What Are the Best Insurance Companies for Beauty Salons?

The best insurance companies for beauty salons are those that offer comprehensive coverage at an affordable price.

Other factors to consider when choosing a business insurance company for your salon include the company's reputation, financial stability, and customer service.

An insurance company's reputation can be determined by reading online reviews and talking to other salon owners.
Financial stability is important because it indicates whether or not the company will be able to pay out claims in the event of an accident or disaster.
Good customer service is essential in case you need to file a claim or have any other questions about your policy.

When choosing an insurance company for your beauty salon, it's important to compare quotes from multiple companies in order to get the best rate. Be sure to read the fine print of each policy so that you understand what is and is not covered.

Recommended Policy Types for Beauty Salons

Type of Insurance	What It Covers
Property Damage	This can include coverage for the building itself and any equipment or furnishings inside the salon.
Business Interruption	A business interruption policy can help cover lost income if the salon has to close down for a period of time due to damage from a covered event.
Liability	This can protect the salon from lawsuits arising from accidents that occur on the premises or from the use of products sold by the salon.
Workers' Compensation	Worker’s compensation insurance is required in most states if the salon has employees. It can help cover medical expenses and lost wages for employees who are injured while working.
Product Liability	This can protect the salon from lawsuits arising from the use of products sold by the salon.
Business Automobile	A commercial auto insurance policy can cover vehicles used for business purposes, such as delivery vans or cars used by mobile stylists.

Best Insurance Companies for Beauty Salons

We spent hours researching the best insurance companies for beauty salons. We considered factors such as coverage options, price, reputation, financial stability, and customer service. Below are our top three picks.

#1 The Hartford

★★★★★ - Elemental Risk Rating

The Hartford is one of the largest insurance companies in the United States and has been in business for over 200 years. The company offers a variety of insurance products, including business insurance. The Hartford has an A+ rating from the Better Business Bureau (BBB) and is accredited by the BBB.

The Hartford offers two main types of coverage for beauty salons: property insurance and liability insurance. Property insurance covers the cost of repairing or replacing your salon's equipment and furnishings in the event of damage or theft. Liability insurance protects you from financial loss if someone is injured while on your property or if you're sued for professional negligence. The Hartford also offers optional coverages, such as product liability insurance, which can further protect your business.

#2 Travelers

★★★★ - Elemental Risk Rating

Travelers is one of the oldest insurance companies in the United States, with a history dating back to 1864. The company offers a variety of insurance products, including business insurance. Travelers has an A+ rating from the Better Business Bureau (BBB) and is accredited by the BBB.

From Travelers Insurance Company's pool of business insurance products, hair salons can select property insurance, liability insurance, business interruption insurance, and equipment breakdown coverage.

What differentiates Travelers from many insurance companies is that it also offers Inland Marine Insurance for salons. This type of insurance covers movable property, such as salon equipment, that is used away from the business premises. So, if a stylist were to take their equipment to another location to provide services, this type of insurance would cover any damage or loss that occurred.

#3 Donegal Insurance Group

★★★★ - Elemental Risk Rating

Donegal Insurance Group is a regional insurance company that offers a variety of insurance products, including business insurance. The company has an A rating from the Better Business Bureau (BBB) and is accredited by the BBB.

The company offers three main types of coverage for beauty salons: property insurance, liability insurance, and workers' compensation insurance. Optional coverages such as business automobile and product liability insurance are also available.

What we love about Donegal is that they offer a Business Owner's Policy (BOP), which bundles property, liability, and business interruption insurance at a discounted rate. This can be a great option for small businesses that are looking to save on their insurance costs.

Have Questions? Compare Quotes for Beauty Salon Insurance

Here at Elemental Risk Management, we understand that each business is unique and has different insurance needs. We work with a variety of insurance companies that offer beauty salon insurance so that we can find the best coverage at the most affordable price for your business.

Get started today by getting a free quote for beauty salon insurance. We'll compare quotes from multiple insurers so you can find the best policy for your business.