5 Tips to Save Money When You Renew Your Freelance Hairdressing Insurance

By Dean Laming on July 25th, 2023

It’s important to consider your experience with your current provider if it’s time to renew your insurance policy. Have they given you good service? Is your premium too high?

There’s no denying, nothing’s worse than needing to claim only to discover that the excess is higher than the actual claim. Or that the claim limit is too low to cover the cost of the actual claim.

If you’re ready to renew your freelance hairdressing insurance policy, you need to consider some essential things.

In this article, we’ll reveal five effective methods for getting the most bang for your buck while ensuring comprehensive coverage.

1. Shop Around for Competitive Insurance Quotes

When renewing your freelance hairdressing insurance, you should compare quotes from various insurers.

Do not simply settle for your current insurer’s renewal amount without exploring other options. Salon Savor, for example, offers an online quote tool, making reviewing policy options and selecting your coverage easier than ever.

Further, look at testimonials, trust pilot reviews, and excess costs. Remember, there’s a difference between “cheap” and “affordable.” Ironically, cheap insurance is usually more expensive in the long run.

2. Opt for Tailored Coverage Aligning With Your Needs

Choosing tailored coverage aligning with your specific needs can save you money, as you won’t be paying for unnecessary additional features or services.

Assess the requirements of your business carefully and think about what kind of risks you may encounter, such as equipment theft or liability claims arising from accidents at work.

By focusing on these specific areas when selecting coverages, you’ll avoid spending extra on aspects of insurance that are less applicable to your business situation.

In addition, be sure to review any changes in circumstances since taking out your original policy—this could impact the coverage required going forward.

3. Bundle Your Insurance for Greater Savings

Another excellent way to save money when renewing freelance hairdressing insurance is by bundling multiple insurance policies under one provider or even opting for a specialised package explicitly designed for hairstylists and beauticians.

Bundling typically leads to discounts on overall premium costs because insurers are keen to retain customers who purchase more than one product.

For instance, combining public liability insurance with property protection or adding vehicle coverage if using a mobile salon service could result in significant savings compared with purchasing each policy individually from different providers.

4. Increase Your Voluntary Excess Strategically

Voluntary excess refers to the amount you agree to pay towards an insurance claim before your insurer covers the remaining costs. Increasing this excess makes it possible to lower your premium, as many insurers view higher excess contributions as a sign that the policyholder is less likely to make a claim.

However, before opting for a higher voluntary excess, consider whether you can afford it in case of an unexpected claim. It’s crucial not to compromise your financial security by choosing too high an excess level to reduce premiums.

5. Seek Out Discounts and Promotional Offers

Finally, seek discounts and promotional offers that may help reduce the overall cost of your freelance hairdressing insurance renewal.

For example, insurers often offer discounts on premiums when customers pay annually rather than monthly or provide no-claims bonuses if you’ve been accident-free for a certain period.

Similarly, joining professional associations or industry groups could grant access to exclusive member benefits such as discounted insurance rates from partnered providers. Be proactive in exploring these options and money-saving tips, and take advantage of any savings opportunities available.

Choose Salon Saver for Hairdressing Insurance

Having an insurance plan as a freelancer isn’t just about avoiding financial missteps. It’s about safeguarding your livelihood from unforeseen setbacks. Without comprehensive insurance, you could face enormous bills, time-consuming legal disputes, and even risk your freelance career.

At Salon Saver, we aim to empower you with the knowledge to make informed decisions about your freelance hairdressing insurance. We understand the value of a policy that provides excellent coverage without breaking the bank.

As you consider your insurance renewal, remember that the goal is to balance cost savings with sufficient protection. Adequate insurance could be the safety net that keeps a challenging situation from escalating into a career-threatening crisis.


Dean Laming

Dean Laming is a Chartered Insurance Broker with more than 25 years insurance experience. Through various underwriting, operational and management roles, Dean has built up extensive knowledge of the hair and beauty sector and is now Managing Director of Salon Saver, part of the wider Henry Seymour Group.

All articles by Dean Laming

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