Suppose you rent a booth or chair, in a salon. In that case, you will need booth rental insurance. The latter is coverage for independent beauty professionals like you. Whether you are a manicurist, barber, hair stylist, esthetician, or cosmetologist renting a chair or booth, you want to move past the fear of liability to concentrate on creating an intimate relationship with your customer base and establishing your personal brand. A salon chair & booth rental insurance ensures that you can carry on treating your customers with confidence without worrying about your business and your reputation. Note that often, the salon owner will require that you present liability insurance for the booth rental before they can sign a contract with you.
Granted, flying solo behind the chair is great. No one dictates when you work, what services you offer, or what you charge your clientele. Other than the rental fees for the booth or chair, you get to keep all your earnings. Moreover, you get to use your favorite products and experiment with different styles.
While it sounds all great, you ought to understand that as a booth renter, you're not a partner at the salon. You are, in fact, running a small, independent business, separate from the salon entity. As an independent contractor, you are required to do all your marketing, bookkeeping, and the proper licenses.
What if you accidentally damage a client's hair or damage equipment at the salon? Chances are the client or the salon management will lodge a complaint against you, and things could turn ugly.
Other than the lawsuit damaging your bank balance, it could leave your reputation in permanent shambles.
Insurance for salon booth renters takes care of these costs for you. You go on with providing your clients with the best service without worrying that a mistake or accident would occur.
As an industry standard, you require hair salon booth rental insurance for you to get a chair or booth at an establishment. This booth rental salon insurance covers both you and the salon in the event of an unprecedented occurrence.
Suppose the customer you are working on trips over a hairdryer cable, and they need treatment for a sprained ankle. Further, consider a situation where you accidentally spill hot wax on the client and cause burns over their designer handbag, which gets damaged. Chances are, these incidents, among others, will attract a claim. General liability insurance for booth rental covers:
Injury to the client
Damage to the client's property
Liability insurance for salon booth renters covers the medical bills, the costs of repairs or replacement, legal fees incurred, and the compensation that you might be required by law to pay.
As a hairdresser or beautician, you are contracted to treat people's hair, faces, and bodies. If you were to make a mistake, there's a likelihood of pain, scarring, and emotional distress. Trouble is that, as a professional, you are likely to get sued by a disgruntled customer.
Professional liability insurance protects you in such a situation. The coverage of professional liability insurance applies when you’re sued for:
Negligence-You were not paying full attention while providing a service to a client. As a result, the client incurred injuries and had to pay for medical expenses
Misrepresentation-The client sued and accused you of lying about the benefits or price of the beauty service you provide
Breach of confidentiality-The salon booth owner sued you for losses because you allegedly shared confidential information about his or her business to third parties
Violation of good faith-A client hired your services for a wedding. It was stated in the contract that you must work on at least 10 people. However, you only serviced 8
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Salon chair rental insurance, often referred to as booth renters or beauty salon chair insurance is insurance for hairdressers renting a chair. This is a type of business insurance that applies to you as the party that rents space inside a salon. The premiums you pay cover the claims in the event of complaints from their client concerning their appearance, injury, and damages. Your insurance coverage ensures that you do not pay out of pocket. Besides, you could potentially avoid your hairdressing business from sinking.
As a cosmetologist or beautician renting a chair or booth at a salon, you need cosmetologist booth rental insurance. Insurance for cosmetologist booth rental covers you and your business in the event one of your clients suffers an allergic reaction from the products you're using, there's an accidental spill of nail polish or beauty product on a customer's handbag or clothing, or if they overhear a not-so-nice remark you made against them. Overall, the cosmetologist booth rental insurance covers your business from going underground in the event that any of these happen.
Overall, there are three basic business policies for both hairdressers and cosmetologists renting salon booths. These include:
General liability insurance
Professional liability insurance
As an independent contractor in the beauty industry, your tools are your trade. You want to ensure that these tools are covered against theft, damage, and loss. Unless your pockets are deep, it could take a significant toll if you had to pay out of pocket to replace or repair.
The equipment insurance for booth renters covers your equipment, even when the equipment is in transit. In the event that the equipment is stolen, lost, or damaged, the equipment insurance for booth renters covers all costs.
