Hairdressers and beauty salons seem to be coping reasonably well during this recession.In fact, many appear to be prospering.This is no doubt due partly to the feel good factor when most peoples attitude appears to be know what? I deserve a treat.The frequency of visits to the salon may have declined, but they dont appear to have entirely dried up, unlike eating out for example.Another factor must be the fact that owners and managers have got back in touch with the realities of running their business with many salon owners looking at their figures on a daily basis.This enforced fiscal discipline is proving very effective, recession or no recession.

Increasing financial awareness extends not just to measures like reducing the number of missed appointments by emailing or texting reminders to clients, but raises questions like how prudent the salon owner must be to safeguard his or her livelihood. Business insurance packages to protect against a number of risks are also coming under closer scrutiny.Salon owners are seeking greater value for money and better levels of cover from their providers to ensure that threats generic to any business (and those unique to the salon business) are guarded against.

Good salon insurance should protect your premises from fire (arson, electrical faults or poor storage of flammable material) as well as typical salon risks like flood or water escape.Minimising the risk of burglary and theft of money goes hand in hand with protecting your valuable stock and fittings.Beauty salon and hairdressing health and safety issues are particularly important for staff and customers given the fact that electrical appliances tend to operate in a wet environment. Aside from those practical concerns, salon owners (like any business person) must have cover in respect of legislation that may affect the business.Employers’ Liability Regulations 1998, Disability Discrimination Act 1995 and Health and Safety at Work Act 1974 are all areas you should be familiar with and are areas your insurance provider should cover

Tags: buisness insurance, salon insurance, small business insurance