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What is nail salon insurance?
Insurance might not be the first thing you think about if you run a busy nail salon, but it’s a vital part of any business plan. As well as creating incredible nail designs for your customers, you need to make sure that you are protected if anything goes wrong with a nail treatment.
Having the right insurance policy protects all aspects of your business. So if you specialise in gel nails, acrylics, powder nails or shellac, the right insurance policy means you can focus on looking after your clients knowing that you won’t be left out of pocket.
What type of insurance do nail salons need?
Business insurance policies for nail salons will include cover for the main risks associated with running a nail bar.
Public liability cover
Even with the best will in the world accidents can happen in a nail salon. All it takes is for a customer to trip over a bag and injure themselves, and you could find yourself with a bill for compensation.
Public liability insurance covers claims from third parties for injury or damage to property. So if you spill acetone on someone’s clothes, or polish into their handbag, you won’t need to worry about costs.
Nail salon treatment risk cover
Hopefully, all the manicures you offer in your business will result in happy customers. But occasionally, things can go wrong. If a customer suffers an adverse reaction to the bonding agent, or you accidentally file down too far during a manicure, treatment risk insurance will cover any costs arising.
Employers’ liability cover
If your nail salon employs any staff, you’ll need to make sure you have employers’ liability insurance in place. This policy will pay out if a staff member makes a claim. It’s not just for full-time staff – you’ll need this cover even if you only have part-time employees or apprentices too.
The contents of your nail salon will be expensive to replace if they were damaged by events beyond your control. If your nail bar suffers flood or fire damage, contents and stock insurance would cover the cost of replacing all your stock, so you can get back up and running for your loyal clients sooner.
What other types of cover might nail salons need?
As every business is different, you’ll need to check with your insurer that you have the coverage you need. If you offer other beauty treatments as well as manicures and pedicures such as spray tanning, this could affect the cost of your policy.
Other insurance covers which might benefit nail salon owners include:
- Money or Takings cover
- Products liability cover
- Loss of income insurance
- Buildings insurance cover
- Legal expenses cover
How much does a nail salon insurance cost?
There is no fixed price. The cost of your policy will depend on the amount of coverage you need, and the details of your business. Make sure you compare quotes from different nail salon insurance providers, to get the best possible price, and only pay for the coverage you need.