Depending on the contract you have signed with the establishment, there are additional policies that you might need. These include:
Business interruption insurance
Workers compensation insurance
Cyber liability insurance
Commercial property insurance
Employer’s liability insurance
Employment practices liability insurance
Product liability insurance
Employee dishonesty insurance
As a booth renter, you’re responsible if the space entrusted to you by the owner is damaged or destroyed. One of the insurance policies you can use to cover costs is commercial property insurance. Here’s how it works:
Commercial property insurance will take care of repair expenses if the salon booth you’re renting becomes damaged due to fire, theft, vandalism, extreme weather, and other covered perils
Commercial property insurance will cover the reconstruction of the salon booth you’re renting if it becomes damaged due to fire or extreme weather. The amount you’ll receive is equal to the covered property’s actual cash value or replacement cost
Note that commercial property insurance doesn’t cover destruction or damage caused by earthquakes, floods, and mudslides. You need to purchase endorsements or other specialized stand-alone policies to get covered against these.
Moreover, commercial property insurance can have the following add-on depending on the carrier underwriting it:
Stocks and contents coverage-Stocks and contents coverage will recoup losses if the beauty products you’re selling becomes damaged or lost due to fire, theft, vandalism, extreme weather, and other covered perils
Consider getting business interruption insurance if you want coverage in case you have to halt business operations temporarily to make way for renovation, relocation, or an economic crisis. While your business isn’t generating income, business interruption insurance will cover rent, loans, mortgages, and other operational costs.
Some states require independent professionals to get workers' compensation insurance for themselves. If this applies to where you’re working right now, then you need to purchase the coverage or else hefty fines and penalties will be imposed.
So what does workers' compensation insurance do? When you suffer from a work-related injury or disease, this insurance will cover:
Medical treatment/procedure-If you sustain a cut, burn, laceration, or become sick, workers compensation insurance provides the money that will cover surgeries, therapies, and other medical treatments/procedures needed for a full recovery
Hospitalization-Injuries or diseases sustained due to work might require intensive care in the hospital. Workers' compensation insurance will cover hospital fees if you need to be admitted for days, weeks, or months
Medication-Workers compensation insurance will help cover the cost of medicines the attending physician recommends so that a work-related injury or disease doesn’t aggravate after treatment
Rehabilitation-Work-related injuries or diseases might impair your bodily functions. As a result, rehabilitation will be required for you to recover or adapt to the impairment. In connection, workers' compensation insurance will take care of therapist fees, expenses for rehabilitation equipment, and other related expenses
Lost income compensation-If you can’t work due to a job-related injury or disease, workers' compensation insurance covers lost income. This is a weekly allowance equal to two-thirds or 67% of your mean weekly income. For example, if you make $1,864 per week, lost income compensation will be $1,248.88
Death benefits-Workers compensation insurance will take care of funeral expenses if you die because of a work-related injury or disease. Also, it provides an allowance to your dependents
Before we proceed, allow us to discuss other things you need to know about workers' compensation insurance.
Workers' compensation insurance is commonly a coverage for part-time employees, full-time employees, and contractors. But as we said earlier, you can get this for yourself if you’re in a state where independent professionals and sole proprietors with no employees are required to get workers comp.
Also, fines and penalties for the failure to purchase workers' compensation insurance are as follows:
Imprisonment in the country jail
A stop-work order issued by government authorities
A fine equal to twice the amount you would’ve paid for workers comp premiums
A fine multiplied by the days you were not covered by workers comp insurance
Product liability insurance is handy if you’re also selling beauty products aside from providing beauty services. When a beauty product you sold has expired and caused rashes or any other severe reactions to the user, product liability insurance will cover costs if a claim is filed. It will take care of attorney fees and administrative costs. If ever the aggrieved person wins the lawsuit, product liability insurance will provide compensation on your behalf.
Get employer's liability insurance if you have an assistant. When your assistant sustains an injury and you fail to provide compensation or delay it, he or she can sue for negligence. This is where employer’s liability insurance becomes useful. This will pay for attorney fees, administrative costs, settlements, and other legal expenses.
