insurance renwal

[fastwax]

ive been trading for nearly a year now and my insurance is up for renewal.

does anyone know any good insurance company to go with also what insurance i should have ? (just reading different threads on here im not sure i have the full protection i need!)

i rent beauty rooms above a hair salon at the moment its only me doing beauty but im considering taking someone else on. will i have to change my cover if i hire someone ?

i only have public liability up to 1 million at the moment ( think thats what it is my stuffs at wrk ! ) i got this because thats what the hairdressers said i needed
thanks
kelly

 

[Sharkster]

What about your stock, is this not insured? Or your equipment or cash on the premises? You will need employers liability if you do decide to employ someone. I would also cover business interruption incase the Hairdressers burns down (happens, read that thread recently poor sod).

I have heard that Salon Gold are good and I recently used More Than for Business which were ok but £££££ but it covered everything.

 

[Kim Lawless]

BABTAC are brilliant and you really feel as though they've got your interest at heart. You also get lots of free extra's.
BABTAC – The British Association of Beauty Therapy & Cosmetology

 

[The Guild]

The Guild can offer you £2 million of Public, Product and Treatment liability cover, and stock and equipment cover as an addition. To discuss your specific needs, feel free to give us a call on 0845 2177 383 and one of our advisors will be able to help you.

Also, if you quote Geek as a referral when joining, we can give you a £10 discount.

 

[Just Hair Ins]

Hi, it sounds like you have Freelance Insurance covering Public Liability and hopefully including Treatment Risk - check your policy.

Freelance cover can be extended to include stock/ equipment and ours includes Money (Freelance Hair & Beauty Insurance). Not all Freelance policies provide cover whilst you are resident at one permanent location - check your policy.

If you are looking to employ a member of staff (Employers Liability Insurance is compulsory once employing staff), you will need to switch to a Salon policy - a jump in the premium but the policy provides additional cover including Interruption to the business/ Money etc.

However, if you (with the agreement of the salon below) take on a Freelancer like yourself who has their own customers and willing to share (vice/ versa) then you could both operate independent and rely on your own Freelance policy - check hers/ his policy before starting them.

Check the lease and to talk to the salon whether they will allow you to employ or use a Freelancer.

Good luck

Salon link
Insurance for Hair Salons & Barbers

Freelance link
Freelance Hair & Beauty Insurance

 

[fastwax]

thanks everyone for your help. ive requested an info pack from babtac and will call the other 2 for more info next week thanks again xx