What is hairdressers insurance?
Finding the right insurance cover is a must for any business, no matter what industry you happen to be in. However, if you’re a hairdresser or you own a hairdressing salon, you are probably already aware that you and your business are exposed to a unique range of risks on a daily basis. Colouring can go wrong, scissors can slip and hurt a customer or one of your patrons could injure themselves in your salon.
This is where hairdressers insurance comes in. This is a form of business insurance cover that is specifically tailored for those who run hairdressing salons. Its designed to protect your business against a range of common business risks, as well as from a host of events specific to your particular industry.
Available from specialist insurers, hairdressers insurance offers security and peace of mind, guaranteeing the financial position and future of your business.
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Why choose specialised hairdressers insurance?
You may be wondering whether choosing a specialised insurance policy is really better than taking out a general form of business insurance cover. In this case, the answer is a resounding yes. While a general business insurance policy will offer a certain amount of cover, this will often be a limited amount of cover and not sufficient for the needs of your business.
A specialised hairdressers insurance policy is designed specifically with your industry in mind. It features cover for a range of unique risks associated with your business, from small incidences through to major events, allowing you to take out an insurance policy that has an adequate level of cover in place.
Dealing with a specialised insurer who is closely familiar with the ins and outs of the salon industry can make the claims process much easier. Rather than dealing with a general insurer who has little understanding of your industry, you can deal with a company with years of experience dealing with similar claims.
What are the risks associated with hairdressers
There is a wide range of risks associated with running a hairdressing salon. To start with, all businesses need insurance cover in place to protect against a range of common risks like fire, burglary, money, glass damage, business interruption and machinery breakdown. Public liability cover is also an essential consideration, ensuring you are able to cover any compensation you are required to pay for personal injury or property damage. Coverage for these potential issues must be considered by every business, no matter what industry they happen to operate in.
In addition to business risks, hairdressers are also exposed to multiple treatment risks. For example, what if one of your customers suffers a reaction to a hair dye you use and suffers a rash or burn? What if one of your hairdressers slips and cuts someone’s scalp, or if a customer suffers a lice infestation as a result of visiting your salon?
Hairdressers insurance is specially designed to offer cover for these unique risks, offering the security and confidence you need to run your business from one day to the next.
Though cover can differ between policies, hairdressers insurance typically covers the following:
- Public liability. If a customer sues after suffering injuries from a treatment you provide, or if after slipping and falling in your salon, public liability cover will offer protection.
- Property. If your salon is damaged or destroyed in a fire or a storm, your hairdressers insurance policy will offer cover to help you replace or repair your facilities.
- Contents. If the contents or stock in your salon is either stolen or damaged, your insurance will cover the cost of replacing those lost or damaged items.
- Money. If your business is burgled and money is stolen, your policy will provide coverage for the stolen cash.
- Glass. If your shop front window is broken by vandals or as a result of an accident, this will cover the repair or replacement cost.
- Business interruption. If your business suffers serious damage as a result of unforeseen events, such as a fire or earthquake, you may be unable to continue trading and will lose profits. Business interruption insurance provides cover for your lost profits.
- Other features. Coverage is also available for things like professional fees when you’re the subject of an Australian Taxation Office audit, or for losses resulting from employee dishonesty.
What does professional indemnity insurance for hairdressers usually cover?
Another form of cover some hairdressers may want to consider taking out is professional indemnity insurance. This is included in some comprehensive hairdressers insurance policies and offers an extra level of protection and security.
Professional indemnity insurance offers cover for professionals who provide advice or a service to their clients. This means you are protected if claims of negligence are made against you by a client, as this insurance will pay for the costs involved in your legal defence, as well as provide cover for any damages or compensation you are legally liable to pay.
The range of services hairdressers provide is quite extensive: cutting and styling hair, conditioning and bleaching, using a range of specialised equipment, trimming beards, offering hair care advice to clients and ensuring all equipment is properly sanitised and kept clean. However, if you were to make a mistake and find a customer had lodged a claim of negligence against you, this form of cover is designed to cover the costs involved in defending and/or settling the claim.
This gives you added peace of mind and confidence when conducting your day to day duties.
What are some Typical Hairdressers Business Insurance Exclusions?
There are a handful of general exclusions you should be aware of when shopping for a hairdressers business insurance policy. These include:
- Claims relating to acts of war, civil unrest or insurrection
- Claims relating to any act of terrorism
- Claims caused by or related to the business premises not being occupied for 30 consecutive days or more
- Claims relating to property damage to electronic data, or concerning the destruction, corruption or misappropriation of electronic data
- Claims arising from the use of the Internet or email
- Claims for consequential loss resulting from the delay or confiscation by customs or any other lawful authority
- False and fraudulent claims
- Claims for damage or liability that have been deliberately caused by an intentional act.
Who is covered by hairdressers insurance?
Home or Mobile Hairdressing
Home or mobile hairdressers obviously don’t need any cover relating to a physical salon. However, these types of hairdressers do have their own unique requirements, including the fact that many home and contents insurance policies exclude business activities being conducted at home. Speak to your insurance provider or an insurance consultant to tailor the coverage to your needs.
As barber shops generally do not perform the same range of extensive and complex treatments as other businesses in this sector, the risks they are exposed to and their insurance needs are generally reduced. Barber shop business insurance generally offers a basic level of cover, with protection for things like public liability, property and glass damage.
The treatment risks facing beauticians are many and varied. With all the services beauticians perform—from waxing to chemical peels and everything in between—comprehensive cover is generally required. Look for a package that covers a wide range of liability options and doesn’t exclude any essential factors.
Taking out hairdressers insurance is a vital consideration for anyone who runs a hairdressing salon. Business insurance for hairdressers is specifically designed to meet needs unique to the industry, so make sure to shop around to find the right policy option for your business.