What is salon insurance?

Opening and operating a salon requires substantial investment, and the investment should be protected when possible. One way Texas salon owners can protect their businesses is by purchasing salon insurance.

Salon insurance is specialized commercial insurance for salons. Policies generally protect salons against both property and liability risks, offering a range of customizable coverages.

What businesses in Texas need a salon policy?

Most salons in Texas should have some type of salon policy. Barbershop insurance, nail salon insurance and beauty salon policies provide tailored coverage for many businesses in this industry.

Because salon policies can be tailored for different types of services, it’s important to select a policy that’s designed for a particular business’s service. An insurance agent who specializes in salon policies can help review barber shop insurance, nail salon insurance or beauty salon policy options.

What coverages are available through salon policies?

Salon policies’ specific coverages can vary, but most policies offer a variety of standard and optional protections. Some coverages that salon businesses commonly get are:

• Commercial Building Coverage: May protect a salon’s physical building and any secondary structures against damage.
• Tenants’ Improvement Coverage: May protect improvements made to a salon’s leased space against damage.
• Contents Coverage: May protect any equipment, supplies, and inventory kept at the salon’s location.
• Business Interruption Coverage: May provide compensation if a salon must temporarily close due to a covered event.
• General Liability Coverage: May cover third-party claims of bodily injury or property damage that occur on the salon’s premises.
• Product Liability Coverage: May cover claims arising from damage or injury caused by the products that a salon sells or uses during treatments.
• Professional Liability Coverage: May cover the salon and its employees from claims arising from professional errors that result in client injury.

There are still other coverages that barber shop insurance, nail salon insurance and beauty salon insurance policies might offer.

Does a salon’s professional liability coverage extend to independent contractors?

When a salon carries professional liability coverage, the salon and its employees usually receive the coverage’s provisions. Employees who receive a W-2 at year’s end normally are included among covered parties.

Whether independent contractors that use a salon’s space are covered is less certain. Contractors might be covered in certain situations, but they often aren’t covered by a salon’s policy. For this reason, salons should consider encouraging their contractors to purchase insurance separately from the salon’s policy.

A knowledgeable agent can help review a salon’s policy to see whether its contractors receive any professional liability coverage from the business’s policy, and then make decisions about their own policies accordingly.

How much are premiums for salon policies?

Salon policies vary in cost, as there are many factors that influence insurance rates. A salon’s location, services offered, employee/contractor arrangement, chosen coverages and past claims are just some of the details that typically impact the cost. 

The easiest way to find out how much insuring a specific salon will cost is to compare customized quotes with an independent insurance agent. Independent agents don’t work for any one insurance company, and can thus request and compare quotes from several companies.

How can salons in Texas get salon insurance policies?

For help insuring a salon, contact the independent insurance agents at A. Floyd Insurance. Our Texas agents will work closely with you to determine coverage needs, and then help you select the best option from among salon insurance policies that meet your needs. With our help, you can have confidence that your barber shop, nail salon or beauty salon is protected well.