Salon insurance - hair salon insurance or beauty salon insurance - whether you are just opening your first hair or beauty salon, or if you’re already an established salon you know you can’t go without - deep breath - insurance. I know it sounds like a dirty word (and about as attractive as paying taxes) but you really can’t live without insurance. (Well, actually, you could live without salon insurance, but it would be a very dangerous and potentially expensive game to play)
But, in these times of spiralling compensation claims, what types insurance do you actually need? Further, which ones could you actually do without?
In no particular order of importance, and with apologies for any situations omitted, the insurance cover should include -
- Accidental failure of any supplies - water, gas or electric. Obviously failure of any of these supplies could effectively close you down*
- Accidental failure of telephone lines - imagine the amount of business you’d lose without your phone!
Cover for contents and stock - imagine the cost of replacing everything inside your salon. This should also include coverage for seasonal increases in stock - Public and employer’s liability insurance - probably THE major coverage you’ll need
- Compensation for court appearances - courts can take their time over making decisions. That time means lost revenue.
- Stolen or lost keys compensation - employees (or even you!) can walk off with the keys or lose them. This element protects you from this.
- Movement of stock and/or contents cover - particularly if you’re mobile
- Full exhibition cover - if you regularly do exhibitions you’ll need cover for both you and the delegates
- Beauty/hairdressing treatment liability cover - just in case everything goes very horribly wrong
- Fully comprehensive money cover - you don’t want to see your hard earned takings being taken without cover
Plus you’ll probably want some kind of 24 hour call centre help lines whether this is legal or crisis support. As well as the all important monthly payment by instalments.
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You may find that the insurance you’re offered covers all of the above and more. Or even that you can have a ‘pick and mix’ approach to your insurance. Either way, what is important is that you do have hair salon insurance or beauty salon insurance.
* Back in the 1970’s my mum ran a hair salon from home. When the electricity power cuts came it should have closed her salon. But, being ever inventive, she made a hair drying ‘room’ with a gas heater, clothes-horse and large towels. As the gas heater had no flue (you didn’t need one in those days) how she never killed anyone is a mystery!
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