In any business, you're going to take some calculated risks, and there are even some in salon insurance. This isn't something that a lot of people want to hear, because insurance by design is something that is supposed to mitigate the risks that you may have. Unfortunately, this is something that happens, though there are some things that you'll find that can minimize these risks. These couple of things may actually be financially substantial, at least in terms of saving you some money in the long-run. No one wants to file a claim, and if you do these couple of things, you will most certainly find that your insurance policy a lot more amicable on your end.
Shop Around
It's really important for every business to shop around for their insurance policy. That is, you shouldn't really jump at the first thing that looks fiscally attractive. In fact, that's probably the worst thing that you could do. Whether you're shopping online or physically going to brick and mortar stores, you're going to need some quotes. You have to understand what these companies are charging, and more importantly, why they're charging this amount. A lot of this has to do with the limits, as well as the company's proficiency. As you'd expect, some companies charge more because they can - they're better, and they have much better features that go along with their policies.
Clean Well
Once you get your policy, you're going to want to properly maintain your establishment. While this may seem to be a bit out of place due to the last point, it's really important because this is minimizing your risk. It's not hard for a person to slip and fall, and once you consider all of the liquids involved in running a proper hair salon, you see how crucial it is for you to have a really good maintenance schedule. You also have to take into account that there are some people who like to "slip and fall" and exploit your insurance for a payout. By cleaning well, you're lessening the chance of it happening to your business, as it has happened to many other unsuspecting business owners.
These two things are just the tip of the iceberg as far as minimizing risks are concerned, but two things that we think are really important. You don't want the salon insurance company who won't protect you, and you also don't want anyone taking advantage of you. Neither of these things are conducive to running a successful business, and if you relent on either, you will definitely pay for it in the future. No one wants to do that, so if you do your due diligence, you'll be in a much better position than if you were not to. So, in short, be sure that you're thinking of as many ways to keep you in the clear as possible.
Shop Around
It's really important for every business to shop around for their insurance policy. That is, you shouldn't really jump at the first thing that looks fiscally attractive. In fact, that's probably the worst thing that you could do. Whether you're shopping online or physically going to brick and mortar stores, you're going to need some quotes. You have to understand what these companies are charging, and more importantly, why they're charging this amount. A lot of this has to do with the limits, as well as the company's proficiency. As you'd expect, some companies charge more because they can - they're better, and they have much better features that go along with their policies.
Clean Well
Once you get your policy, you're going to want to properly maintain your establishment. While this may seem to be a bit out of place due to the last point, it's really important because this is minimizing your risk. It's not hard for a person to slip and fall, and once you consider all of the liquids involved in running a proper hair salon, you see how crucial it is for you to have a really good maintenance schedule. You also have to take into account that there are some people who like to "slip and fall" and exploit your insurance for a payout. By cleaning well, you're lessening the chance of it happening to your business, as it has happened to many other unsuspecting business owners.
These two things are just the tip of the iceberg as far as minimizing risks are concerned, but two things that we think are really important. You don't want the salon insurance company who won't protect you, and you also don't want anyone taking advantage of you. Neither of these things are conducive to running a successful business, and if you relent on either, you will definitely pay for it in the future. No one wants to do that, so if you do your due diligence, you'll be in a much better position than if you were not to. So, in short, be sure that you're thinking of as many ways to keep you in the clear as possible.
Source...