Hair and Beauty Salon Insurance

Types of Insurance

Types of Insurance -  Condo Insurance

Add-Ons and Bundles

 Discounts - Condo Insurance

FAQ

Glossary -  Condo Insurance

Types of Hair and Beauty Salon Insurance

Commercial General Liability Insurance

Coverage for common risks.

Includes

  • Customer-sustained injuries
  • Damaged customer property
  • Advertising injuries

Typical Cost & Factors

  • $600-$1000 per year
  • Depends on coverage needs, staff size

 

Commercial Property Insurance

Coverage for risks to property.*

Includes

  • Fires
  • Vandalism and break-ins
  • Water damage

Typical Cost & Factors

  • $600-$1000 per year
  • Depends on value of property

 

Professional Liability Insurance**

Coverage for professionally performed services.

Includes

  • Allied negligence
  • Loss of personal information
  • Associated legal fees 

Typical Cost & Factors

  • $800-$1100 per year
  • Depends on services provided

Workers’ Compensation Insurance

Coverage for employee injury.

Includes

  • Medical bills for job-related illness or injury
  • Wage replacement during recovery time

Typical Cost & Factors

  • $800-$1200 per year
  • Depends on number of workers, level of occupational risk

    *Consider home-based business insurance if you run a salon out of your house.

    **Also called Errors and Omissions Insurance.

    Add-Ons

    Utility Interruption Coverage

    A Utility Services Exclusion found in many Commercial Property Insurance plans means that without this coverage, you will not be compensated in the case of a power outage resulting from something outside your business, like a knocked power line.

    Equipment Breakdown Coverage

    Vital machinery from curling irons to tanning beds to air conditioning can be damaged by power surges or mechanical breakdown, which are often not included in, but can be added to, Commericial Property Insurance coverage.

    Extra Expense Coverage

    After properties have experienced a physical loss, like a natural disaster, Commercial Property Insurance may cover the costs to repair the location, but will not cover the costs of moving to a temporary location to keep business running without Extra Expense Coverage.

    Bundles 

    Many insurance plans are commonly bundled together for simplicity and a cheaper rate.

    Business owner’s policy (BOP)

    A popular option for small businesses like hair and beauty salons that combines Commercial General Liability insurance with Commercial Property insurance, usually at a cheaper price than if the two were purchased separately.

    Frequently Asked Questions

    Do we insure people with many claims?

    Yes! We have select carriers for people who have many claims or a bad record.

    What payment methods do we accept?

    Payments through a mortgage, direct billing through mail, EFT (Bank Account), debit and credit cards.

    How can I file a claim?

     We strongly recommend calling us before the insurance carrier directly about a claim. You may not want to file a claim depending on your insurance plan. However, we will assist you in filling a claim the best way to make sure you take the least amount of damage possible to your insurance score. After talking with us, you can call the insurance carrier or let us call them for you.

     

    If you can’t find your answer here, please don’t hesitate to ask a representative through our messaging system or email.