What Does Cheap Beauty Salon Insurance Not Cover?

By Darragh Timlin on July 31st, 2023

Ever wondered what pitfalls might be lurking in your cheap beauty salon insurance policy? Are you sacrificing essential coverage in exchange for a lower premium? It’s time to find out the truth about what your budget policy might be missing.

In this blog post, we’ll explore key areas where your current insurance might fall short, from limited public liability to exclusions for specific beauty treatments. By understanding these potential gaps, you can take steps to better protect your salon and secure your peace of mind. So, let’s get started and ensure your business is covered from all angles.

1. Limited Public Liability Coverage

Cheap beauty salon insurance often comes with limited public liability coverage. This means that if a client suffers an injury or damage to their property while at your salon, you may not be fully protected against the financial consequences. It’s essential to check the limits of your public liability coverage and whether they are high enough to cover potential claims. Remember, even a small accident can lead to significant financial consequences, especially if the injured party decides to take legal action.

2. Employee Theft and Dishonesty Exclusions

Another area where cheap beauty salon insurance may lack is employee theft and dishonesty exclusions. Unfortunately, employee theft is a real risk for salon owners, and if your policy does not cover it, you could end up bearing the costs yourself. In addition to theft, dishonesty can also include things like embezzlement or fraudulent behaviour. Make sure you are aware of what your policy covers and how it might leave you exposed to these risks.

3. Restricted Professional Treatment Risk Protection

Professional treatment risk protection is essential for beauty salons, as it covers claims made by clients for negligence, errors, or omissions in the services you provide. Cheap insurance policies may have restricted coverage, which means you could be left exposed to costly legal claims. It’s important to check the limits of your professional treatment risk protection, as well as any exclusions that may be present in the policy.

4. Gaps in Treatment Liability Insurance

Treatment liability insurance covers claims made by clients for injuries or damages sustained during a treatment at your salon. Some cheap beauty salon insurance policies may have gaps in this coverage, leaving you open to potential legal claims. It’s important to be aware of any exclusions or limitations in your treatment liability insurance so that you can make an informed decision about whether it offers adequate protection.

5. Exclusions for Certain Beauty Procedures

Cheap insurance policies may also exclude coverage for certain beauty procedures, such as laser treatments or injectables. If your salon provides these services, it’s crucial to ensure that your policy covers them. Otherwise, you may be left vulnerable to potential legal claims and financial consequences if something goes wrong during a treatment.

6. Seasonal Increase Limitations

Your salon’s revenue may fluctuate throughout the year due to seasonal changes in demand for beauty treatments. Some cheap insurance policies may not provide adequate protection during periods of increased business, such as the holiday season. Check whether your policy includes any seasonal increase limitations and ensure that your coverage is sufficient to protect your salon during busy periods.

7. Tenants’ Legal Liability Exclusions

If you rent your salon premises, tenants’ legal liability insurance is essential to protect you from potential legal claims made by your landlord. Some cheap insurance policies may exclude this coverage, which could leave you exposed to financial losses if property damage occurs. Be sure to check your policy for tenants’ legal liability exclusions and ensure that you have adequate protection in place.

8. Business Interruption and Loss of Income Limitations

A significant business interruption, such as a fire or flood, can have devastating financial consequences for your salon. Cheap insurance policies may not provide adequate coverage for business interruption and loss of income, leaving you vulnerable during challenging times. Ensure that your policy includes sufficient coverage for these eventualities so that you can focus on getting your salon back up and running as quickly as possible.

Pick Salon Saver for Beauty Insurance

Salon Saver is here to provide low-cost, core protection for beauty salons that know what they need and don’t want to pay for more than they have to. By being aware of the potential gaps and limitations in cheap beauty salon insurance policies, you can make an informed decision about the right coverage for your business. With Salon Saver, you can rest assured that you are getting the protection you need without the unnecessary bells and whistles, allowing you to focus on what matters most – providing exceptional beauty treatments for your clients.

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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