Salon Insurance

Salon insurance is a kind of Business Owners Policy, which combines general liability insurance and commercial property insurance to help businesses protect from common risks. Besides shampoo, conditioner and other tools, this coverage is essential because it contains:

• General liability insurance: This policy, also known as commercial general liability insurance, safeguards businesses against the financial impact of accidents that cause third-party bodily injuries or third-party property damage. For example, if someone slips and falls at the salon, you could be liable for their medical expenses. Or if your scissors accidentally shear someone’s necklace, you could be responsible for the cost of its repair.
• Commercial property insurance: This coverage, also known as commercial building insurance, protects a business’s office and the company possessions within the building. It comes in two forms:
  • Business building insurance – Covers damage or destruction of the salon’s physical location (i.e., the four walls of the building). If a fire breaks out in the break room and damages the walls, you’d be covered.
  • Business content insurance – Covers theft or accidental damage to property that’s within your salon or within a hundred feet of the workplace, such as backwash chairs, mirrored cabinets, and even the computer you use to manage your salon appointments.
• Business interruption insurance: You’ll need this to cover the costs associated with business service interruption. For instance, if a fire breaks out in the salon’s break room and you need to close down for a few days, your insurer will provide expenses related to rent and payroll until you reopen.

If you think you need more protection for your salon, you could also add these types of coverage to your policy:

• Business equipment protection: Covers both the equipment that you own and use wherever you work and the equipment you rent, such as tanning equipment.
• Hired and non-owned auto insurance: Covers vehicles that small business owners lease, rent, or borrow. They also protect vehicles that staffers use to transport their equipment in between jobs.

You’ll need Salon Insurance if you run a small to a mid-sized salon in a space that you own. Small and mid-sized business owners can rely on Salon Insurance to provide general liability insurance and commercial property insurance in one convenient, cost-effective package that covers their company and property from a range of risks. If your client slips on water after you wash her hair wash and falls in your salon, for example, general liability insurance would cover the costs associated with her injuries. Or if a burglar breaks in and vandalizes your sign, you would be covered for its replacement.