As a mobile hairdresser are you wondering if it is worth going in for an insurance policy? You might not have many business assets and being a small business you may feel that you are quite safe. However, a lot of things can go awry. Unlike large businesses, small businesses are not able to handle unexpected costs. Therefore, as a small business owner, it is essential for you to get insured.
More Information about: Self Employed Insurance for Hair & Beauty
Let’s see what all insurance policies are required for a mobile hairdresser.
Public liability insurance
Public liability insurance covers you when there is a compensation claim arising out of an injury caused to a member of the public or a damage done to their property. If you spill hair colour on the expensive carpet of your client or if he trips over the blow-dryer you left on the floor and get injured, he is most likely to demand compensation from you. Having a public liability policy will keep you safe. Apart from taking care of the claim amount, you will get a well-versed legal team that will handle the legal proceedings on your behalf. You need not have a legal representative of your own. Every mobile hairdresser should have this policy in order to stay safe when something untoward takes place.
Products liability insurance and treatment risk
As a mobile hairdresser, it is important that you have products liability insurance and a treatment risk cover. You might sell or supply hair care products to your clients often. If the product turns out to be defective and injures your client or damages his property, he can hold you responsible for it and demand compensation from you. The claim can be to the tune of thousands of pounds and if you don’t have products liability insurance, you will be in deep trouble!
A standard public liability insurance policy won’t cater to your needs due to your profession. As a hairdresser you need public and products liability insurance with a treatment risk cover. This extension will be helpful when there is a claim in connection with the treatment you provided. Apart from that, you need to ensure that your insurance policy has a financial loss extension too. This will safeguard you when a claim is made against you for purely economic losses. With a standard public and product liability insurance, claims will be covered only when there is an injury or damage to property and not when there is a financial loss.
Personal accident and sickness insurance
An injury or illness can render you unfit to work and if you happen to be self-employed, you can’t get sick pay either. When you have a personal accident and sickness insurance, it will pay you a weekly benefit when you can’t work. You will be paid a lump sum if you can never work again.
As you would be using a car to travel for work, you need to get motor insurance. It is legally required and at the same time is immensely helpful. Suppose your car gets stolen or there is a mishap, you can rest assured if you have a motor insurance as you won’t suffer monetary loss and your business will not get affected.
Other kinds of insurance you need
As a mobile hairdresser, you need public and products liability and treatment risk insurance, personal accident and sickness insurance and motor insurance (if you own a car). However, there are also a few other types of insurance that you would need.
Even if you feel that the equipment you use for your business is not expensive, just try to add up everything including the laptop that you use to manage your account and appointments. You will be surprised to know the total value of everything. Hence, it is important that you get all your business assets insured against theft and accidental damage.
Getting yourself insured against legal costs is also a requisite. It will be helpful when you get involved in a legal matter such as defending yourself if there are criminal charges against you or when you have had a dispute with your client or if there has been a tax inspection.
Make sure that you have all the above insurance policies before you start out as a mobile hairdresser.