The Importance of Business Insurance

Small business insurance is a way to protect your business from financial losses like compensation claims, property damage or theft.

Your insurance company can tailor your quote and choose from different cover types to meet the needs of you and your salon business.  It is very important to understand the risks your salon could face and to have the comfort of knowing that you won’t be left out of pocket if something unexpected happens.

As an employer and business owner, it is your responsibility to protect your business, clients and employees.

To get a quote for your salon business, you just need the following information:

  • Your name and address
  • The name, address and nature of your industry business
  • Whether you are a sole trader or a limited company
  • Number of employees
  • Details about your premises
  • Your range of services and products
  • Your projected turnover

Then your insurers can use these details to decide how much to charge you for a policy.

The main types of business insurance are:

  1. Public liability insurance provides cover if a member of the public injures themselves or makes a claim against your business.  For example, someone slipping and injuring themselves on your premises.
  2. Employers liability insurance protects you, your business and your employees, if a member of staff makes a complaint.  For example, a team member tripping over a cable, falling and breaking an ankle.
  3. Product liability insurance can protect your salon if a client makes a claim against a faulty product you have made.  For example, if you make your own skincare items and a client makes a claim after buying a product that doesn’t work well enough.
  4. Professional indemnity insurance is an insurance product designed for professional salons and people which covers them in the event of certain errors made during the course of business.  This type of insurance means that you can work without the fear that you may be sued by a client or a third party for problems or adverse reactions that occur as a result of professional services.  In short, this insurance allows you to carry out your work with greater peace of mind and confidence.

Professional indemnity insurance dates back to the 1700s.  Nowadays, the risks of something going wrong are as significant as ever and mistakes can still lose an owner their reputation and business without adequate professional indemnity insurance.

Depending on the policy purchased, it will cover negligence, errors and lack of following correct procedures.  It should also cover the liabilities which are the result of negligence, such as business interruption and the significant legal costs incurred from being sued.  

Some policies will also offer protection for business or financial loss caused by defamation, loss of paperwork , the dishonest conduct of employees and unintentional breach of confidence.

Having insurance in place that covers technical work is important because it allows you to offer services without having to build in the potential additional cost of any mistakes that might be made in the future.

Without insurance, salons are exposed to a great deal more business risk.  With insurance you are protected against any undesirable business outcomes and can operate more competitively as a result.

Older Post
Newer Post


Close (esc)


Use this popup to embed a mailing list sign up form. Alternatively use it as a simple call to action with a link to a product or a page.

Age verification

By clicking enter you are verifying that you are old enough to consume alcohol.


Shopping Cart

Your cart is currently empty.
Shop now