Insuring Your Salon Or Spa

Many salons and spas provide a vast array of products and services to serve a variety of customers. But while this large menu of offerings pleases many types of people, it can make it hard for you — as the business owner — to determine what type of small business insurance you should purchase to protect your financial interests.

You don't have to settle for blanket coverage that may not offer you the right level of protection. Rather, your independent insurance agent can help you build a customized salon or spa insurance policy. Here are some of the most common coverage options, though you can pick and choose the options and coverage limits that are best for your establishment.

Commercial Property: On top of the building your salon or spa inhabits, the business has likely acquired plenty of furniture, equipment, tools, products and computers. Since property damage is the most commonly filed claim made by small business owners, it's wise to protect the items that keep your business running.
General Liability: This coverage option is often referred to as "slip and fall" insurance — which isn't far from the truth, since customers can easily slip on loose hair or wet spots on the floor. If a customer should sustain an injury on salon property, this coverage helps fund their medical expenses and any arising legal settlements.
Professional Liability: As a provider of salon or spa services, you have a responsibility to offer your customers a safe, satisfying and relaxing experience. But even trained professionals can make mistakes; plus, a salon is an environment ripe with chemicals, heated tools and other possible dangers. If your services harm a client — either physically or emotionally — you could be responsible for damages, which this coverage option can help fund.
Umbrella: In the event of an incident that exceeds the limits of your coverage, umbrella coverage provides an additional layer of protection.
Worker's Compensation: This coverage offers monetary protection to employees who suffer an injury or fall ill while working.

Speak with your agent to learn more about building a policy to protect the unique needs of your salon or spa today!

We've got you covered. Call Colgrove Financial, LLC at (480) 830-2595 for more information on Arizona salon and spa insurance.

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