The Big Three: Essential Insurance Types Every Salon Needs

By Dean Laming on June 28th, 2023

As a salon owner, you’ve worked tirelessly to create an inviting atmosphere where clients can relax and enjoy being pampered. But have you considered the potential risks that could jeopardise your business? What if a client slips on a wet floor and suffers an injury? Or what if one of your employees develops a health issue due to their work environment? And let’s not forget about the possibility of theft or damage to your valuable equipment. Are you prepared for these scenarios?

In this blog post, we’ll explore “The Big Three” essential insurance types every salon needs in order to protect itself from unforeseen circumstances. We’ll delve into Public Liability Insurance, which shields your business from third-party claims; Employers’ Liability Insurance, safeguarding both your employees and business; and Property and Contents Insurance, securing your salon’s assets and equipment. So, sit back, relax, and let’s dive into the world of insurance – because it’s better to be safe than sorry!

1. Public Liability Insurance: Protecting Your Salon From Third-Party Claims

Public liability insurance is an essential type of coverage for any salon owner, as it protects your business from third-party claims arising due to injury or property damage caused by your business activities. If a customer slips on a wet floor in your salon and gets injured, or if their clothing is accidentally damaged during a treatment, public liability insurance will cover the legal fees and compensation costs involved.

This insurance not only provides peace of mind for both you as the business owner and your clients but also helps maintain your professional reputation. In many cases, customers look for salons that have adequate public liability coverage before making bookings to ensure their safety and protection are taken seriously by the establishment.

When choosing a public liability policy, make sure you select one that offers sufficient coverage based on the size and nature of your salon. Also, keep in mind that some treatments may require additional specialized coverage – so it’s essential to discuss this with your insurer.

2. Employers’ Liability Insurance: Safeguarding Your Employees And Business

As a salon owner employing staff members – be they hairstylists, beauticians, or receptionists – employers’ liability insurance is another vital type of insurance that should not be overlooked. This type of coverage safeguards businesses against claims made by employees who suffer work-related injuries or illnesses while working at your premises.

Whether it’s an employee who develops a skin reaction from using certain products or someone slipping on spilled product resulting in injury – employers’ liability insurance can help protect you financially from these unforeseen circumstances.

To ensure maximum protection for both your employees and business assets, choose an insurer that offers comprehensive and customized coverage options, tailored to the unique needs of your salon.

3. Property And Contents Insurance: Securing Your Salon’s Assets And Equipment

Property and contents insurance is another crucial aspect of every salon owner’s insurance portfolio. This type of coverage safeguards your business assets – from the building itself to the high-value equipment, fixtures, and fittings inside.

If an unfortunate event like a fire or flood were to occur at your premises, property and contents insurance would help cover repair costs or replace damaged items. Additionally, this policy can also protect against theft or vandalism incidents which could severely impact your salon’s operations.

To make sure you are properly covered in case of such events, be sure to assess the value of all items in your salon accurately when selecting a policy. Also, it’s worth considering adding business interruption coverage to your property and contents insurance package – this feature offers financial assistance for lost income if such events force you to close temporarily.

Need Salon Insurance? Contact Salon Saver Today

Salon Saver is the next evolution of salon insurance – providing low-cost core protection without unnecessary bells and whistles that may inflate premiums while leaving out essential aspects. By focusing on public liability insurance, employers’ liability insurance, and property and contents insurance as the big three pillars in our policies – we ensure that all salons receive balanced safeguarding measures they cannot afford to go without.

Our objective is simple; we want everyone who steps into their dreams with determination never has any setbacks along their journey due to unforeseen circumstances that adequate policies could easily mitigate against. Protecting both clients’ well-being within premises & employees’ safety while working ensures long-term success stories borne out passion instead fear & uncertainty surrounding potential liabilities one might face during daily operations as proprietorship grows bigger over time!

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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