Beauticians are responsible for service errors and unsatisfactory results. They also risk the loss, theft or malfunction of expensive equipment. A carefully considered insurance plan is especially important for beauty professionals.
A good insurance policy must first cover the essentials. Property insurance protects the building, and the salon contents. Covered property can include furnishing, fixtures, inventory, computers, and records. Items can be replaced or repaired. Coverage can be tailored to include the owner's itemized inventory of cosmetic equipment, and may include protection against theft. Personal effects may also be reimbursable. Equipment that malfunctions, or damage to the salon's structure, can interrupt business. The holder may be reimbursed for resulting loss of income. This kind of cover protects the business owner from disasters such as fire or flood.
Protection against legal action must also be included in a salon insurance policy. Public liability cover is essential. If a customer sues the owner for negligence, liability insurance covers the expense. Treatment cover pays for correcting errors of service, such as mistakes during risky hair dye, tint, or bleach procedures. Some eligibility qualifications may apply for treatment cover insurance.
Employers' liability takes care of legal fees and compensation if the owner causes an employee injury or illness on the job. Coverage for uninsured part-time or temporary workers pays for their treatment errors. Finally, legal expenses can be covered if the holder is accused of discrimination or unfair handling of a workplace dispute.
Many service errors are not the responsibility of the treatment provider. Cosmetic products are sometimes faulty. And other products are known to cause allergies in sensitive individuals. Beauty professionals take a calculated, minimal risk of an undesired result. Salon owners concerned about receiving defective products, or the potential for adverse reactions, might consider product liability insurance.
Having considered the most important types of cover in a salon insurance plan, the owner should be certain that all the salon services he offers are covered under the plan he purchases. Because salon owners have complex insurance needs, it can be a challenge to identify the best plan. Ideally, each type of critical insurance can be consolidated into one ideal package.