Running a salon can be incredibly rewarding. Most are busy, friendly environments where talented professions can be creative – and take great satisfaction from leaving customers looking and feeling great.
But, like most businesses, salons are exposed to an array of risks. If something goes wrong, the consequences can be disastrous – from unhappy customers and unexpected costs to loss of reputation and even closure.
That is why insurance is so important. For businesses of all shapes and sizes, insurance is there to step in when the worst happens, protecting businesses and livelihoods from the unexpected.
However, insurance is only really effective if it truly protects against all the main risks facing as business, and salons are no different. For instance, it is all too easy to simply take out insurance to protect premises and property in the event of incidents like theft, fire or flood. But that is only part of the picture.
In fact, salons face a number of other potentially serious risks – not least illness, injury or accident affecting a member of staff or customer. There are specialist risks too, for instance related to the use of chemical treatments, which can result in everything from chemical burns to serious allergic reactions. Therefore, it is important to obtain the right insurance to help protect you and your business from potential liability claims and the associated costs involved.
To guard against those kinds of risks, there are three types of liability insurance you may need for your salon.
- Employers liability insurance: If you employ people, this cover is usually a legal requirement. It is there to protect you and your business in the event a member of staff is injured or falls ill while at work. It can cover legal defence costs and any compensation awarded against you should the affected staff member take legal action against you.
- Public liability insurance: This cover is usually a really important one for salons. It steps in to cover legal fees and compensation if a customer, supplier or member of the public suffers injury or illness – from slips and trips to allergic reactions and burns – while in the salon.
- Products liability insurance: If your salon makes or sells hair or beauty products, this could be an important cover too. Again, it can cover legal fees and compensation, this time in the event that a customer is injured or made ill by a product bought from your salon.
Make no mistake, these are very important covers. Without them, accidents or incidents affecting people in the salon, or using your products, could leave you facing significant, and unexpected legal fees, and even a bill for compensation.
So, these are the three main types of liability insurance cover that may be needed within the salon, to protect both your livelihood and your peace of mind against the unexpected.
Quotes from well-known and specialist insurers, including: