If you're a barber on the prowl for small business insurance, you probably are an independent contractor renting a booth from a principal, or you are the principal, the barber shop owner who is responsible for protecting your space, your business assets, and your employees. Navigating the world of insurance can be difficult for a barber, particularly because the business structure is different from a lot of other professions. Does an independent contractor need different coverage than his principal? Does a principal who owns a shop need different coverage than the one who runs his business out of his home? Generally speaking, insureon recommends that barbers carry the following small business insurance policies… From here, each policy can be altered to match the size, scope, and location of your barber business. Read on to learn more about how these coverages can protect you and how they can be shaped to match your growing business's individual needs. General Liability Insurance is an important coverage for all small-business owners, including barbers - whether you own your shop or rent a booth.

This type of coverage protects you and your employees from third-party claims, the common ones that come from folks outside of your business… When you work in the hair-care profession, your clients rely on you to help them look their best. And whenever they feel like your services have emotionally harmed them in some way, you risk a lawsuit. General Liability Insurance protects your business whether the claims are valid or fraudulent by helping to pay for related expenses like settlements, judgments (including medical bills), and legal defense. If you own your barber shop, you probably already realize how important Property Insurance is to your business's financial health. When a fire, thief, or wind storm strikes and devastates your business property, Property Insurance steps in to ensure than you can replace or repair damaged items quickly so you can get back to operating normally. But as a property owner, you may also want to consider… But what if you rent a booth?

Well, part of renting a booth means owning your own equipment, products, and tools. Besides the chair and workstation you rent, you probably own combs, hair color, razors, scissors, smocks, and a variety of other supplies you need to properly service your clients. If a fire starts in the barber shop where you work, it's likely that your principal's Property Insurance won't cover your items. dining room chair on castersYou'll need at least a basic Property Insurance policy to protect the contents of your rented space.balance ball chair cheap As a barber, you may be able to save some cash on your business insurance plan by purchasing a Business Owner's Policy, or BOP. office chairs for better circulationA BOP is a discounted business insurance package. where to buy bailey chair for dogs

It bundles your General Liability and Property Insurance coverage together, letting you get the same protection at a lower rate. In order to be eligible for a BOP, your insurance provider must determine that your barber business is low-risk for GLI and PI claims. The good news is that many barbers qualify - just contact an insureon agent to be sure. stair chair lift dealersIn addition to costing less, many BOPs automatically include full replacement Property coverage, which means you can replace damaged business property at full cost.la z boy chair malaysia When small-business owners (like a barbers) offer professional services, it's often wise to have Professional Liability Insurance to protect their assets in the event that something should go awry with that professional service. Professional Liability claims come from clients who feel that they did not receive adequate service and that the provided services caused them a financial loss.

These claims can come in many shapes and forms, but they're usually rooted in a (real or perceived) professional mistake, oversight, or act of negligence on the part of the barber. Take a look below to see what these claims might look like… Professional Liability claims are difficult because they're often hard to prove in court, especially when there's no paperwork and it's just the client's word against your own. Further, many small-business owners are the victims of fraudulent claims - ones that aren't based on true events but that will still cost you time and money in legal defense and fees. Professional Liability Insurance will protect you whether these are grounds for the claim or not. If you own your barber shop, you'll need Workers' Compensation Insurance to help protect your employees should anything go wrong. When an employee is injured on the job or suffering from a work-related illness, Workers' Compensation Insurance allows you to pay for their medical bills.

This coverage usually reimburses employees for at least a portion of their lost wages, as well. Due to the nature of the profession, it's sometimes difficult for employers to properly classify the barbers they hire as either "independent contractors" or "employees." If your employees are classified wrong, you could be found in violation of multiple state laws and local regulations - including Workers' Compensation violations. For more information, check out this guide. Umbrella Insurance is for those barbers who wish to furnish their business with extra liability protection. This type of coverage comes in handy when barbers are faced with expensive insurance claims - so expensive that they max out the primary policy's coverage. When this happens, Umbrella Insurance steps in to take care of the rest, so you don't have to make up the difference out of pocket. Umbrella Insurance can increase the limits of multiple policies at once, including your General Liability Insurance policy.