6 Best Beauty Salon Insurance Companies 2023
Beauty salons need a wide range of coverage: general liability, professional liability, property, and workers’ compensation if you have employees. The best beauty salon insurance companies can provide all of the necessary policies, with endorsements and custom coverages to match your particular business. We evaluated 16 different providers to find the six best beauty salon insurance companies.
- The Hartford:Best overall salon insurance provider
- Simply Business:Best for finding coverage by comparing options
- Next:Best for estheticians and cosmetologists
- Beauty & Bodywork Insurance:Best for mobile services
- Nationwide:最适合实体beauty salons
- Hiscox:Best for home-based beauty professionals
Best Salon Insurance Companies Compared
Quote Process |
Policy Purchase Process |
Accessibility |
Instant Certificate of Insurance (COI) |
Financial Rating |
|
---|---|---|---|---|---|
|
Online |
Online or over the phone |
24/7 call center |
✓ |
A+ (Superior) |
|
Online |
Online |
Monday to Friday, 8 a.m. to 8 p.m. Eastern time |
✓ |
A++ (Superior) |
|
Online |
Online |
Monday to Friday, 6 a.m. to 5 p.m. Pacific time |
✓ |
A- (Excellent) |
|
Online |
Online |
Monday to Friday, 8 a.m. to 8 p.m. Mountain time |
✓ |
A+ (Superior) |
|
Online |
Over the phone |
24/7 call center |
✕ |
A+ (Superior) |
|
Online |
Online |
Monday to Friday, 7 a.m. to 7 p.m. ET |
✓ |
A (Excellent) |
The Hartford: Best Overall Provider for Salon Insurance
Pros
- Fast quote
- Instant access to policy
- 24/7 claim services
Cons
- May be unable to purchase policy online
- Slightly higher premiums than other providers
- No app to manage your policy
Standout Features
- Every type of insurance your salon needs is available
- Responsive customer service with low complaints
- One-stop shop for policy management, customer service, and claims
Financial stability:The Hartford has been paying claims for more than 200 years. It has the financial resources to handle claims and has arating of A+ (Superior) from AM Best.
The Hartford, which tops our list of thebest small business insurance companies, provides a wide range of solutions for salon insurance, including general liability, professional liability, business owner’s policy (BOP) and workers’ compensation. The BOP has endorsements that can help tailor the policy for your business, and it offers a combination policy of general liability and professional liability for salons.
其范围内可用的政策,24/7的可用性, and nationwide coverage is why The Hartford is our overall best provider for salon insurance. However, it took a hit in our evaluation because you usually cannot purchase a policy online or for same-day coverage.
Unlike Nationwide, which has similar offerings, The Hartford makes it easy to manage your account online and get aCOIwhenever you need one.
We received a beauty salon insurance quote for a specialized liability policy that costs $1,085 annually. It combined general liability and professional liability using the same limits. If you pay in full, you save $93—or there is the option for four payments. The policy had limits of $1 million per occurrence and $2 million aggregate.
The Hartford has customized salon insurance by offering a liability policy that combines general liability and professional liability insurance. It provides tailored coverage to fit your specific industry—and it is large enough that it can offer 24/7 support, risk management, and other coverages that your business may need, like workers’ compensation.
Complaints filed with state departments of insurance are tracked by the National Association of Insurance Commissioners (NAIC). The Hartford has lower-than-average complaints, meaning customers are satisfied overall.
This matches with user reviews of The Hartford. When it comes to the claim experience, reviewers have given it an overall rating of 4.8 out of 5 stars with over 15,000 reviews.
For most policies, including ones for a beauty salon, you can get a quote and purchase the policy online. The process takes less than 10 minutes. If you have questions about what coverage is right, you can call The Hartford and speak with an agent or reach out to a local independent agent.
Simply Business: Best for Finding Coverage by Comparing Options
Pros
- Compare quotes quickly
- Same-day coverage
- Purchase policy online
Cons
- Unavailable 24/7
- Depending on the services of your salon, you may have fewer quotes
- Commercial property insurance may not be available online
Standout Features
- Compare quotes for multiple lines of coverage
- Tailor quotes in real-time to make sure the coverage is right for you
- Purchase a policy online without speaking to anyone
- Works with top-rated carriers
Financial Stability:Simply Business is owned by Travelers, which has anAM Best rating of A++ (Superior).
Simply Business is an online brokerage that specializes in small business insurance. Its target customers are businesses with five or fewer employees, but it can still work with larger businesses. For hair stylists, barbers, and beauticians, it offers online quotes for general liability, professional liability, workers’ compensation, and cyber insurance. It stands out in this guide by being the only brokerage that can provide you with several quotes from different carriers.
