Hairdressers & Barbers Insurance Ontario
What You Need to Know About Hairdressers & Barbers Insurance
Most of us look forward to going to the hairdresser. Whether it’s for a trim or a total hair makeover, we always feel our best after leaving. Every day, customers place their trust in their hairdressers and barbers, and it is their responsibility to offer them a safe and comfortable experience. Nevertheless, even if you take every safety measure, your business could still be subject to accident or personal injury lawsuits. This is when a comprehensive hairdressers & barbers insurance plan is crucial.
Standard commercial insurance policies cover most dangers that your company will encounter. However, specialized hairdressers & barbers insurance is designed to address the particular risks and variables that salons and barber shops face. Our insurance specialists at Insurance Hero know the correct questions to ask to make sure you obtain the precise coverage your company needs. We promise to locate the most affordable, comprehensive insurance coverage for you when you work with us.
Insurance Coverage Options
The secret to great hairdressers & barbers insurance is designing a plan that offers precisely the type of security that your company need. Since every company is unique, you should carefully consider several coverages while assembling your customized insurance plan. No matter if you have a hair styling chair in your home basement or if you run your own hair salon, you deserve to know that your business is safe.
What is hairdressers & barbers insurance?
In essence, hairdressers & barbers insurance is an insurance portfolio created specifically for hairdressers & barbers to protect their business against risks specific to the profession, like damages, losses, negligence, and accidents. It is specially made to guard against risks related to offering hairdressing services, such as accidents and injuries involving tools and treatments.
What does it include?
A standard hairdresser & and barbers business insurance typically incorporates multiple insurance coverages, with the most common ones listed below.
Commercial General Liability Insurance
With this coverage, you are protected from lawsuits brought by third parties alleging physical injury or property damage while at your place of work (such as an office or salon). It helps pay for things like medical expenses and legal defence. This insurance also covers reputation and advertising damages (e.g., slander, libel, copyright infringement).
Professional Liability Insurance
Also referred to as errors and omissions insurance, this coverage shields your business and any staff from the financial risk of client allegations of inadequate work or negligence. It includes:
- Errors, mistakes and oversights
- Failure to meet deadlines
- Failure to deliver your product to a customer
- Professional negligence
- Failure to meet a standard of care
- Breach of contract
Commercial Property Insurance
Your salon or barbershop and the items inside it (such as furniture, equipment, supplies, etc.) are protected by commercial property insurance, which helps cover financial losses resulting from such risks as:
- Property damage due to natural disasters, flood, fire, vandalism or theft.
- Property damage or theft of electronics, equipment, company documents or employees’ personal belongings.
- Inventory theft by employees.
As an added benefit of commercial property insurance, you can expand your policy to include business interruption. It helps to reduce recurring costs like bills, employees’ wages, etc., during a time of lost income if you become ill or injured and must temporarily close your business.
Product Liability Insurance
It’s extremely common for hair salons and barber shops to sell hair products to clients. Should a client purchase a new hair product that ultimately damages their hair, you could find yourself facing a lawsuit. With product liability insurance, you are protected from client lawsuits alleging that a product you make, distribute, or sell caused property damage or physical harm.
What other coverages should you consider adding to your insurance policy?
If your customers’ personal information is stolen or released as a result of a data breach, cyber and privacy liability insurance can protect your company by paying for damages and legal claims.
Business Insurance – Home-Based
It’s become more and more common for hairstylists to work out of their home. However, you must notify your insurance provider if you operate your business from home rather than a separate workplace, such as a salon or barbershop. Even if they take place within the home, business-related mishaps or losses are not generally covered by standard home insurance.
Auto Insurance – Business Use
Some hairstylists don’t have a physical office; instead, they visit their clients at home. These hairdressers or barbers must inform their insurance company that they will be driving for work-related causes. Most likely, you can include this in your own auto insurance plan.
Employment Practices Liability Insurance
This policy is beneficial if you own your own salon or barbershop. With the help of this policy, your company will be shielded from claims and legal action brought by employees who believe their rights have been infringed upon. You are protected from work-related claims such as, but not limited to, the following:
- Wrongful termination
- Gender issues
- Sexual harassment
- Violations of leave laws
- Performance review/promotion disputes