In order for a nail salon to be considered a valid business in the United States it is required to have Nail Salon Insurance. This protects your salon from financial hardship in case of a major accident. Nail Salon Insurance offers many benefits to its clients. Some of them include:
Your nail salon company exists to service the public, so your salon must do a double-duty: first, to offer a cosmetic service, and second, to offer a service meant to protect the public from accidents like cuts, dry skin, burns, frostbite, etc. To that end, your nail salon needs to have the general liability coverage listed below listed under your state law. General liability coverage will cover the cost of property damages, medical expenses, and court costs that occur as a result of an accident at your salon. If you run a nail salon out of your home, you don’t need to worry about these costs. This insurance takes care of it all.
The next thing you need to check is your employees’ compensation claims record. You can get this information easily online. Check to see if your state requires you to submit to a background check, or a certification interview. Make sure you know the rules and regulations regarding making this type of request because some states require fingerprinting, a background check, and a written evaluation before they’ll approve the workers’ compensation claims. If at all possible, you should have all these forms completed and submitted to your Nail Salon Insurance broker as proof that you follow all state and federal guidelines.
If you want the best nail salon insurance quotes, then you need to understand property damage and injury claims. When a person visits your nail salon, she/he typically has to pay a membership or registration fee. During the term of this membership, the customer is generally allowed to perform basic manicures and pedicures. Later, when the customer returns for a more comprehensive service, she is required to pay a regular charge for the entire work to be done.
Your charges are subject to change each year as a result of state laws and economic conditions. Therefore, it’s best to stay abreast of these changes and consider what your options may be should they arise. One example could be to offer your salon a package that would include both workers’ compensation insurance and basic business insurance. By doing this, you’ll be covering yourself in the event of accidents and damages caused by negligence.
Workers’ compensation insurance covers injuries to employees caused by an employer’s negligence. It covers lost wages and it pays funeral expenses, treatment and rehabilitation. Basically, this type of insurance covers anything that could happen to an employee while being employed at your salon. This includes slip or fall injuries, heat exhaustion and dehydration.