Best Small Business Insurance
Best Small Business Insurance
Though you might not realize it, there are a handful of risks that come with being a hairdresser. Sure, your hair stylist career doesn’t have you hauling rubble or constructing buildings. But that doesn’t mean you’re invulnerable to risks without a commercial insurance policy.
In fact, just by virtue of having a hair salon location that clients visit, you’re in need of insurance. Even if you’re a mobile hair stylist, and you make home visits for your appointments, you should consider investing in insurance policies that will help protect you against the financial risks that this setup entails.
Accidents that result in bodily injury or property damage are sneaky risks that could happen to any professional—even a hair stylist. Commercial insurance—like hair stylist liability insurance—is designed to respond to such risks.
Not to mention, if you contract out your hair stylist talents for shoots or events, then certain clients might require you to have independent hair stylist insurance to work with them.
Take a look at all the details on the hair stylist insurance policies that Thimble arranges:
With Thimble, you can purchase policies by the hour, day, and month, so you’ll only pay for the time you’re working. Get an instant quote to better understand exactly how much it will cost.
The cost of your Hair Stylist Insurance policy depends on a few moving parts:
How long do you need your policy to be active? If you’re performing a one-off hair stylist job, this active period might be a matter of hours. If you’re working consistently year-round, then you could purchase your hair stylist insurance policies for longer-term periods.
Who Your Policy Covers
Who else will be covered under the policy? Think employees, volunteers, and any other team members that will work for you during the coverage period. Insuring all of your team members could mean untold savings down the line.
Additional Insureds are the clients you include on your policy, and with Thimble, Additional Insureds may be added to your policy for free. Say, for instance, a company contracts you to style hair for the actors in a commercial they’re shooting. You’ll likely need to provide a Certificate of Insurance to prove that you have an active hair stylist liability insurance policy with the client listed as an Additional Insured.
You also need to choose what your coverage limit is for your hair stylist insurance policy. With Thimble, you can choose between a $1,000,000 or a $2,000,000 coverage limit. The coverage limit is essentially the amount of money you can access to address a claim under the policy. The higher the policy limit, the more coverage you’ll have access to if you file a larger claim. Typically, the cost of a higher coverage limit is minimal compared to the coverage provided.
With Thimble, you can choose to add on Vendor’s Insurance to your policy. This add-on can help you access coverage for trade shows or markets you might work at, which will extend your coverage to these vendor events.
To better understand why hair stylist liability insurance is necessary, you should take a moment to consider what exactly it covers.
There are two forms of commercial liability insurance hair stylists should purchase: General Liability Insurance and Professional Liability Insurance. Together, these two types of hair stylist liability insurance can cover the main risks that might face professional hair stylists.
Let’s take a look at some examples of the types of risks that hair stylist insurance can respond to:
Say, for instance, a customer gets up from your chair during a haircut to run to the restroom. In her hurry, she trips over a chord and injures her wrist. It turns out, she’s a freelance professional violinist, and she’ll be decommissioned for weeks because of her injury. Luckily, your hair stylist General Liability Insurance policy can help her recoup those losses.
3rd Party Property Damage
Or, maybe a client has come in for an appointment wearing an extremely expensive, bright blue, silk blouse. She’s asked you to turn her entire head of dark brown hair blonde, and you start in on the long process.
In the middle of your session, your client gets up to take her call, and during her chat, bleach drops onto a portion of her blouse uncovered by the cape without her noticing. By the time she returns and you notice the bleach on the blouse, her blouse is totally ruined.
She’s livid, and decides to file a claim for the thousands of dollars she paid for the blouse. Because this is an instance of third-party property damage, your hair stylist General Liability Insurance policy will cover the damage.
Maybe a particularly litigious client files a claim that a hairstyle you gave her caused her to miss out on a lucrative modeling opportunity, and she wants to access compensation for the income she would have earned for the gig. Even if her claim is ruled unfounded, you’ll still have to pay for your defense in court. Luckily, you have hair stylist General Liability Insurance that covers defense costs.
Remember the professional violinist? Well, she needs you to help pay for the medical costs that she racked up to heal her wrist injury. Because your hair salon General Liability Insurance policy covers medical costs, you’ll be able to file a claim for this medical coverage and avoid paying out of pocket.
Errors and Omissions
The aggrieved model is also back, and her claim actually makes it through court. As a result, you’re not only responsible for paying for your defense costs, you’re also responsible for the lost income she claimed she missed out on because of your services.
This time around, you’ll need to tap into your Professional Liability Insurance policy. Because this form of commercial insurance covers Errors and Omissions, you’re covered.
If you need to access a Certificate of Insurance for your hair stylist business insurance, you can do so instantly through Thimble. If, for instance, you’ve been contracted to do hair on set for a feature film, but you need to show proof of your active hair stylist insurance policy to make it official, you can simply pull up your Thimble app and access a digital version of your COI.
Now that you’re familiar with all of the details on the hair stylist insurance policies that Thimble arranges, what’s next? If you’ve decided that now’s the time to get the coverage you need to set your hair stylist career up for success, your next step is as simple as getting an automatic quote.
If you’ve decided to hold off on purchasing hair stylist insurance, don’t hesitate too long—every professional thinks they’re impervious to financial risk, until they’re not.
Purchasing a policy through Thimble is a low-cost, low-effort step towards shoring your hair stylist career up against the financial risks it comes with.
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