Whether you’re creating hairstyles in Miami or applying makeup in Jacksonville, you are helping your clients become the most confident versions of themselves. But, what are you doing to help your business become the best version of itself? It starts with finding the right salon insurance to protect you and your business from liability and damages.
Most commercial leases require general liability insurance coverage, so if you rent your space this is one policy you will likely need. Salon owners may also want to consider purchasing professional liability insurance, which can pay for legal bills if a customer claims you provided subpar services. If you employ four or more workers, even if they are part-time, Florida law requires that you purchase workers’ compensation insurance.
Insureon makes shopping for beauty salon insurance easy with industry-leading technology that gathers quotes from top U.S. carriers that fit your business needs. Read on to learn more about business insurance requirements and costs for Florida beauty salons, or simply start an application to get your free quotes today.
Key insurance policies for beauty salons in Florida
The most common business insurance policies for Florida salon owners depend on a variety of factors, including number of employees, revenue, client contracts, and partnerships. The table below illustrates which policies might work best for your business structure.
||General liability / BOP
|Contractor / freelancer
General liability insurance: If a customer is injured in your salon after slipping on spilled water, the legal fees resulting from a lawsuit could be substantial. General liability coverage can pay for expenses related to bodily injury, client property damage, advertising injury, and the cost of legal defense. Most commercial leases require you to have this coverage.
Business owner's policy (BOP): Beauty and hair salon owners sometimes qualify for a business owner’s policy. This policy can help your business save money by bundling commercial property insurance with general liability at an affordable rate. Property insurance can protect your salon and the equipment you depend on to offer your services.
Professional liability insurance: This policy, also known as errors and omissions insurance, prevents you from paying legal expenses out of pocket if clients sue claiming they aren’t satisfied with your services. If the day comes when a client gets burned during a waxing session and blames you, you’ll be thankful to have professional liability insurance on your side.
Florida workers' compensation insurance: In Florida, salon owners are required to purchase workers’ comp coverage if they have four or more employees, either full-time or part-time. This type of coverage can help pay for medical bills or lost wages if you or an employee is injured while working.
Workplace injuries in hair salons are not all that uncommon. Your employees could slip on a wet floor, bump into a styling chair, or suffer a burn from hot wax. They could even develop carpal tunnel syndrome from the repetitive motions of cutting hair. According to the Bureau of Labor Statistics, most hairdressers and hairstylists were injured in 2016 due to:
- Overexertion and bodily reaction.
- Falls, slips, and trips.
- Contact with objects or equipment.
- Repetitive motion.
Workers’ comp can pay for medical expenses related to these and other occupational injuries. Beauty industry workers can also be proactive in reducing the odds of these types of accidents by keeping the floors dry and by providing safety training for employees.
Business insurance costs for beauty and hair salons in Florida
For the most common salon insurance policies, hairstylists in Florida will typically pay close to the national median average for coverage. According to an analysis of Insureon applications, the median cost for general liability insurance for hairdressers in Florida is $505 (about $42 per month), just over the national median cost of $500. The median cost for professional liability insurance in Florida is $500 – only $20 more than the national median. Florida salon owners who opt for a BOP typically save when compared to the national median, paying $760 versus $975 per year.
One policy that typically costs more in the Sunshine State is workers’ comp insurance. The national median cost is $1,641 for salon owners. However, the median cost in Florida is close to $2,500. While that is a substantial difference, it’s important to remember that the cost of workers’ comp coverage also depends on how many employees you have.
Save time and money with Insureon
Insureon’s industry-leading technology helps Florida beauty and hair salon owners save time and money shopping for insurance by comparing policies from dozens of top U.S. carriers. Apply online and review quotes for the policies that best fit your business. Our insurance specialists are licensed in Florida and can answer your questions as you consider coverage.
To make the application go even quicker, have this information ready:
- Workforce details, such as the number and types of employees.
- Current and projected revenue.
- Business partnerships.
- Insurance history and prior claims.
- Commercial lease insurance requirements.
Apply for free beauty salon insurance quotes today.