There is no set policy, no matter what the salon insurance costs, that provides the entire cover as standard. For a start, there are so many different types of salons, ranging from hair salons, hair extension salons, salons specialising in beauty treatments, nail salons, slimming salons, massage salons and tanning salons. Most however, have one thing in common, and that is they specialise in female beauty. Not that men keep away from salons; the modern man certainly goes out of his way to keep trim, tints to hide any grey hair and professionally manicures his nails. Beauty products now go all out to attract male buyers, and many men thoroughly enjoy having a facial or a massage.
With all this on the go, it is definitely essential to weigh up salon insurance costs. The two most important items of insurance for consideration are
• Public Liability insurance to cover your business in case of customer injury or else their property damaged through your business. The claim for these costs could be large, and without insurance, your business stands a chance of being crippled financially.
• Employer’s liability insurance to cover staff in your employ for illness through the business, or any injury on the premises, and legal expenses, should they occur. Employer’s liability insurance is a requirement by law.
There, are several optional cover types for salon insurance worth looking into as protection for the business, when you are considering buying insurance and are weighing up all the costs involved.
• Professional indemnity,
• Your business equipment
• Cover for your stock
• Cover for employee theft
• Revenue protection
• Fixtures and fittings
• The glass front of your premises
Starting a business is not just a case of opening the doors for the type of business or salon that you want to be in; there are licences, insurance and other cost factors that you have to take into account as well. Even if your salon is a home run business, you have to think about insurance and other costs carefully before you start. You stand the same chance of things going wrong at a home salon as you do in a salon situated inside a commercial building.
Look up salon insurance costs and get quotes at specialistrisks