As a current or aspiring spa and salon owner, cutting down on business risks is essential for your success. Spa and salon insurance is a great investment to help you protect your reputation and revenue stream, so here are four coverage types that we recommend.
- General Liability Insurance
From slip-and-fall accidents to spa service mishaps, it’s important to have GL Insurance. If anyone gets hurt on your property, they will likely file a claim against you, which could damage your business’ reputation and cause you to lose customers. Investing in liability insurance can protect you from such occurrences and potential financial hardships.
- Product Liability Coverage
According to Statista, 65% of U.S. female consumers use skin care products daily. If a client has an adverse reaction to the products you use in your establishment, you could be in hot water. Product testing aside, it’s possible that some clients may have sensitivities that you don’t know about. This is why it’s important to invest in product liability insurance to cover against claims.
- Malpractice Insurance
Malpractice insurance is a specialized type of insurance that covers technician and physician liability arising from disputed services that result in a patient’s injury or death.
- BPP Coverage
This type of insurance, also known as commercial property insurance or business personal property insurance (BPP), helps protect the equipment and business property at your salon/spa. Examples include computers, furniture, and inventory.
Now that you’ve identified the value of salon and spa insurance, if you have questions about how to protect yourself and your business, Allied Beauty Experts can help. Simply call 1-800-444-7546 to speak with one of our experts or get a Quick Quote. Our goal is your success.