The most common hair salon policy is general liability, which covers claims your business caused injury, property damage, or reputational harm. This ensures that salon owners don't pay for the mistakes of products' manufacturers. Beauty salon insurance protects salon owners from potential financial ruin if an accident occurs or they are sued in a civil court of law. There are other forms of insurance besides general liability coverage that would be beneficial to add to this most basic policy, but the most cost-saving type of policy you can buy is a bundled … Having the right salon insurance in place can protect your business and leave you with the peace of mind that a mishap won't destroy your livelihood. From mobile hairdresser insurance to hair salon insurance, hairstylist insurance protects against lawsuits brought by dissatisfied customers, employee injuries, and more. The exposure increases if any products sold are non-standard, independently produced, or proprietary. If professionals are independent contractors, any injuries they incur on premises are part of the premises liability exposure instead of workers compensation. A single lawsuit or settlement could bankrupt your business five times over. Product liability exposure is moderate if the beauty shop sells shampoo and other items to customers. Minimum recommended small business insurance coverage: Business Personal Property, Business Income with Extra Expense, Employee Dishonesty, Valuable Papers and Records, General Liability, Professional Liability, Umbrella Liability, Hired and Non-owned Auto Liability & Workers Compensation. Bacteria on tools that an employee neglects to clean can cause infections. Low cost freelance & mobile nail technician's insurance that always has your back. A BOP combines general liability insurance with commercial property insurance to protect your beauty shop, spa, or salon, and costs less than purchasing each policy separately. 7231 Beauty Shops: Establishments primarily engaged in furnishing beauty or hairdressing services. Office supplies (stationery etc.) There are many types of business insurance policies, from general liability insurance to workers’ compensation and more, which you may encounter. Public liability insurance is often a very important cover for nail salons, as it can protect you if someone is injured or their property is damaged because of your business. Nail The Look. You've got plenty of options. Tanning beds, massage, and electrolysis services can result in injury. Salon owners should make sure their salon has a Business Owner Policy, a Professional Liability Insurance, and Workers Compensation Insurance. The cost of hair and beauty salon insurance is based on a variety of factors, from coverage needs to staff size. A tornado could hit your salon and shut you down for weeks. Specialized salon insurance is as affordable as regular insurance that may exclude many of your services. Other commercial insurance policies to consider: Building, Earthquake, Flood, Leasehold Interest, Real Property Legal Liability, Accounts Receivables, Bailees Customers, Fine Arts, Cyber Liability, Employment-related Practices, Environmental Impairment, Liquor Liability, Business Automobile Liability and Physical Damage, Garagekeepers and Stop Gap Liability. Shampoo station - $600 5. For most owners of small salons, the business is their primary livelihood - their bread and butter, whether they are just fresh out of beauty school or planning to open up more locations. Hair Stylists. You need a good salon insurance from start or your exciting beauty venture could end up being your worst nightmare. 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