People visit hairdressers, salons and spas to be beautified and experience pure pampering. If you’re a small business owner of this kind of establishment then you’ll know that the majority of your customers will leave feeling utterly rejuvenated after being treated to a massage, facial or stylish new haircut.
However, there will always be occasions when everything doesn’t go to plan. A member of staff could forget to carry out a sample test resulting in a client having a serious allergic reaction to hair dye. Or someone might fall over and suffer a long-term back injury after slipping on a puddle of water that should have been cleaned up.
This is why it’s so important to have specialised hair and beauty insurance in place. Any public-facing business needs to take extra precautions when it comes to putting their SME insurance plan together.
Essential types of insurance for hairdressers and beauticians
Public liability insurance is an absolute must for those in the hair and beauty industry and should be a standard element to include. Small business insurance packages available at The Insurance Octopus will have you covered for public liability costs ranging from £1 million to £5 million.
So if a customer takes legal action after being hurt or having their property damaged on your premises you’ll be protected from the potentially huge financial fallout. Being unprotected in this kind of situation could easily result in business ruin.
Because of the nature of this sector, it’s highly recommended that you extend your public liability protection further to cover treatment risks specifically.
Other vital components of an adequate plan for this kind of business include:
- Employers liability insurance for claims made from staff members up to £10 million
- Business contents, tools and equipment to replace damaged or stolen items
- Personal accident insurance to handle the financial strain if you’re unable to work following an injury
- Business money cover for cash held on the premises
- Business interruption cover protecting you against damage or loss of earnings caused by factors such as fire, floods or storms
Get in touch with our dedicated team at The Insurance Octopus now for more information on bespoke health and beauty insurance plans.