Keeping clients well groomed, managing your stylists, and stocking grooming products can expose a barber shop to a wide range of unique risks. This is also in addition to the typical issues and risks that most small businesses in Laurel, MD deal with such as loss of critical records and property damage.
Therefore purchasing a barbershop commercial insurance coverage from Mid Atlantic Insurance Financial is vital since it will protect you and your business against financial ruin should something terrible happens. Here are some other reasons why you need to consider purchasing commercial insurance for your barber shop.
Accidents Can Happen
What will you do if a customer slips on a stray pile of hair in your barber shop and suffers severe injuries? Are you ready to incur the financial burden that comes with such a situation? You need to keep in mind that an average day at your barber shop involves an inflow and outflow of clients; from the door to the reception area, to the chair, shampoo area, etc.
All these movements are risky especially when cleaning is taking place. This means that it is too easy for a customer to slip and fall. General liability insurance will protect you and your business against any significant financial loss resulting from bodily injury to others, or property damage and this is usually the building block of any commercial insurance.
Your Business Can Be Sued for Negligence
Running a barbershop is a risky venture. You may be dealing with celebrities and other prominent who value their looks so much. A slight mistake in the haircut or shave can be costly to your business. Your barbershop will be at a higher risk if a client alleges that you or your stylists have been professionally negligent.
A client may also file a lawsuit against you if he/she believes that the chemicals you used can lead to permanent injuries. Therefore, you need professional liability coverage to cover such claims that are related to professional services.
Protect Your Business Property and Equipment
A barbershop commercial insurance policy also helps to protect the equipment and supplies that your business owns. Your business property will also be protected against theft and any form of damage. You need this coverage since it will ensure that you are back on your foot even when the worst happens to your barber shop.
Do you run a barber shop business in Laurel, MD? Contact Mid Atlantic Insurance Financial today for your commercial insurance policy that will help protect your investment.