Learn about business insurance requirements and the most common policies for beauty salons and cosmetologists in Florida.
If you have a commercial lease, your property manager may require you to purchase general liability insurance. Commonly purchased by hair salons in Florida, general liability insurance can protect your business from expenses associated with common mishaps, such as client property damage and injuries.
State law in Florida requires every non-construction business with five or more employees to provide workers’ compensation insurance, which covers medical bills for work injuries. Florida also requires commercial auto insurance for vehicles used solely for work purposes.
The most common policies for hair salons in Florida vary depending on revenue, client contracts, partnerships, and other factors.
General liability insurance is the foundation of a beauty salon’s business protection, with coverage that extends to client injuries, client property damage, and advertising injuries. Most commercial leases require you to have this coverage.
Professional liability insurance protects beauticians and hairstylists from lawsuits brought by dissatisfied customers. This policy, also called errors and omissions insurance, can help cover legal expenses if a customer sues over an unsatisfactory haircut or a negative reaction to a beauty product.
If you own a hair salon in Florida that has five or more employees, you are required to carry workers’ compensation coverage. If you have fewer than five employees, coverage is optional. However, workers’ compensation will cover medical bills and lost wages if one of your employees has a work-related injury.
Cyber insurance covers the cost of data breaches and cyberattacks. Salons that store credit card numbers, email addresses, and other customer information should carry this coverage. It's also called cyber liability insurance or cybersecurity insurance.
Commercial auto insurance covers the costs of accidents involving a vehicle owned by your salon. It can help pay for legal defense costs, property damage, and injuries from an accident, along with vehicle theft and vandalism.
According to an analysis of Insureon applications, the typical beauty salon in Florida can expect to pay more than the national median for some types of business insurance and less than the national median for other types.
For example, the median annual cost of workers’ compensation insurance for a hair salon in the state is $2,493, much more than the national median of $1,641. On the other hand, the median annual premium for a business owner’s policy is $760, less than the national median of $975.
Insureon’s industry-leading technology helps beauty salons in Florida save time and money shopping for insurance by comparing policies from top U.S. carriers. Start a free online application to review quotes for the policies that best fit your business. Our insurance agents are licensed in Florida and can answer your questions as you consider coverage.
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