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Hair and beauty insurance – What is it?
Running a hair and beauty business is all about making sure your clients leave you feeling absolutely great. It’s a feel-good industry, which is why thinking about insurance can often be left at the bottom of the list. Nobody wants to think about when things go wrong, but unfortunately, if an accident happens at work, or mistakes are made, you could be facing a compensation claim which could mean the end of your business.
Getting hair and beauty insurance need not be a complicated process. There are many providers offering specialised cover, so find out which is best for you below.
Who needs hair and beauty insurance?
If you offer any of the following services or treatments, you should consider taking out a hair and beauty insurance policy:
- Hair styling
- Cutting and colouring
- Eyelash extensions
- Manicures and pedicures
- Makeup artist
- Face painting
- Spray tanning
- Laser hair removal
- Waxing therapist
- Nail technician
- Hair extensions
- Mobile beauty treatments
What does it include?
Public liability cover
This is a vital part of protecting your business. Whether you work in a salon, or on a mobile or freelance basis, accidents can happen. If a client or other member of the public claims that they have been hurt on your premises, or as a result of something you did, they could claim compensation. Public liability covers these costs, and any legal fees arising from a claim.
Treatment risk cover
Imagine you wash off your client’s new colour to find that their hair has turned green, or worse, fallen out! If a client claims you have been negligent during treatment, or that something has gone wrong, treatment liability cover protects you financially so that you’re not left trying to cover any compensation ordered out of your own pocket.
Employers’ liability cover
If you operate a hair or beauty salon, the chances are you will employ staff members too. If so, you are required by law to take out employer’s liability insurance. This protects you and your staff. If an employee is hurt at work or makes a claim against you for any reason, then this type of policy will cover the costs.
How much does hair and beauty insurance cost?
The cost of your policy depends on many factors. Whatever your budget, there will be a policy to suit your needs, and this will vary depending on the amount of coverage you require, the size of your business, what type of treatments you offer, and your experience.
How can I get cheaper hair and beauty insurance?
The best way to get cheap hair and beauty insurance is to make sure that you compare a range of quotes. You may be able to save money by paying the annual premium costs in one lump sum, as this can sometimes work out cheaper than monthly payments too.
I’m offering a new treatment. Do I need to inform my insurer?
It’s always a good idea to tell your insurer if you decide to offer new treatments. It won’t necessarily mean you have to pay more, but if you find yourself facing a claim for a treatment your insurer has not outlined in your policy, you will not be covered.