Barber shops offer services based on appointments or walk-in clients. Customers depend on barbers for professional services to help them look their best. cost of barbershop insurance

Cost of Barbershop Insurance

The standard price for a general liability insurance policy for a small Barbershop depends on the location, size, experience,  products and types of equipment used and sales.

Types of Insurance Coverage for a Barbershop

Clients visit barbershops to cut, trim or style their hair only to be dissatisfied by the results. In the past, clients have filed legal claims based on emotional distress or time wasted. Some of the claims are unsubstantiated and are likely to be thrown out of Court. However,  the cost of defending your reputation and business can cause financial losses, especially if you are paying the legal fees out-of-pocket. The right insurance for your barbershop will cover such claims and pay the legal fees.

Here are some policies that are basic for a barbershop

Professional Liability Insurance 

This insurance covers your customers from errors and omissions caused by your services resulting in emotional anguish. It pays legal fees and settlements or damage awards.

General Liability

The policy protects your barbershop from lawsuits caused by third-party property damage and personal physical injuries.

Workers compensation

The workers in your barbershop, for example, the janitor or barber are covered under this policy. In the event they sustain a work-related injury, the policy pays for medical costs and income lost.

Product liability insurance

If a service offered by your barbershop causes harm to a client, the policy kicks in and pays for the claims and covers the legal fees.

Contents coverage

As a barbershop owner, this policy covers the equipment in your barber shop from loss and damage.

Other coverages that you can add include

• Cyber liability
• Business income
• Commercial umbrella coverage