- Business owner’s policy
A business owner’s policy (BOP) bundles general liability insurance with commercial property insurance. It typically costs less than if the policies were bought separately.
BOP insurance bundles policies to protect personal care professionals
From massage therapists to hairstylists, personal care business owners often invest in a business owner’s policy for its extensive coverage. Consisting of both general liability insurance and commercial property insurance, a BOP covers customer injuries and your own business property under a single plan. This policy protects against:
- Lawsuits related to customer injury or property damage
- Damage to your equipment or inventory
- Lawsuits related to advertising injuries, such as slander
Customize a BOP to fit your business
Businesses that are eligible for a BOP typically:
- Have fewer than 100 employees
- Have a small office or workplace
- Make less than $1 million in annual revenue
- Operate in a low-risk industry
- Need less than 12 months of business interruption insurance
Speak with a licensed Insureon agent to learn whether your business is eligible.
What coverage can a business owner’s policy provide for personal care businesses?
General liability coverage
Even in the low-risk environment of a day spa or nail salon, accidents happen. The general liability portion of a business owner’s policy can pay for legal fees and other expenses related to customer injuries or property damage. A BOP helps cover third-party lawsuits related to:
- Physical injuries, such as a customer slipping at a shampoo station
- Property damage, such as hair dye damaging a customer’s coat
- Advertising injuries, such as a lawsuit stemming from a tweet about a competitor
Commercial property coverage
The property insurance portion of a BOP can help personal care professionals cover expenses when damage, theft, or loss occurs at their place of business. For example, you may be confronted with the aftermath of smashed windows and graffiti at your barbershop. A BOP pays for business property lost or damaged due to:
If your personal care business is forced to close, it could cause substantial financial setback. For example, your medical spa may need to close for renovation after a fire. Business interruption insurance shields your business from lost revenue and other expenses related to closure caused by a disruptive event.
Talk to a licensed Insureon agent to add business interruption coverage to your BOP.
Other important policies for personal care pros
A business owner’s policy covers many risks common to the personal care industry, but it doesn’t protect against work mistakes or employee injuries. Personal care professionals should also consider:
Professional liability insurance: Also known as errors and omissions insurance, this policy can cover legal costs related to professional mistakes, such as customer complaints that a massage or skin treatment didn’t produce promised results.
Workers’ compensation insurance: This policy is required in almost every state for personal care businesses that have employees. Workers’ comp can cover medical fees and lost wages for work-related injuries and illnesses.
Get free quotes and compare policies with Insureon
Are you ready to protect your personal care business with a business owner’s policy? Complete Insureon’s easy online application today to compare quotes from top U.S. carriers. Once you find the right policy, you can begin coverage in less than 24 hours.