Does My Nail Salon Need Business Insurance?
Your clients receive more than simple manicures and pedicures from you. You provide an experience that they love. Your nail salon's reputation is impeccable. But the highly personal nature of manicures and pedicures—services centered on a client’s appearance—means that you are at higher risk of a lawsuit.
If a customer is injured in your business or claims that they caught an infection from poor sanitizing processes at your salon, your business is at risk. The right type of insurance could make all the difference to protect your business.
Operating a nail salon takes a lot of your time, and the search for insurance can seem daunting if you’re not sure what to expect when you begin contacting providers for quotes. In this article, we want to help prepare you. We will cover:
- Insurance options for nail salons
- Examples of coverage
- Questions you’ll be asked
- The potential cost of coverage
We want to help YOU find the best nail technician insurance to suit your small business.
Insurance Policies for Nail Technicians
You may never have to face a claim from an injured client—but if it does occur—you want to be sure that the proper nail salon insurance coverage has been put into place. These are some of the commercial insurance policies you should consider:
- General Liability Insurance: A General Liability Policy covers injury to a customer and/or damage to their personal property. This insurance would pay for medical expenses and replacement costs.
- Commercial Property Insurance: If a natural disaster strikes and your salon is damaged, you want to make sure you have property damage coverage. It will cover the cost to repair or replace your building.
- Business Interruption Insurance: If your business is damaged by a storm or fire, business interruption coverage can help cover lost profit, employee wages, taxes, and even the cost of a temporary location.
- Business Owner’s Policy: With a Business Owner’s Policy (BOP), an insurance company typically combines general liability insurance, commercial property insurance, and business interruption insurance. It’s often more affordable as a package versus obtaining separately.
- Professional Liability Insurance: Professional liability coverage (also known as errors and omissions insurance) protects you if you accidentally harm a client (or they claim bodily injury) at work.
- Workers’ Compensation Insurance: If you hire nail technicians, estheticians, barbers, hairstylists, etc. you should protect them with a workers’ compensation policy. If they are injured or become ill while working it covers their lost wages and medical bills.
- Product Liability Insurance: If your nail salon sells nail polish, you could be held liable if a client claims injury or illness from your products. This protects your business as part of the supply chain.
- Commercial Auto Insurance: Your business may want to obtain commercial auto insurance if you travel to any off-premise locations to conduct business.
Examples: Why Nail Salon Owners Need Business Insurance
Why do you need the proper liability coverage to protect your business? Here are a few examples:
Example #1: A new customer requests a gel manicure. She walks out of your beauty salon with perfectly manicured nails. But a week later you get a notice from her lawyer: She's contracted an infection and blames your nail salon. Even though you don't believe you're at fault, your professional liability insurance covers her medical expenses.
Example #2: Your business was unfortunately in the path of a tornado and the building is destroyed. Luckily, your commercial property insurance covers the property damage. Your business interruption policy may help cover the cost of a temporary location while yours is being rebuilt.
Example #3: A customer trips and falls after one of your nail techs mops the floor. Unfortunately, your customer hits her head and gets a concussion. Your insurance company will cover her medical expenses and the cost of a possible settlement if you have the property general liability insurance.
How to Reduce the Chances of a Claim Being Filed
What can a nail technician do to limit the possibility of filing a claim with their insurance company? Here are our recommendations:
- Properly clean your tools: Make sure each tool or instrument you use (files, basins, clippers, etc.) is properly sanitized between clients. The Coronavirus pandemic has made the need for proper infection control more important than ever. Help protect your clients by following stringent cleaning processes.
- Protect your employees: Make sure your nail technicians wear the proper protective gear when necessary (face shield or mask, gloves, gown, etc.)
- Keep your salon safe: Make sure your floors are free of hazards such as pools of water, rugs that can be tripped over, and anything that can otherwise cause harm to a client.
How Much Does Nail Salon Insurance Cost
What can impact the cost of your business insurance coverage? Here are some of the questions an agent may ask to properly gauge the amount of coverage nail salons need.
- Do you have employees? Do you have only contractors working for you? Full or part-time employees? Do you charge booth rent?
- What services do you offer? Only manicures and pedicures? Do you want coverage for things like massages or other aesthetic services in your nail salon insurance policy?
- What kind of equipment do you use? Are you seeking a nail salon insurance policy that will equipment?
- Do you rent or lease your space? Or do you own the location your business operates out of?
Insurance quotes for salon insurance don't have to be complicated if you know what you need. The cost will vary depending on the answers to the above questions. But general liability can cost as low as $39 a month. Any other coverage you elect will add to the cost. Speak to an agent to get an accurate quote!
Get a Free Nail Salon Insurance Quote
If you'd like to get insurance quotes for your nail salon, complete the form above or call us today at 877-907-5267 to speak with one of our specialists about your beauty salon's insurance needs.
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