Whether you work in a salon or work from home it’s important to invest in hairdresser insurance. There are several kinds of policies to choose from, depending on where you work and what elements of your business you want covering. You need to find a comprehensive policy that offers you the best protection possible. The below will help guide through the decision and explain why insurance is important.
What it Covers
Let’s begin by explaining what hairdressers’ insurance covers. It offers protection for the property, equipment, employees, and clients, against damage. Hairdressing is such a versatile industry so each policy will look a little different, depending on your unique needs. For instance, salon policies will offer building coverage, whereas if you’re freelancing you don’t need to worry about that. Each hairdressers’ insurance policy can be designed to suit your needs.
Required by Law
Is hairdressing insurance a legal requirement? If you are employing people, you are legally obligated to have employee’s liability insurance. If you don’t employ staff, technically you don’t need insurance. However, it is still strongly recommended that you invest in a policy. Public liability insurance protects you if a member of the public is injured or has their property damaged while in your salon. It’s not just physical damage, but also emotional trauma. Do your policy research.
Accidents
Speaking of physical damage, it’s worth exploring how much risk is associated with hairdressing. There are lots of hairdressing accidents which could occur in your premises. This can include burns, misuse of chemicals, electric shocks, trips, and slips. You can’t predict when they’re going to happen so it’s important to be prepared for the worst-case scenario. You don’t want a single accident to end up severely costing your business.
Financially Secure
Those accidents listed above demonstrate that hairdressing can come with high insurance liability. If you haven’t invested in insurance one accident with a member of the public could end up costing your business a lot of money. Buying a comprehensive insurance policy can save you money in the long term. If you’re growing your business, it’s important to update your policy accordingly.
Peace of Mind
When dealing with members of the public, you don’t have control over what will happen. You can be an incredibly talented hairdresser but you don’t have full control over who comes in and out of your salon. Each day brings something different. By investing in hairdressers’ insurance, you’re giving yourself peace of mind. You can continue operating your business, knowing that if something goes wrong you’re protected.
Whether you work in a salon or operate from home, it’s important to invest in an insurance policy that suits the needs of your business. What else do you think is important to invest in as a hairdresser?