Have you ever considered getting hairdressing salon insurance? If you run a commercial business, it’s a must. Salon insurance is vital for all salon owners or employees. It offers a complete hairdressing salon insurance package to offer cover for both your equipment and fixtures and fittings should you suffer an accident, theft or fire.
It also includes accidental damage coverage, which protects your clients against damage to their hair, face, cuticles and skin after a visit to your beauty parlor. Most salon insurance policies will require you to take out liability cover. This kind of policy protects you from lawsuits if a customer is injured whilst taking your service.
It can cover legal costs and any financial losses suffered by the client due to the injury. It may also cover you from any claims that arise out of the injury such as compensation for pain and suffering. Personal injury protection is often referred to as PIP. This type of policy pays for the cost of injury or emotional damage to a client as a result of an accident or malpractice at the hands of a salon.
Emotional damage can include mental anguish and damage to a person’s credit rating. PIP can also pay for the cost of childcare for infants or children who are badly affected by the accident. It may also cover compensation for psychological suffering caused by the traumatic experience of an injury. Other important contents are general public liability and professional indemnity insurance.
If a hairdresser carries out treatments on individuals in their homes or businesses, it is likely you will need the PIP. Public liability covers the risks posed by a hairdressing salon in relation to its treatment of customers and also the general public and their safety. Professional indemnity insurance would cover claims made against the hairdressing salon for injuries that have occurred whilst those treatments were being carried out.
Claims for negligence are also covered by this insurance. Professional indemnity insurance would protect salon staff and hairdresser staff from claims made against them if they have failed to provide a safe working environment. Any accidental injuries that happen to a client while getting a hair treatment can also be covered. For example, if a customer is hurt while trying to apply for a loan for a car, the salon may be liable to pay compensation.
Finally, a business will need general liability insurance. This will cover the costs of any claims that are made against the business. If you employ more than one other person to work at your salon then this will also increase your combined personal and professional liability. The cost of this insurance will depend on a number of factors including the number of employees and the type of businesses involved.
The main benefit is that you will not need to make a claim and so it could save you thousands of pounds in the long run. As with all types of insurance there are different levels of cover. These levels are known as basic, limited, regular, and business interruption cover. Basic insurance will cover the jewellery and equipment that are used in the salons, while limited cover will protect these items from damage caused by accidental falls or damage that is caused by the salon staff themselves.
Regular insurance provides coverage for incidents that are likely to occur, such as accidental injury. Business interruption cover will protect your jewellery from loss during interruption of your salon. If a customer suffers an accident whilst at your salon then this will normally provide you with the financial compensation required.
In addition to protecting yourself from the financial consequences of lawsuits and accidents, you should also consider investing in litigation funding. Litigation funding can help you cope with the costs and stress of dealing with a lawsuit. For example, if a customer who visits your salon is unhappy with the results, and decides to sue you for your mistakes, you may be financially disadvantaged by having to pay a large amount of legal fees. Therefore, if at all possible, it is worth investing in litigation funding.