Salon Insurance Quotes - For Salon Owners
Do I need insurance for my salon? Legally you will be required to have a minimum of employee's liability of at least 5 million, although most policies offer 10 million, that is if you employ staff. For more information on your legal obligation please review the insurance for small business guide provided by the AIB.
Obviously it would be only good business practice to take out additional cover that will protect your salon business. The 4 main areas that should be considered as part of your salon insurance package include:
How do I find Salon Insurance ?
Salon insurance is normally bought as a small business insurance package that includes the key elements that are specific to your trade and individual requirements. The cost and type of cover that you will require will be based on a number of factors that include:
How to lower the cost
The cost of cover is based on a number of factors, some that you have control over and some that you have no control over. Take your post code should it be in a location that has a high level of crime then your premium will be higher than a postal code in a less risk or urban region.
Types of Protection to Consider
If you are a salon owner or work as a freelancer you will need to protect your business by taking out the appropriate level of cover. When you are searching for a good deal one advisable step is to compare the options and costs that are currently available on the marketplace. If you select Get Quotes and complete one simple form, your requirements will be shared with multiple brokers who will provide you with an option to purchase a policy that is geared towards your individual small business requirements.
The resulting quotes and policy details will be presented to you in a format that makes comparison both easy and fast. When you operate a salon and provide a service to the general public it is necessary to ensure that you have the correct level of cover that will provide protection from financial claims against you or your business. We can help by enabling you to get quotes from a select panel of UK brokers and underwriters that deal exclusively in the beauty sector.
When you have a steady stream of both customers and suppliers coming in and out of your business premises you need to take out cover against likely claims. The will give you peace of mind that your business would not be in danger if an accident that results in a legal claim is made against your salon business. We can offer a range of policies for most business types that deal in the beauty or well being sector. In addition we now offer multiple quotes for tattoo insurance.
- Product Liability
No beauty salon can not operate or compete without investing in both the latest beauty technology and latest beauty products. Many parlors also have a shop front selling these sought after lotions direct to the public. This is where product liability comes into play it protects your business should a customer have an adverse reaction to any of your products. This type of claim is more common than you may think for example a customer may have an adverse reaction to skin product. The resulting damage inflicted can be both serve and costly in terms of damages as the client can legally make a claim against your beauty parlor. Product liability cover is able to protect your business against any medical and damage claims including legal costs. The industry standard is currently in the region of £5 million. This product can be also be offered as part of a comprehensive salon insurance package that might include Public and Employer's' Liability Insurance. Most UK brokers will offer a variety of payment methods including payment via monthly direct debit if required. Sometimes this is an important fact for a new beauty business
Levels of Product Liability Available
- Public Liability
As a business owner in the service industry you are liable should any of your customers be harmed directly by one of your products or treatments. You are also liable should an accident happen, for example a client slipping on a slippy floor. Should that customer decide to claim as a result of the accident then your business may be found to be liable for costs. Given that accidents do happen it is important to ensure you have the correct level of protection. Imagine if you are trying out a new product and you misjudged the strength which resulted in a client receiving minor skin burns or a skin irritation reaction. Your customer would have every right to make a claim against you and your business. Costs for personal injury claims can be financially crippling. Protect your business by having in place an appropriate level of public liability protection.
- Employer's Liability
Any employee in your service ( paid or unpaid ) are able to make a claim against their employer should they have an accident or a work related illness. Settlements claims for personal injuries can be extremely high and can easily cripple any business. In the UK It is normally a legal requirement to for an employer have employee liability protection. Employee liability protection will protect you against any claims that an employee may make against you for injury or illness on or off site. Car accidents during work may be covered by your car policy. In summary any business that employs one or more staff and that includes both full-time and part-time workers must take care of their employees by taking out employers' liability Insurance. Some exemptions do apply for example if the other party is also part owner of the business. These exceptions are rare and the safe approach is to check here and follow any advise given.
Salon Insurance Check List
- Take time to read your policy details, pay attention to both what is included and any exclusions that may be applicable.
- Do you need business equipment protection when you are providing service at a clients house. This type of cover will cover your valuable equipment against theft, loss or damage
- Work away cover, if you work outside your salon for example do you at times visit a clients house to provide a personal beauty service for special occasions. If the answer is yes then speak with your broker on how best include this extra cover into your policy.
- If you are currently renting premises do check with the landlord if it is your responsibility to take out buildings cover.
- Remember if you employ staff, full or part time you will be legally required to take out employers liability protection, very few exceptions exist.