From broken equipment to wild weather, smashed windows and beyond, unplanned events can leave you with large repair bills. In some cases, they could also make it impossible to see clients until the situation is fixed.
That’s why many salon owners choose a Business Insurance Pack to help protect their small business.
A Business Insurance Pack, also called a Business Pack or simply Business Insurance, is a convenient and affordable way to protect your salon. These customisable insurance packages help you manage common business risks by bundling different types of cover. You can include only cover that makes sense for your salon, easily protecting many parts of your business with a single policy. Here, BizCover breaks it all down.
What can be added to the Business Insurance Pack?
Business Packs can include cover for your commercial premises, business contents, equipment and stock. Australian salon owners often choose the following types of cover:
Public Liability
A standard part of most Business Packs, Public Liability insurance is one type of cover you may already have. However, adding it to your Business Insurance Pack, rather than having a separate policy, may be more cost-effective. This type of cover protects you from third party claims after suffering personal injury or damage to their property by your business activities.
Portable and Electronic Equipment
Salon hairdressers rely on many tools to cut, dry, straighten, and tease each client’s hair. Portable Equipment insurance can help you repair or replace ‘tools of the trade’ that you provide to your stylists.
Beyond these technologies, you rely on equipment like phones to book appointments, EFTPOS readers to take payments, and computers to store business and client information. Electronic Equipment insurance can help you replace the many devices essential to running your salon.
Money and Theft
Still accepting cash payments? Money insurance covers cash and cheques stolen, lost or damaged in your salon. You may also be covered when transporting deposits to the bank or temporarily storing business funds in a private residence.
Money in the till may not be the only thing criminals are after. Theft insurance could help you replace business items that are taken from your secured salon, such as retail stock, equipment, and furniture.
Building and Contents
If you own the building your salon operates from, you might want to consider protecting the structure itself. Building insurance may help if your business premises are damaged or lost in a fire, storm, or other insured event.
You may also want to cover the items stored inside your salon. Contents insurance could help you replace stock, furniture, business records, and other items if an insured event, including malicious damage, occurs at your business premises.
Glass
A broken mirror—or even worse, your salon window—could cost you more than seven years of bad luck! Glass insurance helps you replace windows, mirrors, and signage inside and outside your salon. It also covers porcelain and ceramics, such as basins and toilets.
Compare Business Packs Today!
Running a hair salon is hard work. Finding business insurance doesn’t have to be. Compare multiple quotes and buy instant cover online in just minutes with BizCover. Build a Business Insurance Pack that fits your salon’s needs and see if you can switch and save.
For more information visit www.bizcover.com.au