If you are a self-employed hairdresser and you ask yourself: “do I need hairdressing insurance?”, the answer is yes. Barber insurance is an umbrella term for a variety of insurance products that can protect you, your business, and your clients against accidents, damages, and losses. Some insurance providers will bundle custom coverage for your hair salon business into one policy.
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You could consider yourself a stylist, barber, barber, or hair and beauty consultant. Regardless of how you describe your profession, you will need some level of insurance. But buying business insurance doesn’t have to cost a lot and it’s not necessarily a complicated process. It’s easier than ever to research the market online and decide what level of coverage suits your specific needs.
Here, we’ll look at some of the different types of insurance available to barbers to help answer the question: what level of business insurance do I need?
why is salon insurance important?
As a hairdresser, dealing with the public is an integral part of your job. Your customers come to you for a gift, to relax, to feel better about themselves, and to generally have a positive experience. they trust you to take care of them and do the best job possible. Part of this is making sure you have insurance that covers the costs involved in case you are injured or your belongings are damaged in an accident.
No matter how experienced and careful we are, accidents can happen to anyone, and when working with the public, you may find yourself on the receiving end of some very expensive legal action if the worst were to happen as a result of your work practices. If you’re not insured, your business won’t be able to cover the costs and you could end up broke. And it’s not just your customers who are potentially at risk; it’s you, your team, the building you run your business from, your employees, and your vehicle.
types of insurance to consider
business civil liability insurance
We’ll start with this one, as you’re legally required to take out employer liability insurance if you have staff. This variety of business insurance will cover you for accidents involving your staff while they are at work. If you don’t take out this insurance, as an employer you can face penalties totaling up to £2,500 per day while you’re uninsured.
Cases of employees claiming compensation from their employers if they become ill or injured as a result of their work are well documented. It’s up to you to purchase liability insurance to protect yourself, your business, and ultimately your employees if you find yourself in this unfortunate situation.
civil liability insurance
Any business that deals directly with the public needs to purchase liability insurance. As a hairdresser, you are applying chemicals to people’s hair, using scissors, razors, straighteners, and other potentially dangerous equipment. there is also the risk that members of the public will simply trip, slip or fall while visiting. It’s easy to see how accidents can happen and how that could lead to an expensive compensation claim.
civil liability insurance
This takes your liability insurance a step further and protects you against accidents and damages caused by the specific treatments you offer.
If you have your own salon, then buildings insurance is another product worth getting some quotes for. If the building were damaged to the point where you could no longer open for business, you would lose money very quickly. plus, the cost of fixing everything and getting it back up and running could also run into the tens of thousands of pounds. If you’re not willing to take that risk, then creating insurance is a no-brainer. If you have a commercial mortgage on the property, building insurance will be required by your lender.
It could be that you work as an itinerant hairdresser, performing services in the homes of your clients. in this case, the vehicle you use for work is an essential piece of equipment. While you’re legally required to insure your vehicle, make sure you have adequate coverage to repair or replace both the vehicle and its equipment as quickly as possible if a problem occurs.
As with home insurance, it makes sense to insure the contents of your salon or business premises. In the event of theft or fire, for example, you could lose equipment, fixtures and fittings that you can’t afford to replace. most policies will cover you for around £250,000 worth of contents.
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specialized equipment insurance
Insuring the expensive, specialized equipment you use against damage, breakage or theft can mean you don’t have to stop working if, for example, your car is broken into and your work bag is stolen. The peace of mind that this insurance gives you can really make a difference in your work as a freelance hairdresser.
other types of insurance worth considering
There are other forms of insurance that might be worth considering, depending on how you work and operate your business. If, for example, you run your hairdressing business from your own home, you may need a specific type of insurance to cover you in case of accidents, damages or losses.
Additional insurance is also available that is specifically designed to cover the costs of tackling expensive legal cases for added peace of mind.
conducting a risk assessment
Perhaps the best way to decide what level of salon insurance you need is to carry out a risk assessment of your business. Carefully consider the risks that affect you and the specific way you work. take the time to closely research the barber insurance market to help you get an idea of the types of insurance products available.
It’s worth remembering though, when it comes to running a business, it’s always better to be safe than sorry.