There are four types of insurance that every salon should have to protect their business properly. These include:
Public liability insurance provides the necessary protection against your legal liability for injury to third parties (your customers) or in case of any damage to their property which they may experience during a visit to your salon.
Products liability insurance offers protection against your legal liability, compensation costs, and expenses in the unfortunate event that a client experiences injury or damage from using products that you have sold or supplied.
Employers’ liability is a legal requirement for all businesses if you employ full/part-time employees, contractors, casual workers or temporary staff. It secures protection for your business by safeguarding your legal liabilities to pay compensation for any injury or illness that your employees or trainees may suffer during the course of the business.
Treatment risk insurance tends to be an extension of the Public Liability section of your insurance coverage and can be tailored to provide cover for any injury to your customers or any damage to their property that arises out of the treatments you undertake. Depending on the services your businesses offer, you can get cover for any of the following treatments from most good small business insurers (particularly those who specialise in the hair and beauty industry).
Some of the most popular treatments that need coverage tend to include:
- Hair-cutting, colouring and styling
- Waxing and other forms of hair removal
- Nail art and treatments
- Skin care and facial treatments
- Deep tissue/aromatherapy massages
Depending on whether you own or rent your premises it’s also important to look into building, contents and stock insurance too.