Employer’s liability insurance is usually paired with employment practices liability insurance. Employment practices liability insurance covers legal expenses when an employee sues you for offenses that employer’s liability insurance doesn’t cover- sexual harassment, wrongful termination, discrimination, etc.
You also have to consider the losses you’ll incur when an assistant commits a crime. And so, consider purchasing employee dishonesty insurance. Employee dishonesty insurance will cover your financial losses if an employee commits any of the following:
Destruction of money, cheques, and securities
Do you use a device or application which handles client information to collect payments? If this is the case, consider getting cyber liability insurance. Cyber liability insurance will cover the following if ever the client data under your care becomes breached and is used for malicious purposes:
Compensation for economic or financial loss
Public relations cost
Expenses for containing the breach
A business insurance policy or a BOP is a coverage that combines commercial property insurance and general liability insurance. It also features other useful insurance policies such as workers' compensation insurance, commercial auto insurance, cyber liability insurance, and more.
The most common booth rental insurance plans include both professional and general liability coverage of $2 million annual aggregate with $1 million per occurrence. Most of these booth rental insurance policies are either occurrence or claim based.
If you decide on a $1 million getting general liability insurance, you might get the policy for a tad bit less. You will pay $33 per month or $396 per year for booth rental insurance. Further, suppose you decide on combining general liability insurance and professional liability insurance coverage. In that case, you will pay close to $100 a month.
It is prudent to mention that the cost of your booth rental insurance is dependent on the size of your business. Another factor that the insurer will consider when reaching your premiums to pay will be your business's history of working with clients.
|Cost per Month||Cost per Year||Best for|
|NEXT||$8.34||$100.08||Hairstylists renting a booth or chair in a salon|
|CoverWallet||$31||$372||Salon booth renter’s insurance quotes comparison online|
|Thimble||$35||$420||Salon booth renter’s business owner’s policy|
|Geico||$38||$456||Independent contractors offering a broader spectrum of services, including hairdressing and cosmetology|
|Hiscox||$45||$540||More experienced hairdressers and beauticians|
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There are many salon booth rental insurance companies. That’s why we’ve made a short review of the best options. Read to know the pros, cons, and monthly $1 million general liability insurance cost of the best booth rental insurance companies.
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Has certified acts of terrorism coverage
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CoverWallet provides coverage for salon booth renters through its insurance for hair and beauty salons. This company’s tailored coverage provides you a $1 million general liability insurance with products and completed operations coverage. Other inclusions are professional liability insurance and commercial property insurance. At an additional cost, you can add hired/non-owned auto coverage to your policy as well as coverage for certified acts of terrorism.
Best for: Salon booth renter’s insurance quotes comparison online
Average cost: $31 per month
Our rating: 10/10
Monthly payments with no hidden charges
Fast response to claims
Rather expensive premiums
Hiscox has been in business for 150 years, during which they have curated specialty products for booth and chair renters. The insurer, who acts as an underwriter for Lloyd's of London, has both professional and general liability coverage for professionals within the cosmetology profession and hairdressers. Note that if you file a claim in the US or Canada, you will be covered even when renting a booth or chair elsewhere on the globe. The average cost you'll pay is $45 per month and $540 per year.
Best for: More experienced hairdressers and beauticians
Average cost: $45 per month
Our rating: 10/10
Discounts are available if you bundle two or more products
A+ rated beauty & bodywork policy
Excellent customer service
You can't file a booth and chair rental claim through Geico
Fewer local agents
Geico has been offering auto insurance for over 70 years. However, they have since included booth rental insurance as part of their offerings. Their most competitive offering has to be the professional liability insurance that protects your business from claims of errors and omissions. For $38 monthly and $456 annually, you get comprehensive insurance, which is particularly handy if you offer an array of hairdressing and cosmetology services.
Best for: Independent contractors offering a broader spectrum of services, including hairdressing and cosmetology
Average cost: $38 per month
Our rating: 9/10
Add additional insureds for free
Live certificate of insurance
Easy policy management with the NEXT app
Poor customer reviews on BBB
NEXT provides coverage for hairstylists renting a salon booth or chair. Policies available are general liability, workers compensation, commercial auto, professional liability and commercial property insurance. You can get instant coverage from this insurance company. Moreover, your insurance policy comes with an innovative certificate of insurance that can be sent through different digital channels.
