Beauty Parlor Insurance – Barber Shop Insurance

Beauty Parlor Insurance QuoteInsuring a Beauty Parlor, Beauty Salon or Barber Shop operation is serious business. A Beauty Parlor, Beauty Salon or Barber Shop typically has several high-value furnishing and machinery that are not only expensive to fix, repair and replace, but downtime, while these items are inoperable, can be costly. Many of the items in your shop can be expensive to replace if they are damaged by fire, water or vandalism, worse off, damage to your business could invoke a shutdown that could last weeks and cost several thousands of dollars in lost income . This is why you need to insure your business.

Property Insurance

Business Property Insurance

Beauty Parlor InsuranceProperty insurance can cover the buildings that you own and/or business property and inventory against physical loss or damage. This coverage includes Insurance coverage for your business’:

  • Washing Stations
  • Salon Chairs
  • Flooring
  • Plumbing, Lighting & Electrical Fixtures
  • Interior Decorations
  • Phone Systems
  • Computer Equipment
  • Furniture
  • Glass Window Fronts

If you don’t own your building, you’ll still need contents coverage. In the most policies, property insurance for business contents covers furniture, fixtures, inventory, office equipment and other supplies stored at your facility or off-premises. You may insure those items for replacement cost or for actual cash value.

Actual Cash Value or ACV

Actual Cash Value will pay only for the depreciated value of the property.

Barber Shop InsuranceReplacement Cost Value or RCV

Replacement Cost Value policies have higher premiums, however they can help your business recover from a loss faster, since you will be afforded with the cost to replace all or most of the lost or damaged property with new items. If you lease some of the equipment at your business, the leasing company may require that you insure the property at replacement value.

Loss of Use or Business Income

Loss of Use or Business Income coverage will protect your revenue stream in the event of a loss or damage to your Beauty Salon or Barber Shop establishment. If your business suffers from a fire, water damage, collapse or any other insurable loss and you are forced to close your doors, you may be left with out a revenue stream or income source. Business Income coverage can provide coverage for your lost revenue while your establishment is being repaired or even rebuilt.

Liability Insurance

Business General Liability Insurance

The General Liability Insurance Coverage for your Beauty Salon or Barber Shop Business is designed to protect the business against losses even if they are negligent or liable for damage, injury or loss to another person’s property, reputation, or health. Typically, damages, legal defense fees and settlement charges are paid by the insuring company when a claim is filed against the business. Although your landlord may require you to maintain Liability Insurance for your Salon operation, it is something you should have.

In the event that someone is injured, you may be liable for thousands or millions of dollars in injuries. Liability Insurance for your Salon operation will protect you from covered losses.

Bodily Injury – Liability Insurance Coverage

May pay the affected person or firm for the cost of care, the loss of services and restitution for death that results from an injury.

Property Damage Liability Insurance

In the event your business causes damage to, or causes the loss of use of someone else’s property, property damage coverage may pay for the value of the physical damage to the property; or the loss of use of that property.

Products and Completed Operations

A policy may provide coverage for your company’s completed products or services. If an injury occurs due to the use of your products or services provided, the policy would pay for the resulting damages and any legal expenses up to the policy limits.

Contractual Liability

General Liability coverage extends to any liability you may assume by entering into a variety of different types of contracts such as a building lease between you and your landlord.

Medical Payments

If someone is injured by you or at your business site, the policy may pay for medical and funeral expenses

incurred, up to policy limits, within one year of the accident. For example, if a customer tripped and fell on your premises and had to be hospitalized.

Personal Injury Insurance Coverage

Most General Liability policies provide coverage if you are accused of:

  • Publishing inaccurate information that slanders or libels a person or organization;
  • Publishing material that violates a person’s right of privacy;
  • Falsely arresting, detaining or imprisoning someone;
  • Maliciously prosecuting someone;
  • Wrongfully evicting someone.

Advertising Injury Insurance

In the course of advertising your company’s own goods, products or services, this policy will provide valuable liability protection against advertising injuries resulting from:

  • Publishing inaccurate information that slanders or libels a person or organization;
  • Publishing material that violates a person’s right of privacy;
  • Copying some other company’s advertising ideas or style of doing business;
  • Infringing on another company’s copyright, title or slogan.

As many people have already found out, Castle Rock Capacity Insurance Agency is the best stop for a quote on your Beauty Parlor, Beauty Salon or Barber Shop Insurance

Contact Us for a Quote On Your Beauty Parlor Business Insurance

We are the low cost solution for your Beauty Parlor, Beauty Salon or Barber Shop Insurance Policy Coverage. Castle Rock Capacity Insurance Agency currently offers Beauty Parlor, Beauty Salon or Barber Shop Insurance Policy Coverage in New York, NY, New Jersey, NJ, Florida, FL, Texas, TX, California, CA, Massachusetts, MA, Illinois, IL, and Pennsylvania, PA.

Castle Rock Capacity Insurance Agency

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