It takes time to create the ideal hair salon, find a talented team of stylists, and attract a loyal client base. Once you've turned your dreams into reality, it's vital to protect what you've built. As a salon owner, safeguarding your small business means having the right insurance coverage for your employees. If one of your employees sustains a work-related injury or illness, your salon needs the right level of workers' compensation insurance to stay protected. Mandated by law in most states, this insurance generally helps to shoulder the financial burden of an employee's medical and disability expenses, rehabilitation services, and even lost wages. Workers' comp can also provide your business with immunity in the event of a lawsuit for the injury or illness in question.
Your stylists work tirelessly to give their clients beautiful haircuts, perfect up-dos, and sleek blowouts. But inside this sophisticated setting, it's vital to acknowledge the risk factors at play. While creating their masterpieces, your staff likely wields sharp scissors and hot equipment like hair dryers and straighteners, and uses styling products that might cause an allergic reaction or skin irritation. Hair salons can face a higher risk for slip-and-fall accidents when hair clippings, shampoo spills, and water pile up between cuts and cleanups. As a salon owner with employees, you may want to consider or even be required to carry workers' compensation insurance to keep your business protected.
Coverage for Work-Related Illness or Injury
If an employee sustains a work-related injury or illness, your hair salon's workers' compensation policy can step in to help. If their health condition is critical, the medical bills and hospital expenses can be astronomical. Without workers' compensation, the financial burden could fall on your business. In general, workers' comp for hair salons can help cover these expenses and can either prevent or help respond to an employee filing a legal claim against your salon. This insurance may also assist in the event of long-term or permanent disability.
Coverage for Vocational Rehabilitation
It takes years of training and mentorship to become a qualified hair stylist and gain a loyal clientele of salon patrons. To help ensure your employees don't lose their careers after an accident, vocational rehabilitation assists in retraining lost skill sets and accommodating any physical impairment. These specialized services are often covered by workers' compensation, which allows your employee to return to work as quickly as practicable without paying hefty out-of-pocket fees for their rehabilitation.
Protection Against Lost Wages
The financial stress of medical bills is magnified when the injured or unwell employee can't return to work immediately. Generally, workers' compensation can help alleviate this burden by providing claimants a percentage of their lost wages. During this difficult time, employees should focus on their recovery, rather than jeopardizing their health by rushing back to the salon.
How to Get Workers' Compensation for Your Salon
AmVenture Insurance Agency, Inc. makes it simple to create a tailored insurance package for your hair salon. We offer access to hair salons workers' compensation packages and other top-rated products to help safeguard your small business from various financial hardships. To start building your coverage plan, fill out our brief online form or call a knowledgeable representative today.