insurance
your business’ activities. This could be as simple as clients tripping and injuring themselves in a treatment roomdue to loose flooring, but could cost you thousands of pounds in liability claims.
Products Liability: This covers the seller / manufacturer of goods in the event that they cause injury or damage to others. Even if you are only the retailer of such products, you could be held liable for any damage or injury caused by defects in their design or manufacture. If you retail any products, this could be something to bear inmind.
Salon owners
Employers’ insurance is compulsory by law, however if you are a salon owner then itmight bewise to cover your premises too, against factors such as theft or fire damage. This doesn’t necessarilymean having another insurance policy - beauty insurers can cover your salon too.
Employers’Liability: This is compulsory by lawif you employmembers of
staff.As well as those under contract to you, ‘employees’ can include apprentices and other trainees, plus staff hired fromanother employer.
The only exception to this rule is if all your employees are close relatives, inwhich case you should checkwith your insurer about your responsibilities.
Employers’Liability provides cover in respect of accidental death, bodily injury or disease to employees arising out of the course of their employment. This insurance certificate should be displayed clearly in your place ofwork.
Buildings Insurance: This covers the structure of your property and any fixtures or fittings. Cover allows for the cost to repair or rebuild your property if it is damaged.
Contents Insurance: This can include equipment, furniture, fixtures and fittings and stock, and tenants’ improvements if you rent the property.
For more information insurance providers for beauty therapists and nail technicians, see our listings on page 150
Mobile therapists
Some professional therapist policies cover treatments both performed on salon premises and outside, so if you carry out treatments inmore than one location, look for a policy that offers you cover at multiple locations.
However, if you’re amobile therapist / nail technician, you’ll knowthat your vehicle is an important part of your livelihood. If your car broke down orwas damaged, howwould you reach your appointments? It’s likely that you already have car / vehicle insurance - as this is compulsory by law- howevermake sure you double-check your policy for the following:
The vehicle is covered for business use: Your insurer should bemade aware that your vehicle is used as part of your business activities, as themajority of standard policies only cover vehicles for what is known as ‘social, domestic and pleasure’purposes. If you fail to tell them this you could find your insurance invalidated if you need tomake a claim.
You have adequate contents insurance: It’s equally important that the contents of yourmobile kit are covered by your vehicle insurance, in case your car is stolen or broken
into.Again, contents cover does not always come as standard. Will the insurance company replace items as new, or cover thembased on the equipment’s age andmarket value?
When updating or renewing your car insurance, look for extra benefits that might be of use to you in the event of an
emergency.Acourtesy car, for example, couldmean that you are still able to make your appointments if something happens to your vehicle.
‘Third party’ car insurance policies cover your liability only for injury to others and their property; ‘third party, fire and theft’ also covers you if your car is stolen or damaged by fire or attempted theft.
‘Comprehensive’ policies are themost expensive, but cover all of the above plus the cost of repairing damage to your own vehicle in the event of an accident.
The Beauty Index guide to busting insurance jargon...
Broker? An insurance broker does a similar job to an agent, negotiating between two parties i.e. you and the insurance
provider.Brokers often offer insurance to a particular industry or professional area, so can offer you insurance specific to your needs.
Excess?
An excess is the amount ofmoney you will have to pay out should youmake an insurance claim. For example, if your excess is £100, you pay the initial £100 of any claim, and the insurance company pays the rest.
Policy?
Your insurance policy is a printed documentwhich serves as the contract between you and the insurer, and details the terms and conditions of your insurance cover.
So how do you
get insured? Internet -Most insurance companies / brokers have comprehensivewebsites which allowyou to viewpolicy details and apply online, so you can compare policies and read the small print at your own pace.
Telephone - If you find computers frustrating, have limited internet access or simply prefer to talk to a human being, then you can get further information or even buy insurance directly over via the phone.
In person -Many industry-specific insurers exhibit at trade shows, offering ‘on the day’discounts to showvisitors, plus the chance to talk to staff and collect policy information. Look out for details of forthcoming exhibitions in the trade press, such asMay’s BeautyUKat theNECBirmingham and ScottishBeauty taking place in Edinburgh thisMarch.
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