Fact or Fiction: Debunking Beauty Salon Insurance Myths

By Darragh Timlin on July 18th, 2023

The beauty salon business comes with a cascade of complexities and one such tricky territory is insurance. Myths and misconceptions often muddy the water, leaving salon owners baffled. Are all beauty salon insurances the same? Can high-quality products or well-trained staff let you skip insurance? Is the cheapest provider always the best? These are just some of the questions that might keep you awake at night.

This blog post aims to set the record straight on beauty salon insurance. We’ll tackle common fallacies, from the notion of freelance beauty professionals always being covered under salon’s insurance, to the belief that insurance claims are always time-consuming. Brace yourself, we’re about to debunk some stubborn myths and reveal the facts that lie beneath. So, wipe off the fog of confusion and join us as we explore the ins and outs of beauty salon insurance. The truth may surprise you!

Myth: Salon Insurance Is Optional

Simply put, no. Beauty salon insurance is not optional. Any business that allows customers/clients to the premises is legally required to have public liability insurance, salons included—and any business that employs employees is legally required to have employer’s liability insurance.

Beyond that, it’s a necessary safeguard for every salon, shielding them from potential financial disasters. Unforeseen events such as accidents, property damage, or lawsuits can threaten the viability of the business. With insurance, these perils become manageable, allowing proprietors to focus on their passion – beauty.

Myth: Specialist Salon Insurance Is Overkill

Though general business insurance offers some protection, it may not fully cover the unique risks associated with the beauty industry. Specific hazards like treatment liability and professional treatment risk may not be covered under a general policy. That’s why specialised salon insurance becomes imperative to ensure absolute protection.

Myth: Premiums Are Solely Determined By Salon Size And Location

While size and location can influence premiums, other factors also come into play. These include the types of treatments offered, the number of employees, and the salon’s claims history. It’s crucial to discuss these factors with an insurance provider to get an accurate quote.

Myth: You Can Skip Business Interruption Cover

Ignoring business interruption cover can be a costly mistake. If an unforeseen event forces your salon to close temporarily, business interruption insurance can cover lost income and other expenses during this period. It’s an essential safety net for any salon, ensuring you can bounce back quickly after a disruption.

Myth: Salon Insurance Covers Freelance Professionals Too

Freelance beauty professionals, while working in a salon, may not necessarily be covered under the salon’s insurance. It can depend on many factors including the insurance policy terms and the contractual agreement between the freelancer and the salon. Freelancers should consider securing their own insurance to avoid potential gaps in coverage.

Myth: You Don’t Need Salon Insurance If You Don’t Perform Certain Treatments

A common misconception, indeed. Even low-risk treatments can lead to unforeseen incidents. For instance, a client could have an allergic reaction to a product. It’s always better to be prepared with a comprehensive insurance policy, regardless of the treatments offered.

Myth: Your Premiums Will Skyrocket After Claiming

One claim may not drastically increase your premium. However, several claims over a short period might. It’s essential to manage risks effectively and maintain a clean claims record where possible, to keep premiums at a manageable level.

Myth: Salon Insurance Claims Are Complicated & Convoluted

Not necessarily. The claims process can be straightforward and quick, depending on the insurance provider. Choose a provider known for their efficient and supportive claims process; the last thing you need in a crisis is a complicated claims procedure. Choose Salon Saver!

Myth: Salon Insurance Can’t Cover Weather Damage

Yes, they can. Many salon insurance policies cover weather-related damages such as those caused by storms or floods. However, as always, it’s essential to check the specifics of your policy to make sure this is included.

Myth: All Providers Are The Same

Each insurance provider offers different policies, each with their unique features and coverages. It’s crucial to compare policies from different providers, considering your salon’s specific needs, to find the best fit.

Choose Salon Saver

Salon Saver is the next evolution in beauty salon insurance, offering low-cost core protection to businesses who know what they need. Forget the bells and whistles; what you get is what truly matters. Salon Saver puts the power back in the hands of the salon owner, ensuring that your business can withstand whatever comes its way. So, before buying into any insurance myths, remember to do your research, understand your needs, and choose a policy that offers comprehensive cover for your salon.

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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