Managing risks is an essential part of running a successful salon. You may already have Public Liability and Professional Indemnity insurance, but is every part of your business covered? BizCover investigates.
We get it—running a salon is hard work. You probably don’t have the time to request Business Insurance quotes from a bunch of different insurers. That’s where BizCover can help. BizCover has helped over 8,500 Australian salons, barber shops and day spas find drama-free insurance for their small businesses, like Melissa in NSW who saved $200 on her Business Pack.
Business Insurance can be a powerful tool for salon owners. Also referred to as a Business Insurance Pack or Business Pack, it is a convenient and affordable way to protect your salon.
By bundling different types of cover into a single policy, you can easily manage many risks to your business. Even better, Business Packs can be customised to include only cover that makes sense for your salon and business needs.
What can be added to my Business Insurance Pack?
Your Business Pack may include different types of cover for your business contents, stock, tools, and commercial premises. Here are some of the most common ones chosen by Australian salon owners.
Public Liability
Public Liability insurance is a standard part of most Business Packs. While you may already have this cover, making it part of your Business Insurance package could cost less than having a separate policy.
Portable Equipment and Electronic Equipment
What’s a stylist without their tools? Portable Equipment insurance can help you repair or replace “tools of the trade” that you provide for your employees.
Do you rely on a computer to book appointments? Have an EFTPOS reader to take payments? This is where Electronic Equipment insurance kicks in and can help you replace these and other items (like smartphones or tablets) that are essential to running your salon.
Money and Theft
If you still do a fair amount of cash business, Money insurance may be a useful cover to add to your Business Pack. It covers cash and cheques that are stolen, lost or damaged in your salon. It also covers you when you’re transporting deposits to the bank or if business funds are temporarily stored in a private residence.
Savvy criminals might target more than just the money in the till. Premium retail stock, equipment, and even furniture can be stolen and resold. Theft insurance helps you replace business items that are taken from your secured salon.
Building and Contents
Do you own the building where your salon is located? Building insurance can help if your business premises is damaged or lost in a fire, storm, or other insured event.
While Building insurance helps protect the premises itself, Contents insurance can help you replace the things inside. If an insured event (including malicious damage) ruins your stock, furniture, business records, or other business items, your Contents cover can help you stay out of pocket for their replacement.
Glass
Breaking a mirror could cost you a lot more than seven years of bad luck! Glass insurance is available to replace mirrors, windows and signage inside and outside your salon. It can even cover porcelain and ceramics, such as basins and toilets.
Compare Business Packs Today!
In just minutes, BizCover helps you compare multiple quotes and buy instant cover online for your salon. Build a Business Pack that fits your needs and get back to creating spectacular styles for your clients!
Visit www.bizcover.com.au for no-dramas business insurance!
This information is general only and does not take into account your objectives, financial situation or needs. It should not be relied upon as advice. As with any insurance, cover will be subject to the terms, conditions and exclusions contained in the policy wording.
This information is provided as a guide only and may not reflect pricing for your particular business, as individual underwriting criteria will apply.