Hairdressers, barbers, tanning salons and cosmetologists are the business types that need salon insurance. But their specific insurance needs may vary.
For example, a salon that styles a bridal party's hair at the wedding venue might need different hair salon insurance than a barbershop that only takes appointments in-house. To get more details about salon insurance you may check it here.
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A good place to start is with a business owner policy (BOP). This usually includes liability insurance, business property insurance, and business income insurance. Then you can add other types of personalized cover.
Some of the basic salon insurance every salon should have are as follows:
General Liability Insurance:
Liability insurance covers the business lounge for injuries and property damage. For example, if someone is accidentally cut during an appointment or you damage the property of another while visiting the home of a client.
Business Interruption Insurance:
If a problem is covered by your policy, like a fire in your room, forcing you to temporarily close or relocate, it helps to cover expenses. It can also help replace lost income.
Commercial property insurance:
This protects your building and contents problems such as fire, hail, theft, and vandalism. It also generally covers signs and outdoor enclosures. Contents may include lounge chairs, towels, and computers.