After purchasing a policy, it gives you control via your account—but it does not handle any claims. So if you want a provider that services the policy through the entire cycle, you’ll want to consider a carrier like The Hartford or Next.
Its score for customer satisfaction in our evaluation isn’t due to Simply Business itself but the fact that in our scoring, we factor in how satisfied customers are with the providers it works with. While most perform well, some have a higher-than-average level of complaints with the NAIC.
We received three beauty salon insurance quotes while researching this article.
Two carried both general liability and professional liability insurance. Each of those carried limits of $1 million per occurrence and $2 million aggregate for the general liability and $1 million total liability for professional liability. One cost $2,373 yearly or $395 after a down payment of two months of coverage, and the other cost $2,076.72 annually or 10 payments of $173.06 after paying for two months as a down payment.
如果哟u prefer just professional liability, there was a separate quote for that from Hiscox for $970 annually or $80.83 for 10 months after paying for two months of coverage.
Simply Business offers insurance in all 50 states and has over 800,000 global customers. For services, you can manage your policy, which includes requesting a COI. Depending on the request, you can either make the change in real time or wait for assistance from a company representative. It offers flexible payment options that do not necessarily require a large down payment.
By partnering with multiple top-rated carriers, Simply Business gives you the freedom to compare quotes in real time and purchase a policy online without needing to speak to anyone. If you do wish to talk to a person, it has dedicated agents who are available during weekday hours.
The broker is well-reviewed by its customers. There are nearly 700 reviews on Trustpilot[1]平均得分4.7分(满分是5星。如果哟u have to file a claim, you’ll need to contact the carrier directly. Simply Business publishes the claims contact information for all the carriers it works with on its website.
Next Insurance: Best for Estheticians & Cosmetologists
Pros
- Policy package options
- Same-day coverage
- Purchase insurance online
Cons
- Coverage varies by state
- No 24/7 availability
- Quotes can sometimes be high
Standout Features
- iOS and Android apps act like a 24/7 call center
- Create and share COI on app
- Coverage for higher-risk salon jobs
Financial stability:While Next is new to the insurance field, having been founded in 2015, it has established itself financially. It israted A- (Excellent) by AM Best.
Whether you are a cosmetologist who owns your business or an esthetician contracting inside of a salon, you’ve probably learned that it can be hard to find a provider who will insure you at an affordable rate. However, Next Insurance has great options for you.
For both estheticians and cosmetologists, it offers three policy packages, so you can buy one policy and get all of the coverage you need. It offers commercial property, general liability, professional liability, and workers’ compensation.
Its quote system is another standout feature because while all of the quotes are for the same company, it gives you options for different levels of coverage and allows you to purchase the insurance online and often with coverage beginning on the same day. It lost points in our evaluation mainly for customer satisfaction given that it is only open on weekdays. Even then, in our research, it is difficult to reach a live person.
We received a quote for the deluxe coverage package that cost $100 annually, or only $8.34 monthly. The policy was for a combination of general liability and professional liability. Each coverage carried the same limit of $1 million per occurrence and $2 million aggregate. The quote was for an independent esthetician working in a business owned by a business.
Next is a direct-to-consumer insurance company, meaning you can purchase policies directly from it. As such, it states you save up to 25% on business insurance through it. While this was the lowest quote received while researching this article, that doesn’t mean every business will receive the same quote.
As a newer company, Next Insurance only has a few years of data with the NAIC, but its complaints are lower than the national average. Like most carriers, it allows customers to leave reviews of their experience. On its website[2], there are currently over 5,000 reviews with an average of 4.5 out of 5 stars.
Convenience is where Next really shines. You can get a quote and a policy in minutes. Once you purchase a policy, you have access to the documents and can instantly create COIs. Next stands out from its competitors by giving you full control over your policy management on your phone. Its app lets you make changes, file claims, and even create and instantly share a COI. While Hiscox and The Hartford also let you create COIs, none of them have a process as seamless or quick as Next.
Beauty & Bodyworks Insurance: Best for Mobile Services
Pros
- Nationwide coverage
- Strong Financial Rating
- Easy online experience
Cons
- Does not handle claims directly
- Not available 24/7
- Coverages limited to the policy package selections
Standout Features
- Affordable insurance with high limits
- Insurance available for students in cosmetology school
- Create and gain instant access to a COI
- Access to your policy documents instantly
Financial Stability:The policies offered are underwritten by the Great American Insurance Group. It has anAM Best rating of A+ (Superior).
