insurance
make sure you’re covered!
Why you should always invest in therapy and salon insurance.
Insurancemay be one of those things thatwe begrudge spending our hard-earned money on, but as the saying goes, it’s far better to be safe than sorry.
“Many therapists put an issue like insurance on the back burner, the usual reasoning being ‘it’ll never happen to me!’” saysDaveHorton,Director of therapy insurance expertsAssociated BeautyTherapists. “But insurance is one of themost important things to consider when you open up your own beauty business.”
Youmay never have to claimon your insurance (andwe hope you never do), but having a comprehensive policy covers you against possibilities that could potentially ruin your business and career - things like clients tripping and falling in your salon, a treatment that doesn’t go to plan or damage to your premises.
Whether as a therapist or salon owner, if you choose not to have insurance you will be personally responsible for paying out should a claimbemade against you - and this could cost youmuchmore than any insurance premium.
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“In a nutshell then, insurance is vital,” Dave explains. “For the cost of your premiumyou have unloaded all of the worries and financial concerns of a potential claimto the insurance company, thereby allowing you to concentrate on howbest to run your business.”
It’s understandable that insurance can sometimes be a bitmind-boggling, so here’swhat to look forwhen choosing an insurance policy...
Therapists & nail
technicians There are a now a number of industry- specific insurance companies who specialise in insurance for professional therapists and nail technicians, so finding insurance suited to your needs has never been easier.
However, insurers are not all the same, so you should consider carefully just what benefits you’re getting for your premium.
Some insurance providers offer membership to a professional association, discounts on educational courses and even free trade magazine subscriptions as part of their package.
However, don’t be swayed by ‘added extras’ if the policy isn’t the best one for you. “Reading everything in the proposed policy of summary of cover is vital,” says Dave.
“All the small print is essential; watch out for high excesses, lots of limitations and
exclusions.Alsomake sure the insurance company (the provider) is reputable and known.
“Theremay be treatments that are excluded fromstandard policies but which can be added at a small additional cost. These tend to be treatments which are more invasive or offer a slightly higher risk, such asAdvanced Skin Peeling, Advanced Electrolysis, Micropigmentation, Laser and IPL treatments etc.”
Insurances to consider include:
Public Liability: This covers your liability tomembers of the public for injuries suffered, or property damaged, as a result of
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