In Texas, big hair is as much of a tradition as big belt buckles and big open spaces. As a salon, spa, or barbershop owner, you cater to a diverse group of clients who trust your professional judgement for their hair, skin, and other cosmetic needs. Whether you run a small-town beauty salon outside of San Antonio or cater to uber-hip Austin denizens, salon insurance can protect your work, your property, and your business.
If your salon is located in a leased space, your landlord will likely require that you purchase general liability insurance coverage. Another policy to consider is professional liability insurance, which can pay your legal bills if a client sues, claiming you were somehow negligent in the services you provided. While not mandatory in Texas, you may want to consider purchasing workers’ compensation insurance, which can pay for injured employees' medical expenses and partial lost wages if they are temporarily unable to work.
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. Keep reading to learn more about business insurance requirements and costs for Texas beauty salons. Or simply start an application to get your free quotes today.
Key insurance policies for beauty salons in Texas
The most common business insurance policies for Texas 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: General liability insurance is the foundation of a hairstylist’s business protection. Coverage extends to third-party bodily injury and property damage, as well as advertising injuries 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, can pay for legal costs associated with lawsuits claiming you were negligent while performing services for a client.
Texas workers' compensation insurance: This is the insurance policy that can pay medical fees and costs, as well as lost wages, if you or an employee is injured at your salon. In Texas, workers’ comp coverage is not required by law. However, buying it can provide an extra layer of protection for you and your employees.
While workplace injuries in hair salons are not as common as some professions, they do happen. 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. You can reduce the chances of your employees being injured by taking proactive steps. For example, make sure any wet spills near the shampoo area are mopped up quickly, and offer safety training for employees.
Business insurance costs for beauty and hair salons in Texas
If you own a salon in Texas, chances are good that your costs will be fairly close to the national median, or even less. According to an analysis of Insureon applications, the median annual cost for general liability insurance in Texas is $482 (approximately $40/month), which is slightly less than the national median of $500. A business owner’s policy has a national median cost of $975, while the Texas median price is only a few dollars more – $991 per year ($83/month).
With a median annual cost of $400 ($33/month), Texas salon owners typically pay less for professional liability coverage when compared to the national median of $480. The median price of workers’ comp is also lower in Texas – $1,192 versus $1,641. However, workers’ compensation insurance is based on the number of employees, so it can vary quite a bit depending on the size of your salon staff.
Save time and money with Insureon
Insureon’s industry-leading technology helps Texas 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 Texas 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 insurance quotes today.