Insurance: Is it a luxury or a real necessity?
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Numerous people think
some hairdressers have a glamorous job because they work in
luxurious salons, fancy resorts, or with famous models. However,
most hairdressers and beauticians realise their jobs are far from
being glamorous. The only thing they might think of as being a
luxury is their insurance coverage. However, is hairdresser
insurance really a luxury or a necessity for them to have?
There is much more to
being a hairdresser than meets the eye. Numerous things can go wrong
in the hairdressing business. For instance, a hairdresser could
accidentally cut a customer while styling the individual’s hair.
Another sample would be a customer having an allergic reaction to a
product the hairdresser had used during a treatment. A freelance
hairdresser, mobile hairdresser, or a salon can be completely
financially destroyed even if just one little thing goes wrong. So
in reality, hairdressers’ insurance is a necessity, not a luxury as
some hairdressers believe it to be.
Types of cover a
hairdresser should have
There are some types
of cover especially designed for hairdressers. In all cases where
you have hired another employee, you must have employers’ liability
insurance. This cover is compulsory and can’t be avoided very
easily. Even if employers’ liability wasn’t mandatory, you should
have this protection in place. This coverage is for providing
compensation for the injury, illness, or death of any employee or
former employee who was harmed during their employment with you. It
also cover the legal fees and other expenses that resulted due to
the claims made by employees and former employees if they happen to
sue you for the injuries, death, or property damages.
Other types of
Although all the
other insurance cover are optional, there are more types you should
have. These six insurance plans are:
o Public Liability: Used to protect you and your business against
claims filed by members of the public in the case of injury, death,
or property damage. This is not used for harm done to customers or
o Professional Indemnity/liability: This is used to protect yourself
and your business against claims filed by your customers for death,
injuries, or property damages caused by treatments you or an
employee performed. Also included in the cover is assistance with
legal fees and other expenses due to lawsuits for errors or
omissions, negligence, malicious falsehood, libel, and slander.
o Product Liability: As with the other types of liability, product
liability is used to protect you and your business against claims
filed by your customers or other third parties. It cover the
damages, deaths, or injuries caused by the products you use.
o Business/Home Office/Equipment liability: Business/Home
Office/Equipment liability protects you and your business against
damage to premises used as a home office, theft of documents,
damages or loss of equipment and some other unforeseen
o Business Interruption Insurance (Revenue Protection): Business
Interruption can come in very handy for hairdressers. This type
helps with redundancy payments for a set period of time in case your
business is interrupted or closed due to a fire or some other
unforeseen event. It also enables you to pay bills and pay
o Stock and Equipment (Tools and Goods) in Transit: This cover is
especially useful for mobile hairdressers, although it’s good to
have even if you’re not mobile. Under this cover plan, protection is
provided for the accidental damage or loss of stock and equipment
while it’s being transported. Due to how expensive the equipment and
products may be, this can make all the difference between staying in
business or closing due to lost or damaged equipment and products.
Not all hairdressers need a large amount of every type of insurance.
Some insurers offer a combined hairdresser package that makes it
quite simple to obtain the appropriate coverage. Every hairdresser
should consider purchasing at least the minimum amount of coverage
in each of the aforementioned plans. After all, hairdressing
insurance is not a luxury. It is a necessity for any hairdresser who
wants to stay in business for a long time.
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