1. Number Of Tanning Beds
As you might imagine, a larger salon has more exposure and will pay more on an insurance premium. This is because most professional liability policies base the premium on the total number of units in the salon. There should be a discussion regarding UV units, facial units and spray-on units. Also keep in mind that some insurance programs offer discounts for multi-location salons or single-location salons that are very large.
2. Ancillary Services And Products
Make sure to protect your salon against additional liability exposures that result from ancillary services provided at your salon. Any ancillary service and/or product should be discussed with your insurance professional prior to adding it to the salon. It also is important for you to recognize that you and your salon can be brought into a legal situation, even if the ancillary service personnel is comprised of independent contractors who are not your employees. This is because the clients will receive services at your business.
3. Square Footage Of Salon
Again, the larger the salon, the more exposure—and some general liability policy premiums charge based on square footage.
4. Contents Value
Business personal property insurance (often known as contents) is needed for everything in the salon, including lotions, equipment, improvements & betterments.
5. Distance To The Nearest Fire Station, Hydrants
The speed with which a fire department can respond is a critical part of premium rating. Many salon owners are surprised to hear that the property premium is often based on "protection class," which is determined based on the number and proximity of fire hydrants and staffed fire stations. A salon in a rural area with no clear water source and a volunteer fire department will pay considerably more for the property portion of the premium than a salon in a city with fire hydrants nearby and a manned fire station down the road.
