What Kinds of Liability Insurance Do Nail Salons Need?
Nail salon owners can face on-the-job risks of an unsatisfied client or an allergic reaction. A customer could slip and fall on the premises. Business liability insurance should be a top priority for nail salon owners to protect themselves against lawsuits.
You will need customized insurance coverage for your nail salon to ensure that your business is adequately protected against any third-party liability claims.
Here are the recommended liability coverages for nail salons:
General liability insurance
Protects against third-party claims of bodily injury or property damage that occur on the salon premises. This coverage can help with legal fees, settlements, and medical expenses.
Professional liability insurance:
Also known as malpractice insurance, this coverage protects against claims of negligence, errors, or omissions in the services provided by the salon, such as nail treatments.
Property insurance:
Protects the salon's physical assets, such as the building, equipment, furniture, and supplies, from covered perils like fire, theft, or vandalism.
Business interruption insurance:
Provides coverage for lost income and extra expenses if the salon is unable to operate due to a covered loss, such as fire or water damage.
Commercial auto insurance:
If the salon owns vehicles used for business purposes, such as mobile nail salons or transportation of supplies, commercial auto insurance provides coverage for accidents and liability.
Cyber liability insurance:
Protects your nail salon financially against data breaches and cyberattacks that may compromise sensitive customer information, such as credit card information.
Product liability insurance:
Provides coverage if a product used or sold by the salon causes harm or injury to a customer.
Umbrella insurance:
Provides additional liability coverage beyond the limits of other your other liability insurance policies, such as CGL insurance, offering extra protection against large lawsuits.
If you’re a freelance nail technician professional, you would benefit from a nail technician insurance policy tailored to your needs.
Western Financial Group has licensed BUSINESS INSURANCE EXPERTS to get your nail salon the right insurance package. Our experts are available now to help you navigate the business insurance journey to protect your nail salon business.
