk cover included in your insurance policy. This type of insurance protects you against claims made by clients who may suffer an injury or adverse reaction as a result of a treatment provided by your salon.

Make sure to choose a policy that provides comprehensive treatment risk coverage, with a high level of indemnity to protect you financially in the event of a claim. It’s also a good idea to select an insurance provider that has experience in the beauty industry, as they’ll have a better understanding of the specific risks and treatments involved.

6. Building Insurance For Salon Owners

If you own the building your salon operates from, it’s important to ensure it’s adequately insured against risks such as fire, flood, or storm damage. Building insurance is designed to cover the cost of repairing or rebuilding your salon if it’s damaged by an insured event. When choosing beauty salon insurance, look for policies that offer comprehensive building coverage, with a sum insured that accurately reflects the rebuild cost of your premises.

Additionally, consider policies that include cover for fixtures and fittings, such as salon chairs, display units, and mirrors, as these items can be costly to replace if damaged.

7. Personal Accident & Income Support

As a salon owner, your personal well-being is just as important as the financial health of your business. Personal accident insurance can provide financial support in the event that you’re unable to work due to an injury or illness. This type of coverage can help cover your lost income and any medical expenses, allowing you to focus on your recovery.

When choosing beauty salon insurance, look for policies that include personal accident coverage, with a level of income support that reflects your needs. Some policies may also offer additional benefits, such as access to professional counselling or physiotherapy, to help you get back on your feet quicker.

8. Legal Expenses Assistance

Legal disputes can be both stressful and expensive, so it’s important to have adequate legal expenses coverage in your beauty salon insurance policy. This type of insurance provides financial assistance for legal costs and representation, should you need to defend or pursue a claim. Common legal disputes for salon owners can include employment issues, contract disputes, or even tax investigations.

Choose a policy that offers comprehensive legal expenses assistance, including access to a legal helpline for advice and support. It’s also a good idea to look for insurers that have experience in the beauty industry, as they’ll be better equipped to handle any industry-specific legal issues.

9. Cyber And Data Breach Protection

In today’s digital world, the risk of cyber attacks and data breaches is an ever-growing concern for businesses of all sizes. As a salon owner, you likely store sensitive client information, process payments, and rely on computer systems for bookings and record-keeping. It’s essential to protect your business against the financial and reputational impact of a cyber attack or data breach.

When choosing beauty salon insurance, look for policies that offer cyber and data breach protection, including coverage for costs such as system repair, data recovery, and legal fees. Additionally, consider insurers that provide support and advice on how to minimise your risk of a cyber attack.

10. Flexible Payment Options And Premium Discounts

Finally, when choosing beauty salon insurance, it’s important to consider the cost and payment options available. Look for insurers that offer flexible payment options, such as monthly instalments, to help spread the cost of your premium. Additionally, some insurers may offer premium discounts for factors such as membership of industry associations, a good claims history, or the implementation of risk management measures.

Choose Salon Saver for Beauty Insurance

Salon Saver is the next evolution of beauty salon insurance. A new wave that excludes nobody from achieving their ambitions. Our insurance policies are strictly no-fuss – they don’t have all the same bells and whistles, but what they do have is all the core covers that you need to keep your business safe. And that’s what really matters.

Our objective is simple; to bring low-cost core protection to those businesses that know what they need and don’t want to pay for more than they have to. By focusing on the 10 key elements discussed in this blog post, you can ensure that your salon is protected, giving you the peace of mind to focus on providing exceptional service and growing your business.

Darragh Timlin

With over 25 years’ experience, Darragh is an expert in all things insurance. Starting his career in commercial property underwriting, Darragh has worked for a number of global insurers and is now Managing Director of Salon Saver, part of the wider Henry Seymour Group.

All articles by Darragh Timlin

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