From slip-and-fall accidents to dissatisfied clients to theft of customer credit card information, salon and spa businesses have to be prepared for the potential financial impact from a wide range of risks.
At biBERK, we provide tailored business insurance coverage at savings of up to 20%. Whether you need workers' compensation, professional liability (also called errors and omissions or E&O), general liability, a business owners policy or BOP (also called property and liability insurance), commercial auto, umbrella, or cyber insurance, just complete a simple form online or speak with our licensed insurance experts to get a fast, free quote. Plus, with biBERK, you can purchase a policy, manage it, and submit claims online for ultimate convenience.
At biBERK, we offer seven different types of insurance for salon, cosmetology, and spa businesses. Depending on the location of your business and other factors, certain types might be better for you than others.
This insurance helps protect your business if an employee is injured, contracts an illness, or dies as a result of an incident on the job. It can cover medical costs, legal fees, and lost wages due to the injury.
Workers' Compensation chevron_rightAlso known as commercial liability insurance, a general liability policy covers damages and legal costs associated with injury claims by customers and other people you don’t employ, damage to other people’s property that was caused by your business, and medical costs associated with these incidents. It also covers libel, slander, and copyright infringement. Plus, there are endorsements you can add to customizer your policy, including cyber, hired and non-owned auto liability, employment-related practices liability, and employees benefits liability.
General Liability chevron_rightThis coverage can be purchased as an add-on to a general liability, professional liability (E&O), or BOP policy. It helps cover costs related to system hacks or data security breaches in which sensitive information has been stolen and fraud has occurred or there is a reasonable expectation that it might occur.
Cyber Insurance chevron_rightEvery insurance policy you purchase has a maximum value that it will cover in the event of an incident. Umbrella insurance adds another layer of protection: it can cover costs that exceed the limit of another liability policy, subject to its own limit. Without it, you may be responsible for anything over your policy limit. Business liability suits can easily exceed the actual value of many small businesses, so we highly recommend an umbrella policy to protect your company.
Umbrella chevron_rightAlso called property & liability insurance, a business owners policy (BOP), combines general liability insurance with coverage for your company’s property. You’ll get protection for the building you own, space you lease, and any property needed to run your business, while also receiving coverage for things like business interruption. This can replace lost income, as well as cover other costs associated with getting your business back up and running after suffering property damage, such as the use of a temporary location. You can also tailor your BOP with add-ons including cyber, hired and non-owned auto liability, employment-related practices liability, and employee benefits liability.
Business Owners chevron_rightAlso known as errors and omissions or E&O insurance, this policy could protect you from the cost of damages and legal fees when someone claims your professional service caused financial harm to them or their business. Coverage includes mistakes on the part of your business (errors) and the failure to perform a service (omissions). Professional liability insurance should be considered if your business provides professional advice, offers a professional service, or has contractual requirements for the coverage.
Professional Liability chevron_rightIf your company owns or leases vehicles, this policy protects your business. This type of insurance can provide coverage for your legal fees and the medical costs of others if your employee is at fault in an accident. It can cover the cost of damages even if the vehicle is used for personal activities outside of its primary business use.
Commercial Auto chevron_rightbiBerk has over 500,000 satisfied customers and focuses exclusively on small businesses. Why is biBerk the business insurance company so many organizations rely on? There are many reasons.