Beauty Salon Insurance
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.
Suppose your salon offers treatments like cosmetic tattoos, skin needling, and laser to your clients. In that case, 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, and 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.
What is Beauty Salon Insurance?
Beauty salon insurance is often a combination of public liability & professional indemnity insurance depending on the level of cover you require. When sourcing a beauty salon insurance policy, 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 your beauty therapy insurance is 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 without 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 personal unjust 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 beauty therapist 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 client's Gucci handbag or on their clothes.
Suppose a client is to claim against your business and you are found to be negligent. In that case, your insurer will pay to repair or replace the property damage caused, or in the event of a personal injury claim, the insurer will pay for their medical expenses. It 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. A beauty treatment insurance will help take some of the stress away.
Without public liability insurance, a claim made against your business can be financially devastating. That is why it is essential to protect your business with public liability insurance.
Professional indemnity insurance
As a professional in the cosmetics industry, it makes sense that you also need Professional Indemnity Cover, as well as Beauty Parlour Insurance and the other covers mentioned above. This particular policy keeps you protected if a client complains about a procedure performed by yourself or an employee. This type of beauty insurance 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, being accused of suggesting a specific treatment (based on your evaluation) that damages the client’s skin or hair – this is where a beauty salon insurance is needed. In all of these cases and many more, Professional Indemnity Cover reduces your risks by covering court costs and court ordered compensation.
How much is beauty salon insurance?
Insurance premiums vary between insurers and the price can often change depending on the treatments you perform. When sourcing beauty salon insurance you will often be asked to provide information such as turnover, staff numbers, salon location and insurance limits, this is because this information helps determine the premium.
General Property Cover
If you offer a mobile service to your clients, you need General Property Indemnity to cover your equipment and stock on the move (you might also need Mechanical Equipment Insurance). General Property Indemnity covers you for damage or loss to your stock or equipment from fire, theft and collision. For theft however, our beauty insurance 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 through our beauty treatment insurance.
Commercial Motor Cover
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 Cover but can be extended to include signage on your vehicle. If you do use your own personal vehicle for commercial purposes and do not have the right type of beauty insurance (i.e., Commercial Vehicle Cover), your provider is very unlikely to accept any claims made for theft or collisions.
Business Pack Insurance
Salonsure’s Business 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 Therapy Insurance. This Indemnity 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 Indemnity that covers your financial outgoings in case your business can no longer trade due to a disaster. Then there is General Property Cover and Public Liability, as well as cover for tax audits, goods in transit, theft of money and glass breakage. As you can appreciate, it is often a good idea to start with our Business Indemnity Pack from our beauty parlour insurance service and then add on additional policies as needed.
How do I get a beauty salon insurance quote?
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 07 3135 7436.