BLOG: May 2022: Beauty Salon Insurance protects you when things get ugly!
As a salon owner, It’s your job to make your clients feel and look like a million dollars. But what happens if treatment leaves a client looking less than salon-sleek? Worse, what if they have suffered a bad reaction to a product or got burned from the wax, for example?
Get the treatment wrong and your client won’t be the only one who suffers. Claims against Professional Negligence and bodily injury hurts not only your bank account but also your reputation. No matter how great your beauty skills are, sometimes things can go wrong from time to time.
It’s at times like these that your beauty salon insurance steps up to the plate. If something doesn’t go exactly to plan, you may have a claim which could be difficult to settle, then your salon insurance policy will help you deal with the legal proceedings ensuring the process is as hassle-free as possible. Having insurance gives you the peace of mind to enjoy running your business without the fear of high compensations arising from even the smallest mistakes.
But what insurance does a beauty salon need, exactly?
Public Liability Insurance
This covers the cost of claims made by members of the public for incidents that occur in connection with your business activities.Incidents regularly happen, so salons need public liability for peace of mind. Something as simple as a small puddle of solution on the floor which causes someone to slip and fall heavily and break a hand, or a client tripping over a cable in the salon are examples of potential claims.
Treatment Risk and Medical Malpractice Insurance
Protects you against claims that arise from negligence during the treatment itself. A small mistake during a procedure or unexpected allergic reaction to a product can cause a lot of trouble. Compensation for pain, trauma or physical damage can be very expensive, particularly if it’s a permanent issue such as a scar on the face. That is why proper treatment risk is an essential part of your beauty salon cover.
Employer’s liability Cover
Employer's Liability covers you for your legal liability for injury or illness suffered by your employees whilst working in your business. Employers liability claims may arise from incidents in the workplace and for salons, it could be small burns, trips or lacerations. More serious are occupational injuries that arise may years after termination of employment, such as a bad back caused by lifting or giving therapies to clients, or asthma caused by nail dust or fumes for instance.
Material damage cover
This is Property Insurance that protects your business property, salon equipment or stock from damage caused by fire and range of other perils. After a fire, flood or burglary there is obvious destruction, loss or damage to buildings, machinery and stock. That means your equipment is out of action, you can’t work and generate an income. Worst, disappointed clients my drift off elsewhere and never come back. Salon Insurance pays to repair or replace any damaged, lost or stolen goods and machinery.
Business Interruption insurance is often included, or offered as an optional extra to salon insurance packages. It covers you for loss of income during periods when you cannot carry out treatments as usual due to an unexpected event like flood or fire. It aims to put your business back in the same trading position it was in before the event occurred.
It’s entirely up to you what covers you would like included in your salon insurance. We make sure to tailor the policy to your specific needs and advise you on the pitffalls. Our team is experienced with Salon owners, so you will speak to someone who understands the beauty industry. To speak to one of our us please do not hesitate to give us a ring on: 0719620193 or go to our quotation form here to get our salon team working to get you a competitive quote!