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Hairstylists need business insurance, just like any other small business owner. The truth is that many hairstylists and barbers are underinsured or uninsured, which can put their businesses at risk in the event of an accident or injury. That’s why I’m here to tell you about some of the different types of coverage you should look into purchasing for your salon or beauty parlor—and some surprises along the way (I’ll get to those)!

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You’ll need general liability insurance.

The good news is that it’s not very expensive. The bad news is that it’s important to get the right amount of coverage, because you’re responsible for any damage done by your equipment or products in addition to accidents with customers. Here are some things to know about general liability insurance:

It covers claims brought against you by third parties (people who aren’t your employees) like customers and vendors who have been injured on your premises or injured while using your equipment.

It doesn’t cover claims brought against you by other businesses owned by the same person as yours, such as if one business was negligent and caused a fire at another one nearby. Instead, look into “business owners’ policy” (BOP) for that kind of coverage; BOP is basically an umbrella policy that includes all of the elements of general liability plus specific types like property damage due to fire or theft from a vehicle parked at work sites owned by others–and with even more options available depending on how many locations there are in total!

It protects you if customers get hurt.

Insurance can be the key to protecting yourself against financial loss. It’s important to talk with an insurance professional about what type of coverage you need and how much it will cost. But before getting into that, let’s look at a few scenarios where business insurance can help:

Your client gets injured in your shop and needs medical attention.

A stylist accidentally cuts off someone’s finger during a haircut. (This happens more often than you think.)

An employee comes down with an illness that prevents them from working for a long time.

You won’t be covered by workers’ comp insurance.

As a sole proprietor, you won’t be covered by workers’ comp insurance. This type of insurance is designed to cover employees if they become injured or ill while working for their employer. But since you’re not an employee—and therefore not protected by workers’ compensation laws—you can’t insure yourself.

Because you are a business owner and not an employee, your business is what’s known as a legal entity separate from yourself. Even though this may seem like semantics, it has real implications when it comes to protecting yourself in the event that someone gets hurt on your premises or at one of your events and sues the salon (or any other aspect of your business).

An important distinction between being an employee vs running your own company is that employees generally receive benefits like health insurance through their employers; entrepreneurs typically have to pay for those themselves (if they choose). In addition, employees typically have sick days; entrepreneurs don’t unless they decide to offer them voluntarily.

Your landlord’s insurance doesn’t cover you either.

Your landlord’s insurance may cover the building and the personal property that is located in your salon, but it does not cover you or your business operations. If a customer slips on your salon floor and sues you for damages, then their attorney will pull out a copy of your contract with them. They’ll review it to see if you have any liability coverage that could help pay for their medical bills. If there’s no liability coverage written into your contract, the customer can sue both their doctor and the stylist who cut their hair!

The best way to avoid this situation is by bringing all of these things together under one policy: commercial general liability insurance.

It could cover your loan if thieves strike.

Business insurance can protect you from lawsuits.

It can also protect your business from customer injuries and property damage.

Business insurance is one of the most important things a hairstylist needs to have, so make sure that you get the right coverage in place!

You can also get coverage for your tools and equipment.

You can also get coverage for your tools and equipment. Business property insurance (also known as tool insurance) covers loss or damage to the tools and equipment you use in your business. This can be added to your general liability policy, purchased separately, or both. If you choose to add it onto your general liability policy, be sure to review the terms carefully; business property insurance may not cover everything that falls under this umbrella.

Hairstylists and other small business owners need to make sure they’re covered by business insurance, which can protect them from lawsuits, customer injuries, and much more.

As a hairstylist, you likely know your way around the beauty industry. But did you know that most states require businesses to carry business insurance?

It’s true! And it’s important for small business owners to understand their options so that they can make sure their shops are properly covered.

Business insurance can protect against unexpected events like employee injuries or lawsuits from customers who are injured in your shop. It also provides protection against natural disasters and other events that could interrupt your day-to-day operations.

Conclusion

As a small business owner, it’s important to consider the risks of operating your own company. Business insurance can help protect you from many common risks and liabilities associated with running a company. While there is no one-size-fits-all solution for every company, most business owners need to consider general liability coverage as well as an umbrella policy that provides extra protection in case something unexpected happens on their watch.