Salon Insurance: A Salon Owner Policy
As a salon or spa owner, you have an obligation to your employees as well as to the business you've worked so hard to build.
There's a lot at stake when it comes to your business — from financial investments to client contracts, employees who depend on you, and a host of other commitments that keep your enterprise in motion.
If something were to happen to it, could you cover the losses?
Salon Liability Insurance
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Salon Insurance Policy.
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What exactly is a Salon Liability Insurance ?
Salon liability insurance protects you from having to pay out-of-pocket when an unforeseen event causes a claim against you. When a third-party has an injury or their property damaged while using your salon service, they may hold you liable and demand you cover their costs. In some cases, this can include a lawsuit. BIP’s salon insurance provides you with stout coverage limits and an all-inclusive protection plan to help mitigate the risks involved in the business of beauty.
How much does salon insurance really cost?
Beauty Insurance Plus believes that insurance for salon owners should be easy to understand exactly what you’re getting and how much it will cost. Some insurance programs make you fill out a bunch of questions before they’ll even quote you. With Beauty Insurance Plus, we publish our rates so professionals can get in, get insured, and move on to the next item in their busy days. Current pricing options include:
Having the right coverage is vital to the success of any business and we're committed to bringing you the products and solutions needed to protect yours.
Business vs. Professional Insurance—Do I need both?
Professional Liability Policy: For Your Individual Peace of Mind
Protect yourself, your livelihood, and the career you've worked so hard for.
Whether you are working in your own salon, rented space, or work as an employee, Beauty Insurance Plus has you covered.
Cosmetologists, estheticians, nail technicians, barbers, and all professionals in the world of beauty offer multiple services to support their clients. To address that need, we developed an inclusive liability insurance program, tailored specifically to beauty professionals, so that you can continue to help your clients look and feel better.
Our program offers full protection for more than 350 beauty and wellness modalities, as well as professional business support and member benefits.
This program is meant to support the individual beauty professional and their coverage will follow them wherever they practice in or outside of the salon
How do I know how much coverage I get with salon insurance?
Our salon insurance coverage was designed to be all-inclusive, providing the best protections available for today’s salon owners, independent stylists, and independent small business owners. To do that, our salon liability insurance provides clear-cut coverage and no-nonsense pricing. Beauty Insurance Plus’s salon insurance policy provides coverage in the following areas:
- General and Professional Liability: $2 million per occurrence, $3 million individual annual aggregate.
- Product Liability: $2 million in total
- Rental Damages Coverage: $100,000
- Stolen Equipment Coverage: $1,000 (with a $250 deductible)
- Identity Theft Protection Plan: $25,000
Salon Insurance Frequently Asked Questions
In short - absolutely. You’d never drive your new car blindfolded and without insurance and then just hope for the best; but that’s exactly what running your own salon without insurance is like. You’ve put so much hard work and effort into this venture, protecting it is only logical for those wanting to make this a lasting endeavor. With a low annual rate and no hidden fees, Beaut Insurance Plus offers you the protection you need to do what you love with confidence, knowing exactly how much coverage you have and how much it costs.
In short - absolutely. Many salon owners own their business and provide all of the services themselves without employees. When it’s your reputation and career on the line, the personal protection salon insurance provides is a must-have for ensuring long-term success in the beauty industry.
Definitely. At Beauty Insurance Plus, we know the business of beauty is evolving constantly and our professional members need an insurance plan that’s designed for today’s environment. That’s why we provide a provision called portability in our salon insurance plans. This provision allows professionals to offer services in a rented booth, mobile salon, or even in their client’s home and their insurance plan follows them.
The three main types of salon insurance liability coverage include: general liability, professional liability, and product liability. Our salon insurance made for the real world also includes additional protections like stolen equipment coverage, rental damages coverage, and an identity protection plan.
All of the services covered under our extensive beauty salon insurance plan are covered only to the extent they are included in the scope of work as defined by your jurisdiction’s regulators. Simply put, while insurance coverage doesn’t necessarily require licensure, we aren’t able to provide coverage for services that you are not properly licensed to perform.
With Beauty Insurance Plus’s built-in portability provision, you can move anywhere in the 50 U.S. states and your insurance coverage wouldn’t change. As long as you are appropriately licensed and able to legally provide services in your new location, you wouldn’t have to do anything with your BIP salon insurance plan but update your contact information.
Right on our site, of course. We include comparison information for different salon insurance providers right on our website so professionals can see first-hand how our plan stacks up against other offerings. We do this because we’re confident our all-inclusive salon insurance plan is the best combination of coverage and affordability available and also the driving reason why so many salon owners and independent stylists rate our plan so highly.
Product liability coverage is vitally important with all of the different chemicals, tools, and other equipment used during the course of salon beauty treatments. When a product you use on a client causes them to have a severe allergic reaction, they may hold you responsible to cover all of their medical treatment costs or may even decide to sue you to collect these. With Beauty Insurance Plus, you get all the way up to $2 million for covered claims under your product liability coverage, including legal defense fees, if necessary.
After you’ve gotten set up with incorporating your business and getting all of the licenses necessary to begin operations, the next step is to get insurance to make sure you’re personally covered during the activities performed in your business. Even when you have no employees but yourself, insurance is a smart step when setting up your business. Covering yourself brings you peace of mind knowing your financial future is protected on all sides. Unfortunately, as soon as you open your doors, there are risks present for salon operators. Salon insurance provides the safety net needed to provide great beauty service with confidence.
After so many years insuring beauty salon owners and independent stylists, we’ve seen a lot of different ways our coverage plans were able to provide financial stability for our members. At its core, beauty salon insurance is a way to transfer risk away from yourself and onto your insurance provider. Running down our “big three” liability coverages, examples of claims can include things like:
General liability: A client simply slips and falls on some hair clippings on your floor and injures themselves in the process. Slip and fall lawsuits are all-too-common and run on average between $25,000 and $50,000.
Professional liability: During a busy day, you forget to sterilize your nail tools in between appointments and a client develops an infection as a result which requires medical care. A personal injury lawsuit could stem from an injury or illness a client received while in your care.
Product liability: During a salon facial treatment, the exfoliant you use causes the client to experience a severe allergic reaction and they need medical treatment. They then send you a bill requesting you to cover all of their medical expenses and lost wages when they also missed work.
BIP salon liability insurance covers hundreds of different beauty and wellness services all under one, all-inclusive insurance plan. Hair styling, skin care, nail decorations, and even massage are all covered to the extent that the professional is appropriately licensed to provide such services in their chosen location.