If your dream is to open up your own salon, it is important that you secure your investment with the proper Salon Insurance. Several different aspects of salon-specific insurance need to be researched by shop owners in order to acquire the insurance that will keep their investment secure against several different foes.
Professional Liability
One aspect of Salon Insurance that separates it from the rest is the fact that shop owners need to insure themselves against possible suits from unsatisfied clients. If you perform a service for one of your customers such as color treatment or a haircut, that customer can file a complaint against you if they feel that you damaged their hair during the process.
If you do not have the proper Salon Insurance in place, just one such complaint can lead to a lawsuit against your business that could cost you a great deal of money. However, if you have the proper insurance, if ever a client files a suit against you, any settlement awarded them will be paid in full by your insurance company.
Property Insurance
When you are a shop (small business) owner, you are responsible for both your own property and the property of the beauticians that rent chairs from you. Acquiring the proper Salon Insurance will protect you against break-ins, thefts and robberies. In addition, shop owners can insure their salon machinery (dryers, sinks, etc.) so that in the event that they are broken or stolen during the course of business, the cost to replace or fix them will be covered by your insurance provider.
General Liability
Salons have a large number of clients coming in and out of their establishment every day.
Should one of those clients slip and fall during a visit to your shop, you could be liable for their injuries. For this reason, it is imperative that small business owners in the salon industry invest in general liability insurance. In the event that an injury does occur on your grounds, your insurance will pay all of the damages.
Worker’s Compensation
Clients are not the only ones with the potential to injure themselves while at your place of business. During the course of any given day, there are countless opportunities for your employees to hurt themselves while in your employ. Whether a slip on water that has pooled on the salon floor or it is a burn while using a straightening tool, salon owners need to protect themselves against the injury suits their employees may file against them.
Conclusion
Salon owners take on a lot of responsibility as soon as they open their doors to the public. Investing in the proper Salon Insurance is the single wisest move that a shop owner can make, as it will protect against the many possible damages and lawsuits that may occur over the course of your years in business. Peace of mind is essential for salon owners, as it will free them to both enjoy and expand their entrepreneurial venture. Salon Insurance will keep your property investment secure and your liability for the safety of your clients and employees under control.
