Business Insurance Requirements for Beauty and Hair Salons in Ohio

Professionals in the beauty industry share a special bond with their customers. Whether you’re a hairstylist in Columbus or a spa owner in Toledo, you likely value those relationships as much as you value your business. One way to protect both is with business insurance for your salon.

If you rent your salon, your landlord may require you to purchase general liability insurance. Another beauty salon insurance policy to consider is professional liability insurance. This policy can cover your legal costs if a customer sues you, claiming the services you provided were unsatisfactory. The state of Ohio requires any business owner with at least one employee to carry workers’ compensation insurance.

Insureon makes shopping for 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 Ohio beauty salons, or simply start an application to get your free quotes today.

Key insurance policies for beauty salons in Ohio

The most common business insurance policies for Ohio 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.

 

Business type General liability / BOP Professional liability Workers' comp
Sole proprietor X X  
Partner X X  
Contractor / freelancer X X  
Employer X X X

 

General liability insurance: General liability insurance is the foundation of a hairstylist’s business protection. Coverage extends to bodily injury, client property damage, advertising injury, and the cost of legal defense. Most commercial leases will require you to purchase this policy.

Business owner's policy (BOP): Beauty and hair salon owners sometimes qualify for a business owner’s policy. This can help your business save money by bundling commercial property insurance with general liability at an affordable rate. Property insurance can protect your salon if you own the building or space, along with the equipment you depend on to offer your services, such as chairs and styling equipment.

Professional liability insurance: This policy, also called errors and omissions insurance, can help pay for legal expenses if you’re sued by a client claiming you provided unsatisfactory services.

Ohio workers' compensation insurance: Ohio law requires employers to carry workers’ compensation if they have even one employee. If an employee is injured on the job, workers’ comp can help pay for medical fees and lost wages. The state runs a monopolistic state-administered workers' compensation fund, which means that coverage can only be purchased through the Ohio Bureau of Workers Compensation.

Workplace injuries can happen anywhere, even at your salon. Employees could slip on a wet floor, trip on a cord, or cut themselves with scissors. According to the Bureau of Labor Statistics, the most common injuries for hairdressers and hairstylists are 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 reduce accidents by keeping floors dry and by receiving appropriate safety training.

Most Common Workplace Injuries: Beauty and Hair Salon Owners in the U.S.

Business insurance costs for beauty and hair salons in Ohio

Salon owners in Ohio can expect to pay roughly the same as their counterparts across the nation, according to an analysis of Insureon applications. Their median cost for general liability insurance is $425, which is less than the national median of $500. The median price for professional liability is slightly higher, but not by much. In Ohio, stylists can typically expect to pay $500 per year, not far from the national median price of $480.

Since workers’ compensation insurance in Ohio is administered via a state-run fund, Insureon does not have data on the cost. However, the national median is about $1,640 per year for hairdressers. The price depends on how many employees you have at your salon.

Median Insurance Costs for Ohio Hair & Beauty Salons

Save time and money with Insureon

Insureon’s industry-leading technology helps Ohio 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 Ohio 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 and hair salon insurance quotes today.