Friday, June 8, 2012

Choosing Your Nail Salon Insurance

Choosing Your Nail Salon Insurance 

If you have a nail salon, then you may want to ensure that you have nail salon insurance behind you to fall back on. 

Even if you run your nail salon from home then you need to realise that your residential household insurance will not protect you for working from home. 

You also need to tell your household insurer of you do run a business from your home, as failure to do so could render this policy invalid. 

If you own separate premises for your nail salon then you need to ensure that you have adequate cover for your business. 

 When running your nail salon from home your normal household insurance will typically not cover your business. 

If clients are coming into your home then your normal cover will often become invalid and without adequate business insurance, things such as your business equipment, may not be covered. 

If anything were to happen to your stock and equipment, you may lose a great deal of money. Similarly, if someone was injured on your premises and made a claim against you, without business public liability insurance, you could potentially sloe everything if you had to pay out a lot in compensation and legal costs.

Here is how you may benefit from taking out nail salon insurance: 

 · Your contents and stock are usually covered against loss or damage so that you are able to replace them at no cost to you

 · Your insurance policy usually covers any legal expenses that may occur if a client gets hurt or dies whilst on your business premises

 · Treatment liability insurance protects you against claims for damages that have resulted due to a treatment that you have performed on a client. Legal costs may add up to a great deal and without insurance, you may lose your business.

 · Goods in transit cover usually protects any stock or contents that are lost or damaged whilst they are on their way to you. As stock may cost a great deal of money without cover, you have to find the money to replace it yourself. 

 · Your stock and contents are covered in your policy in the event that they were to become destroyed or stolen whilst on your premises. 

 · If you business is interrupted for reasons such as fire that causes extensive damage to the property your policy may cover you. 

 · If you have employees, it is usually a legal requirement to have employers' liability insurance. 

If a member of your staff suffered injury as the result of an accident or were to die whilst working for you and a claim was made, the policy typically pays out towards your legal costs. 

You may want to compare the cost of nail salon insurance premiums as well as the product features and benefits, as they may vary considerably. 

The key to getting the most suitable cover for you is to compare what is offer and then select the cover that most matches your needs. 

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