The employees of a beauty salon who include stylist beauticians and manicurists, have to be licensed. In the same way, to operate a beauty salon, you must have a special license issued by the state. Some beauty salons rent out their space to the professionals who work as independent contractors. They own their equipment and grooming tools.

A beauty salon business is not immune to risks and challenges. Previously, beauty salons have been sued for hair damage, burns, emotional distress and negligence.

Cost of Beauty Salon Insurance

The standard price for general liability insurance for a small beauty salon depends on the location, size, revenue, experience, and claims history.

Hair salon insurance covers

• Nail spas
• Hair and beauty parlour
• Tanning salons and spas
• Cosmetologist

Why Beauty Salons Require Insurance

The beauty industry in the US is a gold mine with billions of revenue generated per year. It means there are just as many risks and challenges associated with the business.

Types of Insurance for Beauty Salon Business

Many beauty salons are owned and operated by individuals who are fresh from college and rely on the business for their livelihood. Beauty salon insurance offers you peace of mind to concentrate and market your business.  The knowledge that the beauty saloon has coverage from any unforeseen circumstances or mishaps is just as comforting.

Beauty salon policies include

General Liability

The policy provides coverage for your business against property damage and physical bodily injuries to third parties. For example, if a client falls in the salon and requires medical treatment, the policy pays for the medical bills and related settlement. Getting the maximum amount of coverage for this policy is essential for your beauty salon.

Commercial Property 

Regardless of whether you own the building or you rent, it is crucial to get coverage. The policy covers damage to the property and the contents inside of your beauty salon. For example, furniture, types of equipment and tools used, inventory etc.

Business Income

This policy covers loss of income caused by covered damage. For example, if a fire damages your beauty salon, the policy kicks in and pays to repair the business and replacement of any items. In the event the business needs to be relocated, the policy reimburses the relocation costs.

Workmans Compensation

Employees working in your beauty salon are covered under this policy. In case they sustain an injury or illness while at work, this policy covers medical expenses and income lost while your employee is seeking medical treatment