Do Hair Salons Need Commercial Insurance?

When it comes to making good money, one of the most commonly overlooked careers is that of a hairdresser. In fact, did you know that some hairdressers make upward of $45,000 a year? That’s quite a bit of money, especially when you own your own salon and you don’t have to pay to rent a hair station from someone else. As a hair salon owner, though, it is of the utmost importance that you take into account the various types of insurance you need to invest in, with one of them being commercial insurance. For now, let’s take a quick look at the benefits of commercial insurance for hair salons. 

With a commercial insurance policy, you will receive general liability insurance, which is extremely valuable to those who own a hair salon. With this type of policy, you will have coverage for claims related to libel or slander, negligence on the part of you or your employees, harm due to faulty products, and more. Another excellent reason to have this type of insurance is because it will provide coverage in the event that someone is injured on your business property. 

As the owner of a salon, you have unique circumstances that point toward the need of having commercial insurance. For example, if a customer was to endure severe burns because of a certain dye you used, then you may be responsible for covering the accompanying medical expenses. With a commercial insurance policy, you can have peace of mind in knowing you won’t have to dip into your own pocket to pay for these expenses. 

To learn more about commercial insurance for your salon, please contact Brock and Poole Insurance Agency serving the Collierville, TN area.