What Insurance does a Beauty Salon Insurance Uk need?
Running a salon has some risk. Things go wrong sometimes and that is the reason all Salon owners require a set of insurance policies. A Salon owner should go for the necessary insurance policies. Insurance companies like Insync insurance, provide something as a business owner policy which is a combination of beauty salon insurance UK, policies that are required for business owners which is a more cost-effective option. To save your money, you may opt business owner policy that has both general liability insurance and commercial property insurance combined.
Types of insurance
1.General liability insurance – let’s say that one of your employees slips next to the shampoo station and breaks an ankle. Or if you are a mobile salon and during one of your home visits, you drop nail polish on the client’s expensive carpet. For both the cases mentioned, you will be liable for the cost.
This insurance protects you from such types of claims. This is why all the salon owners must have liability insurance. Many insurance companies, if they focus on helping small businesses, offer something called a business owner policy, which includes the general liability insurance also.
- Commercial property insurance – suppose you run a Hair Salon and your expensive hood dryer breaks down on you. That is an unexpected expense that ruins your holiday plan that month. Or if you are running a tanning Salon and water pipe breaks and you get water all your electronic sunbeds. Not only will it be too expensive to repair or replace the sunbeds, but you would also have lost all the revenue your sunbeds generate until they are replaced.
These are the reasons you require commercial property insurance. It protects you against cost if the equipment breaks and also for lost revenue during repairs in the Salon or while waiting for replacement of equipment. Similar to general liability insurance as a salon owner you may not need commercial property insurance if you are signed up for a business owner policy as that is covered there.
- Business owner policy – Has general liability insurance and commercial property insurance in combination. It also includes a business interruption insurance and other specific insurances depending on the requirements of your business. If you set up your insurance with the provider that has working experience with hairdressers, nail technicians, beauty therapists, and other types of salons, they can adapt it to cover their common needs of yours. There are some claims that are not covered by the business owner policy. These are for inaccurate client advice and those that arise from the professional salon services you perform.
- Professional liability insurance – suppose you are a hairdresser and you have colored a client’s hair and they get scalp reaction after. Even the client told you that they are not allergic and you did the service the right way according to the Product Supplier’s instruction you may get sued. Or maybe you are a massage therapist and the client claims to have worse back pain after being treated in your salon, this may put you in the same tricky spot. Professional liability insurance known as errors and omissions insurance or indemnity insurance protects you against the potential risk you can face when conducting your salon services on the clients.
- Workers compensation insurance –
This insurance is mandatory. Your employees are working with hot tools, Chemicals and under less ergonomic circumstances sometimes. What if one of the hairdressers burns herself on a styling tool and she needs to be treated in a hospital? This insurance in case of any injury covers the employee’s lost wages and medical treatment. It protects you from being secured for workplace conditions resulting in injury or illness.
Getting good insurance is critical. When you give services to other people, you run the risk that something goes wrong. As a salon owner, there are many worries on your plate but good insurance can at least remove some.