Are You a Salon Owner or Stylist? If So, You Need to Think About Getting a Salon Insurance Quote
If you are a salon owner or independent contractor, you know that things don't always go as planned. Even if you have extensive knowledge or experience, you never know what could happen. The best way to protect yourself and/or your employees is to get a salon insurance quote. Here are some of the types of insurance that you can get.
General Or Professional Business Liability Coverage
This type of salon insurance is meant for accidents and mishaps. In the case that a customer or client decides to sue you, this type of insurance is going to protect your assets. In other words, you will still be able to keep things such as your building and salon supplies even if you get sued. Some of the actions that could cause a law suit include burning a customer's scalp. It is important to get this type of salon insurance because there are certain chemicals and procedures that some people react negatively to. Even if you and your stylists are diligent about following the directions and proper safety precautions, accidents and mistakes can still happen.
Property Insurance
Property insurance is specifically meant to protect your building and the belongings that are inside your salon. Things that you need property insurance for includes fires, robberies, certain water damage, and much more. It's important to get property insurance because you can never control or have the ability to stop external forces such as intruders or Mother Nature. A salon owner that rents, but does not own the building that they perform business in will only have to cover lost, stolen, or damaged items. A salon owner that owns the building will need full coverage commercial property insurance. Additional items that can be covered in property insurance include the furniture in your waiting section, the professional hair straighteners and curlers, and your product inventory.
Workers Compensation Insurance
This type of salon insurance is meant to cover things such as medical benefits for your employees, wage replacement, and much more. Your amount of coverage will dictate what and how much it covers. In certain states, every single employer is required to carry workers compensation. However, if you have any stylists that work as independent contractors the rule may not apply. Independent contractors are categorised as separate workers because they technically are self-employed. Because you will often have no option of whether or not you can cover workers' compensation insurance, there are plenty of providers.
General Or Professional Business Liability Coverage
This type of salon insurance is meant for accidents and mishaps. In the case that a customer or client decides to sue you, this type of insurance is going to protect your assets. In other words, you will still be able to keep things such as your building and salon supplies even if you get sued. Some of the actions that could cause a law suit include burning a customer's scalp. It is important to get this type of salon insurance because there are certain chemicals and procedures that some people react negatively to. Even if you and your stylists are diligent about following the directions and proper safety precautions, accidents and mistakes can still happen.
Property Insurance
Property insurance is specifically meant to protect your building and the belongings that are inside your salon. Things that you need property insurance for includes fires, robberies, certain water damage, and much more. It's important to get property insurance because you can never control or have the ability to stop external forces such as intruders or Mother Nature. A salon owner that rents, but does not own the building that they perform business in will only have to cover lost, stolen, or damaged items. A salon owner that owns the building will need full coverage commercial property insurance. Additional items that can be covered in property insurance include the furniture in your waiting section, the professional hair straighteners and curlers, and your product inventory.
Workers Compensation Insurance
This type of salon insurance is meant to cover things such as medical benefits for your employees, wage replacement, and much more. Your amount of coverage will dictate what and how much it covers. In certain states, every single employer is required to carry workers compensation. However, if you have any stylists that work as independent contractors the rule may not apply. Independent contractors are categorised as separate workers because they technically are self-employed. Because you will often have no option of whether or not you can cover workers' compensation insurance, there are plenty of providers.
Source...