The Ultimate Guide to Public Liability Insurance for Hairdressers

Hairdressers operate in several different ways, as a salon, owner of a business, mobile, and even self-employed. Whatever the circumstances of your particular business, you must be aware of your responsibilities to your employees, colleagues and clients.

Although it may be a glamorous trade, the tools you need to carry it out aren't quite so glitzy. Chemicals, scissors, razors and hot appliances all have the potential to cause harm and make a case for liability insurance on their own but combined with the risks that all businesses face every-day make public liability insurance for all hairdressers an absolute and indisputable necessity.

One of the important things to consider is one that many people feel doesn't apply to them or their business; professional negligence. Even if there has never been the slightest suggestion of your salon cutting corners or not adhering to industry standards, the fact remains that we currently live in a claim culture. Today's society thrives on blame and no win, no fee solicitors will stop at nothing in attempting to prove liability.

Other claims may be instigated against you or your salon for unintentional accidents which happen to clients. A trip over a wire, a slip on split product, a burn from straighteners or a nick from scissors, a solution which causes damage to a client's hair or skin. These risks are increased if you visit your clients at their premises, unforeseen property damage by peroxide dripping on to their carpet for example.

Employer's liability insurance isn't optional if you have any staff working for you and your business, it's a legal obligation. It doesn't matter if your staff are part time, full time, trainees or apprentices; they are equally as likely as your clients to suffer from an industry related accident such as a chemical reaction, burn, trip or fall. Similarly employees are just as entitled to bring legal procedures against you if they consider the incident is due negligence.

A non-obligatory element to public liability insurance for hairdressers is product and treatment cover. Even though this isn't considered absolutely necessary and you may be on a tight budget, common sense should tell you to purchase product and treatment cover.

Another non-obligatory element is cover for stock and equipment while it is in transit. Whilst this may be an obvious choice for mobile hairdresser, it should also be considered by any business that transport purchases from a wholesaler to their own premises in their own vehicles.

Everybody knows that hairdressing salons are glamorous and luxurious places where people go to be spoiled. Unfortunately insurance doesn't really have a role in that image but your peace of mind will be increased and your worries lessened by the security of financial protection.

Public liability insurance for hairdressers should always be purchased from a reputable broker such as Specialist Risks

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Public Liability Insurance for an Electrician

Public Liability Insurance is an insurance policy where a tradesman can insure against any third party injury or any third party property damage that they may cause during the course of their work. Although this is not an insurance that is legally compulsory you will find that most companies are now insisting that this be in place before you can undertake any work for them.

For an electrician there are generally two different types of policies that you can get; one is a standard policy that just covers small electrical jobs whilst the other one includes 3-phase work which is obviously more dangerous work hence why a policy including this is likely to be more expensive and you may find that some companies won't cover that kind of work at all.

An electrician obviously has to go into homes and businesses alike to deal with their electrical equipment and therefore they could either accidentally cause damage to the property they are going in to do the work for example if they were to knock anything over or if they were to accidentally damage any part of the building that they weren't actually doing the work on.

The second part of cover that you can get as an electrician is if whilst doing your job you was to injure any person around you, the most obvious way this can happen is if you leave any tools, leads or toolboxes lying around and someone was to trip over them, they would then hold you responsible for their injuries and this is where the insurance policy would step in and cover you.

There are three levels of cover that you can usually get with this type of insurance starting at one millions pounds worth of cover and rising to either two million or five million. Prices for non 3-phase work start from about fifty pounds per year for the lowest level of cover whereas if you have 3-phase included it will generally be around about eighty pounds for the year, obviously if you were to get higher than the lowest level of cover then you would pay more for this.

When you consider that if something was to go wrong then you could get left paying the costs of any incident where someone may hold you liable then the prices above don't seem so steep to pay once every year compared to a claim that you could get stuck with that could run in to thousands of pounds depending on how serious the incident is.

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Protect Your Business With Public and Product Liability Insurance

Business insurance is a complex field and small and medium-sized firms need to look into various products such as Public and product liability insurance which can help protect them from different kinds of financial liabilities.

Public Liability

Public and product are two financial tools that are voluntary for businesses but can help a business save a lot of money in future.

Public liability insurance covers a business against claims made against the business by the public, for example in cases where the business is held liable in case of property damage or personal injury. Such insurance includes coverage of legal costs with regard to claims made against the business. Premiums usually depend on the kind of business, the number of employees on rolls and turnover. The problem arises when business try to evaluate the level of protection they require. It is best not to underestimate requirements as the business may end up paying huge amounts as legal fees in case of a large number of liability cases against it.

Product Liability

As for product liability insurance, a manufacturer or supplier of goods can opt for this insurance if there is a possibility that the product could cause any sort of damage to consumers or to property. Small defects can lead to massive claims, so it is quite essential that product manufactures opt for product liability insurance.

When it comes to public and product liability insurance, a business should look for the policy that will guard it against any unforeseen circumstances, indemnity costs etc. Businesses can try to reduce premiums by adopting strict quality control measures beforehand and inform the insurer about the taken measures.

Directors and Officers Liability

Directors and officers is a special kind of insurance meant to protect past and present high level executive officers of non-profit as well as private companies from damages arising from actual or alleged wrongful acts committed in their executive capacities. It provides protection to directors and officers in causes of actual or alleged misstatement, error, and omission, breach of duty or misleading statement. Directors and officers liability insurance is necessary when ever there is a board of directors.

Any private or non-profit company with an advisory committee or corporate board should give serious consideration to this kind of insurance. Directors and officers would want this coverage to protect themselves from claims made by employees, stockholders or clients. Few would want to risk their personal assets in case of liability. Directors and officers liability insurance covers defence expenses as well as settlements and financial damages.

As a business owner or corporate entity, you will realize that the benefits of Public and Products Liability Insurance far outweigh the costs involved. Talk to your insurance provider today!

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