If you only have Public Liability and Professional Indemnity insurance, you and your salon may be unprotected against the cost of other risks.
Twenty-twenty-four is finally here! You’re ready for a fresh start, but old risks could be lurking—ready to strike when you least expect it.
Public Liability and Professional Indemnity insurance policies may not be the only cover your salon needs. There are many other policies to help you manage risks, so you’re not stuck with the bill if things go wrong.
Business Insurance Packs*
Own your salon building? What about the stuff inside—your equipment, stock, and furniture? A Business Insurance Pack can help you protect these and a whole lot more!
Business Insurance Packs are customisable insurance packages designed to provide cover for your business contents, stock, tools and commercial premises when an insured event occurs (such as fire, storm, theft or even accidental damage).
Consider adding cover like Building, Contents and Glass to your Business Pack to manage multiple risks to your salon at once. You can even include Public Liability for more convenience and possible savings, too!
Cyberattacks on small businesses are common and potentially expensive. According to the Australian Cyber Security Centre, 62% of small businesses have experienced a cyber security incident at an average cost of $46,000 in 2023.
With most salons relying on computers, mobile phones, POS devices and other tech to keep things running, your business might be more at risk than you realise.
Cyber Liability insurance can help you manage the costs of a cyberattack. Most policies also provide 24-hour incident response services, giving you valuable assistance to reduce the impact of an attack and get your salon back to work faster.
Personal Accident & Illness*
Imagine this: You break your arm and can’t cut hair, give manicures, or do your clients’ makeup until it’s healed†. This could be a blow to your earnings and your savings. After all, your salon’s rent and utility bills don’t stop just because you cannot work.
Personal Accident & Illness insurance provides a weekly income benefit following an accidental injury or illness once signed off from work by a medical practitioner for a set amount of time. Even better, your Personal Accident policy covers you even when you’re not at work!
Ready to protect your salon in 2024? Compare quotes, get instant cover, and save online with BizCover. Visit bizcover.com.au or give us a call now!
*This information is general only and does not take into account your objectives, financial situation or needs. It should not be relied upon as advice. As with any insurance, cover will be subject to the terms, conditions and exclusions contained in the policy wording or PDS.
†The provision of the claims examples are for illustrative purposes only and should not be seen as an indication as to how any potential claim will be assessed or accepted. Coverage for claims on the policy will be determined by the insurer, not BizCover.
© 2023 BizCover Pty Limited, all rights reserved. ABN 68 127 707 975; AFSL 501769
Catch up with INSTYLE and Styleicons!