Do you need beauty salon insurance? As the owner of a salon offering a specific list of personal treatments to your clients, you understand that reducing your risks is one of the keys to your success. At Salonsure, we help you to reduce these risks by providing a suite of insurance policies designed explicitly for your business.
If your salon offers treatments like cosmetic tattoos, skin needling and laser to your clients, then you not only need this type of insurance, but you also need Public & Products Liability, Professional Indemnity, and even General Property Insurance and Commercial Motor Insurance as well. We will also take a look at our Business Insurance Pack, as it covers many of these insurances for your business. Let’s start by looking at beauty salon insurance, then we will move onto the other insurances previously listed, so you have a comprehensive overview of the insurance policies you need to protect your business.
Beauty Salon Insurance
When sourcing a Public & Products Liability insurance for a beauty salon it is important to read through the exclusions shown on the policy schedule. Not every insurer will cover every treatment you may perform so it is important to make sure every treatment is covered. The best way to find out if you are unsure is to talk to your broker. It is common for treatments such as solariums, body piercings, henna, lymphatic drainage massage, laser and cosmetic enhancements such as injectables to not be covered.
Here at Salonsure, our team will ensure you are adequately covered to meet your business needs.
Beauty salons tend to have a lot of stock and contents and often wouldn’t be able to operate with out them. Obtaining the right beauty insurance to protect yourself in case of a fire or theft is essential. This type of cover would fall under the property and theft section on a business pack insurance policy.
Public & Products Liability Insurance
Public & Products Liability insurance is designed to protect your business in the event of an unforeseeable accident in which a third party obtains a personal injust or property damage due to your negligence.
Considering beauty and hair salons will spend all day treating clients with facials, massage, waxing or hair colouring, public liability insurance is important. This type of insurance will protect your salon in the event a third party obtains a personal injury during treatment or simply while in your salon. It will also protect your business in case you damage their personal belongings, for example, you might accidentally spill wax onto your clients Gucci handbag or on their clothes.
If a client is to claim against your business and you are found to be negligent, your insurer will pay to repair or replace the property damaged caused or in the event or a personal injury claim, the insurer will pay for their medical expenses and could even pay for forms of compensation.
Whether you have a salon or a mobile business, claims made against your business can be very stressful. Public Liability insurance will help take some of the stress away.
Without public liability insurance, a claim made against your business can be financially devastating. That’s why it is essential to protect your business with public liability insurance.
Professional indemnity insurance
As a professional in the beauty industry, it makes sense that you also need Professional Indemnity Insurance, as well as Beauty Insurance and the other insurances mentioned above. This particular policy covers you if a client complains about a procedure performed by yourself or an employee. This can also include advice given to the client, accidental breaches of confidentiality, defamation and loss of client documents.
Examples of these claims can include severe reactions (despite performing a patch test for a certain treatment), infections resulting from a pedicure, bruises from a massage, or being accused of suggesting a specific treatment (based on your evaluation) that damages the client’s skin. In all of these cases and many more, Professional Indemnity Insurance reduces your risks by covering court costs and court ordered compensation.
General property insurance
If you offer a mobile service to your clients, you need General Property Insurance to cover your equipment and stock on the move (you might also need Mechanical Equipment Insurance). General Property Insurance covers you for damage or loss to your stock or equipment from fire, theft and collision. For theft however, it usually doesn’t apply if you left the door of your car open and someone stole the contents, it needs to be a forceful entry into your vehicle. You can ask for an ‘open air’ policy that applies if you leave your car unlocked, but this usually comes with higher premiums.
Commercial motor insurance
A mobile business means that you need a commercial vehicle or a vehicle that is used for commercial purposes, so you will also need Commercial Motor Insurance. This is similar to your Personal Car Insurance, but can be extended to include signage on your vehicle. If you do use your own personal vehicle for commercial purposes and don’t have the right type of insurance (i.e. Commercial Vehicle Insurance), your provider is very unlikely to accept any claims made for theft or collisions.
Business insurance pack
Salonsure’s Business Insurance Pack is designed to make your life easier. It includes a suite of policies needed by most businesses and can be extended to include specific coverage, such as beauty Insurance. This insurance pack covers buildings you own or lease for your business, as well as any contents and stock. Loss or damage due to forceful theft is covered, as well as machinery breakdowns.
It also includes Business Interruption Insurance that covers your financial outgoings in case your business can no longer trade due to a disaster. Then there is General Property Insurance and Public liability, as well as cover for tax audits, goods in transit, theft of money and glass breakage. As you can appreciate, it’s often a good idea to start with our Business Insurance Pack and then add on additional policies as needed.
Luckily obtaining a Beauty Insurance quotation in Australia is relatively easy. All you need to do is contact us via the links below or call us on 0480 154 701.