Public Liability and Professional Indemnity insurance are policies commonly taken out by salon owners, but forgetting other policies may leave your salon open to other risks, discovers BizCover.
We’re well into the swing of 2025, which means you’ve probably already taken the time out to either purchase new policies or renew existing policies, but are there any additional policies you may have overlooked while reviewing your insurance needs?
Many salon owners choose to take out Public Liability insurance and Professional Indemnity insurance, as they cover a range of risks that hairdressers commonly face. However, there are other policies you may wish to consider to help manage risks if things go wrong.
Personal Accident & Illness
What would happen to your business if you were suddenly unable to work for an extended period of time?
Being off work due to a serious accident or illness could be a serious blow to an owner/operator’s earnings and savings. This is where Personal Accident & Illness insurance can help. If you don’t have employees and are classified as a sole trader, this type of insurance provides a weekly income benefit (limits apply) following an accidental injury or illness. once signed off from work by a medical practitioner for a set amount of time. Knowing there is a steady income stream coming in during a long period of recovery can offer business owners peace of mind and, therefore, time to recover without stress or fear of losing the business.
Cyber Liability insurance
Cyberattacks on small businesses can seriously impact operations and finances, and even hair and beauty salons can become targets of cybercrime. Think about it like this: with most salons relying on computers, smart devices, POS devices and other tech to keep things running, your business might be more at risk than you realise. Client information like names, dates of birth, phone numbers, addresses and financial information are all valuable commodities to cyber criminals.
Cyber Liability insurance could help you manage the costs of a cyberattack. Most policies also provide 24-hour incident response services, giving you valuable assistance to reduce the impact of an attack and get your salon back to work faster.
Building insurance
For salon owners who own their business premises, it’s important to consider how best to protect the physical building. Repairs and rebuild costs can be significant if damage occurs to a commercial property, especially in cases of extensive structural damage.
Building insurance provides cover for loss and damage to buildings you own as a result of an insured event (such as fire, storm, wind, or another type of event listed in the policy).
Contents insurance
Equipment, furniture and stock are all part of a salon’s necessary daily operations. Contents insurance covers a business’s contents or stock if they are damaged – which generally includes essential items like wash basins, styling tools, chairs and even decorative items, like plants. Without adequate coverage, replacing damaged equipment can place a significant strain on finances for any salon.
Glass insurance
Glass insurance provides coverage for breakage of internal and external glass and signage you own at the insured premises. Glass can also include mirrors, porcelain and ceramics such as toilet and hand basins.
Many salons operate from street-facing shopfronts and can have an abundance of mirrors for the benefit of clients. Considering the amount of glass and mirrors often found inside and outside a salon, Glass insurance may be a policy you wish to consider to help protect yourself from claims.
Review your insurance policies to make sure you’re covered
Visit www.bizcover.com.au or call 1300 805 821 today to get fast and easy insurance quotes. Compare policies from Australia’s leading insurance providers and make sure you have the right cover to protect your business from claims.