People go to beauty salons, hair salons, and barber shops to refresh their looks and boost their confidence. Those who run the businesses need to have a good understanding of what their customers want and how to keep them satisfied. To ensure the longevity of one’s business, it is important to also think about more mundane things such as insurance.
As with all businesses, there are many risks involved. A storm can damage the premises, tools can break down during use, and a stylist or technician might accidentally injure a customer. The business owner is financially responsible for all the related costs. Salon and barber insurance prepares you for those risks.
This article will cover who needs salon and barber insurance, what the policy covers, and what you can do to lower premiums on the policy.
Salon and barber insurance is a set of policies tailored to the industry's needs and risks. They cover damage to the premises, property damage to a third party, and bodily injury to a customer. These policies are often also sold separately, but insurance companies oftentimes put together customized packages for different industries and businesses.
Many businesses benefit from salon and barber insurance:
There is a whole range of different insurance products available for salons and barber shops. Most salon and barber insurance packages include:
However, that is not everything that insurance companies offer. Here are some other insurance policies to consider:
Insurance can be costly, but not as costly as an accident or lawsuit would be. While insurance saves you money over time, it does not mean you cannot save on the policy itself. Here are some suggestions for lowering your costs:
If your beauty salon, hair salon, or barber shop needs new or better insurance, we would love to help you. Contact us by email, phone, or fill out the free quote form on our website, and we will help you find the insurance that best meets your business needs.
Get a quote instantly. All we need is some basic information about your home, auto or business.
Accepted the quote? You are ready to complete the application quickly & easily online! You will receive all the documents you need and any signatures that are required will be captured via Docusign.
Upon carrier approval, you will be covered and ready to enjoy all the peace of mind that comes with it. You'll receive an insurance binder with all supporting documents.
The information contained in this website is provided for informational purposes only, and should not be construed as advice on any matter. The material in this website may not reflect the most current developments within the insurance industry. We disclaim all liability in respect of actions taken or not taken based on any or all of the contents of this website to the fullest extent permitted by law. Do not act or refrain from acting upon this information without seeking professional advice from a licensed insurance agent.