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4 Reasons Why Beauty Salons Need Business Insurance

As the owner of a beauty salon, you offer your clients more than just a haircut. You offer them atmosphere, variety and quality care. Your clients can get their hair cut and colored while a manicurist does their nails and an esthetician warms up the wax.

Your beauty salon is a one-stop shop for your clients’ every beauty need. But, as is life, things can go wrong, no matter how high-standing the professional services you offer are. Business insurance for beauty salons will protect your business against the angry client who had an allergic reaction to the hair dye or whose eyebrows were waxed too thin.





These aren’t the only reasons you’ll need business insurance to help you run a successful beauty salon. Read on for four more reasons!

The beauty products you sell has been recalled. To help your salon turn a better profit, you sell hair and beauty products in your store. To get your clients to consider buying said product, you use it on them during their appointments and tell them why you only use said brand.

Skip ahead a couple of months and the product you sell has been recalled. This recall can cause you to lose business as your clients will feel that you didn’t vet the product well and instead put your profits above their safety. When your clients start to drop, so will your business. Business insurance covers business interruption. This means that if your business suffers a financial loss as result of the above, your insurance will pay for the losses. Without this insurance, you could lose your business. Isn’t it better to protect against what-if scenarios rather than to tempt fate?

A stylist accidentally burns of a chunk of client’s hair with a hair straightener. Busy chatting and having a good time with the client sitting in their chair, one of your stylist’s accidentally burns off a chunk of the client’s hair with a hair straightener. The client’s medium-length cut must be turned into a short bob, and they leave the salon sobbing.

One of the common reasons a client will sue your salon is when a stylist has ruined their hair. When you’re served with a lawsuit the following week, you’ll be happy that you have professional liability insurance to help you pay for litigation and, worst case, restitution.

The salon suffered fire damage due to the use of flammable products. The back room of your beauty salon where you store the hair dye, essential oils, nail polishes and other flammable chemicals is a powder keg. If precaution is not taken, it could all go up in flames. Should you or an employee accidentally cause a fire by leaving a lit candle too close to the hair dye, small business property insurance will cover the damages. Fire damage costs an average of $12,000. Without insurance, could you pay for that out of pocket?

Salon equipment breaks down and needs repairs. A salon station can cost as much as $4,000. If the hair dryer should stop working or the salon chair should fall apart, you’ll be forced to use another work station or close up shop until you’re able to repair or replace the equipment. Small business insurance covers the costs of the repairs or replacement in a timely manner, getting you back in business.

Keep your beauty salon business going strong with small business insurance. Visit CoverHound for a free quote today!

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