Insurance for your salon is one of the many considerations you will have to bear in mind if you run a hair or beauty business. It may seem like another bill to pay, but there can often be distinct advantages to salon cover. Here are few of them.

Proper insurance gives you peace of mind

Knowing that certain risks are covered will enable you to get on with running your business, safe in the knowledge that the fruits of your hard work are protected from claims or damage/repair bills.

Financial security

The types of claims that can keep salon owners awake at night are public liability claims, and claims from employees. Public liability claims typically relate to actions by third parties that you might come across in the course of your business. For example, claimants may include customers and visitors to your premises, such as someone who is injured when tripping over an electrical wire. They may claim for personal injury.

Would you be able to find this amount from your business’s financial reserves? If a salon is uninsured, the owner has to come up with the money from his own pocket. It’s a sad fact that many salon owners cannot meet such claims in their own right, and face losing the business they have worked so hard to build in the event of a successful claim. In this case, public liability insurance, which is not compulsory by law, may help.

Employees may also claim for accidents and injuries sustained at work, which can run to tens, if not hundreds of thousands of pounds. On top of the damages claimed, the salon owner may typically have to pay the legal fees of the successful claimant, which will be several thousand pounds in themselves. In this case, employers’ liability insurance may help towards these costs. It is, in many cases, a legal requirement too.

When you are getting quotes, consider whether the types of cover discussed above are included in the salon insurance being offered. Some providers will offer public liability insurance as part of a standard business insurance policy, for example.

Professional help

When you are looking for an insurance provider, choose one with professional staff who can assist you with your requirements. This makes the whole process of arranging cover easier, not to mention the fact that the stress is reduced if you have to make a claim if the insurer has helpful people at the end of the phone.

Where do I look for salon insurance?

Visiting a specialist insurance website, which deals specifically with Small to Medium Enterprises, may help you find a suitable salon insurance deal.

Fiona Kent is the Marketing Manager at yourinsurance.co.uk, specialist insurance brokers providing public liability cover for small and medium sized businesses. Catering for over 500 professions, to complex public house and multi-location retail businesses, We are experts in ensuring you have the right business insurance in place.