When operating a beauty salon, getting business insurance coverage to protect your salon should be top priority.
General liability insurance protects your business from financial strife of customer's legal or medical costs for injuries while on your business’s property. This will cover your legal defense and the costs associated with the loss if you are found liable, up to your policy limits.
Property damage, whether it is from fire, extreme weather conditions, or natural disasters, flood from severe rainstorm, property insurance would cover the cost of repairing or replacing your business-related property including structural damage to your building and the business materials you store there.
Workers compensation insurance is required by law in most states of the US. If an employee is injured in a work related accident, workers compensation will pay for their medical care and recovery expenses. Your business will also not be responsible for the damages or sued by your employee.
Professional liability insurance provides coverage against negligence claims due to mistakes or failure to perform. As a professional, there is always the risk that one of your clients will decide that your services have caused them harm. If a client sues your business, this coverage will pay for your legal expenses.
Product liability insurance protects your business from lawsuits over the products you sell. It will pay for your legal fees if you are sued by a customer who claims your products caused them harm.
Beauty salon businesses may store sensitive information about their employees, stylists, manicurists, and clients which can include Social Security and debit/credit card numbers. If this information is lost or stolen, it could leave your salon business vulnerable to lawsuits and a damaged reputation.
The beauty industry is all glitz and glam on the outside with lots of serious business on the inside. While you may have faithful customers and always follow directions, accidents happen all the time. While you focus on your customers and your business, it’s important to have the right beauty salon insurance to protect you from financial losses.
As the owner of a beauty salon, you are in charge of a busy environment that sees many customers come through your door each day. Having the right insurance coverage can help your business grow and thrive.
Running a salon business without insurance is taking a mighty huge risk. Our broad, tailored coverage options and enhancements are based on our deep knowledge and experience in the beauty salon insurances, and specifically designed to meet the needs of our customers.
At Business Insurance Agency, we will take the time to get to know your business and assess the risks involved in your business, and can assist you with the right coverage options you need at an affordable price.
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