Best for: Hairstylists renting a booth or chair in a salon
Average cost: $8.34 per month
Our rating: 8/10
Unlimited ACORD 25 certificate of insurance
Cancel or pause a policy anytime
Hard to get in touch with customer support
Salon booth renters can get coverage from Thimble through the company’s beauty salon insurance. This is a tailored coverage that’s underwritten as a business owner’s policy having general liability insurance, commercial property insurance, equipment breakdown coverage, business interruption insurance, and non-owned/hired auto liability insurance.
Best for: Salon booth renter’s business owner’s policy
Average cost: $35 per month
Our rating: 8/10
Lonnie Bell Insuranker
Policy Type: Business Insurance
Company name: Employers Insurance
Use anyone except Employers. Period. They are non-transparent and shameful. After I complained long enough to warrant a call from a supervisor, the supervisor called back from a PRIVATE NUMBER (no caller ID), left a message that they are not reversing their decision (without any communication with me), and failed to leave a phone number for me to call back. She was hiding! They also fact find via email and phone calls, which is terrific for speed and communication. However, after setting a precedence of email or phone calls, they send time sensitive information via email, without any heads up... they are hoping you miss it and forfeit via expiration. Evil policies. Go elsewhere.
This place is an absolute joke of a company and should be ashamed of the way they conduct business. I was hurt on the job at the end of July and it took them just shy of 7 weeks to issue out a paycheck to me. Yes the amount was back dated but still. Not many have the luxury of not receiving a paycheck for almost 2 months. To top it all off, the original adjuster marked me down for the wrong state which caused a problem from the get go, I've had 3 different adjusters now since each one can't seem to figure out the simplicity of my claim. All my paperwork which includes, my job, house, and drs visits all are from the same state and city but yet some how I have been filed under a completely different state 1500 miles away. They do not answer your phone calls or emails no matter how many you leave. I've had to escalate my frustrations to the supervisors of each of these individuals in order to even get some kind of response. I've had more communication and information given to me about my claim from the customer service representatives then the actual adjusters.......... please tell me how that works?! A serious overhaul needs to happen here in order to serve your clients the way they deserve to be taken care of. 10/10 do not recommend this company to a single soul on earth
I have never had the displeasure of working with a more incompetent and disrespectful person in my life. I’m an injured worker and the adjuster that was assigned to my case was named Carrie Furgeson. In the past 6 weeks that I’ve been injured and out of work I have only been able to get ahold of her twice, not for lack of trying. I have left countless voicemails, countless emails, and she ignores them all. When I am finally able to get ahold of her I’m greeted with terrible customer service. She is rude, she talks over me and I’m hardly able to get a word in edgewise. She spelled my name wrong on my documents even after I spelled it for her properly countless times, this caused a whole new issue with my bank. I have bill collectors from the hospital calling me demanding payment and Carrie Furgeson won’t do a single thing to help, or to get them paid. All of my documentation is in Colorado, my job is in Colorado, my address is in Colorado, all my Dr offices and appointments have been in Colorado and Carrie still managed to hold my claim because she wasn’t sure what state she needed to file it under. It’s been 6 weeks since my Injury and my company still hasn’t received the wage paperwork to fill out so they can get me my correct wages. When she’s not ignoring me she’s answering my questions with “I don’t know” well I don’t know how she got this job, because apparently she doesn’t know anything about it. She is a disgusting morose individual inside and out and I genuinely wish her the worst in all of her future endeavors. I highly recommend you don’t use this company. Please if you are a business owner and your looking into this company please don’t use them. I’m sure they have the cheapest payment and that’s why companies use them in the first place, but you will be doing your employees a grave disservice by forcing them to venture into this absolute dumpster fire of a company. I would rate 0/5 if possible but 1 was the lowest I was allowed.
Their general liability insurance purchase process is simply the best online experience I've ever had in my life!
As long as they cover your line of business, you're literally covered! best rates, best coverage, best online experience, best professionals, can't be happier that I chose them!