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Express Financial & Insurance Services

3222 Santa Monica Blvd
Santa Monica, CA 90404

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I Just Started a Salon, Should I Purchase Commercial Insurance?

A beauty salon carries out different activities like cutting hair, coloring hair, waxing, manicure, pedicures, etc. Insurance is important because as we know, life is full of the unexpected, things can go wrong at any time. Commercial insurance for your salon will cover you for example when an angry customer gets an allergic reaction to one of your beauty products. Read on to see more reasons why you definitely need to ensure your business.

Express Financial & Insurance Services is an insurance agency in Santa Monica, CA, that can answer all your insurance questions. Call us today, to get the assistance you need.

1. Commercial insurance covers you for any necessary repairs or replacement

With frequent use a hair dryer can stop functioning or a chair can fall apart. In that case, you may be left with fewer work stations or be forced to close your shop until all repairs are done. Commercial insurance pays for repairs in a timely manner, allowing you to commence your business activities.

2. Insurance covers any business interruption

Maybe you decided to start selling hair and beauty products in your salon to increase your profits, and you use the products on your clients too, however later on the products are recalled. The recall can make you lose customers as they may assume you were putting profits ahead of product safety. Eventually your business may drop drastically. Having a commercial insurance cover will help you recover from such a financial loss that results from business interruption.

3. Professional liability insurance protects against lawsuits

In a busy day at your salon, one of the stylist might accidentally burn a chunk of a client’s hair while using a straightener. The client may decide to sue you for this, therefore having a professional liability insurance will save you from the expenses.

4. You are covered in case a fire breaks out

Products used in a salon are usually flammable and if proper precaution is not considered, a fire may break out leading to damage to property. Commercial insurance could help cover the costs.

Express Financial & Insurance Services is an insurance agency in Santa Monica, CA that offers well-studied insurance policies. Call us today to know more.