Of the providers we reviewed, Beauty & Bodyworks Insurance has the most affordable and quickest policies you can purchase for your beauty salon. If you work as a massage therapist or beautician who offers mobile services, including in people’s homes or by visiting a place of work, it is the best option for you. There is no limitation on location, and it will insure mobile beauticians and related services.
It offers you the base liability policy. You can then customize it by adding from preselected coverages your industry regularly uses. With this model, you have control over your insurance and can trust the coverages available are standard for your industry.
This process is unique among the providers reviewed. While most carriers offer a way to select coverage, sometimes, the options are literally every coverage the provider sells—and that can be overwhelming. By streamlining the options to what most professionals in your industry use, it helps make it easier to purchase the right coverage.
它可能已经收到了我们evaluat更高的分数ion if there was a way to reach anyone after hours or on the weekend. Since it is not a carrier, it does not handle claims directly. Instead, claims are initiated through the dashboard and then a claims adjuster reaches out within several business days.
The policy offered by Beauty & Bodyworks is the most affordable policy we found, but you do not sacrifice coverage for the price. You can purchase the base policy for $96 annually—the price can increase from there as you add coverage, but even with additions, it still stays low.
The policy has general and professional liability with high limits of $3 million and the option to add equipment coverage. It is best for an independent stylist who rents a chair in a salon. It also includes products and completed operations with an aggregate limit of $3 million.
We received a quote for $139 a year. This included the above coverage with additional coverage to fit our needs: $2,000 for equipment, dry-cupping coverage, and unlimited additional insureds.
The purchase process takes less than 10 minutes, and coverage is available in all 50 states. Once you have purchased a policy, you have access to your documents, including a COI, and can file a claim through the online dashboard.
如果哟u do need to speak with a licensed agent, you can call Monday through Friday, from 8 a.m. to 8 p.m. MST.
Since Beauty & Bodyworks Insurance is not a carrier, it is not subject to NAIC complaints. The carrier it works for, Great American, has lower-than-expected complaints. Also, its reviews online are positive—on Google, it has 4.7 out of 5 stars.
Nationwide: Best for Brick-and-Mortar Beauty Salon Owners
Pros
- Policies available
- Works with independent agents
- 24/7 availability for claims and customer service
Cons
- No coverage for spas and tanning salons
- No clear method for obtaining a COI
- When you get a quote, it may end up quoting you insurance from a different company
Standout Features
- High marks for great customer service
- Higher limits and an appetite for beauty salons and barbershops
- 强大的鳍ancial rating to handle claims or large disasters
Financial stability:Nationwide was founded in 1926 and has a proven track record of having the financial strength to handle claims. It has arating of A+ (Superior) from AM Best.
Nationwide Insurance has coast-to-coast availability and policies for every small business need. It is ranked third in J.D. Power’s customer satisfaction survey and has zero commercial complaints through the NAIC.
Through its service program, Nationwide offers high limits on property insurance, making it an ideal choice for beauty salon owners of brick-and-mortar buildings. It will insure a building with a limit of up to $10 million and a policy max of $20 million for total insurable value. If your facility is freestanding with higher-cost equipment inside, Nationwide is the carrier you should consider.
Its low score in convenience reflects the fact that you usually cannot purchase a policy online and sometimes, it is difficult to get an online quote. Also, there is no clear process for obtaining or requesting a COI other than contacting your local agent.
We received a quote for a BOP that cost $916 annually. You can purchase the policy online or call to finalize the details of the coverage. The policy carried general liability with $1 million per occurrence and $2 million aggregate limits and $15,000 in property coverage. It also had $1 million total coverage for professional liability.
在全国范围内为美容院提供保险up to $5 million in revenue. The space must be less than 50,000 square feet. Unfortunately, it does have some limits on what it will cover—it does not offer coverage for day spas, tanning salons, electrolysis, tanning, acupuncture, and waxing services. It is also unclear how to get a COI.
Nationwide maintains a 24/7 call center for customer service and first notice of loss. It has experienced adjusters across the country to quickly contact you and walk you through the claims process.
Quotes for most insurance policies are available online. Sometimes, depending on the industry or risk, you will have to call Nationwide or a local agent to obtain a quote.
While it does offer an online account for managing your policy, filing a claim, and paying your bill, information on other capabilities are not readily available.
Hiscox: Best for Home-based Beauty Professionals
Pros
- Fast quote
- Online account management
- Only insures small businesses
Cons
- Unavailable 24/7
- Complaints slightly higher than average
- Unavailable in Alaska, Delaware, Hawaii, Kentucky, Maine, Montana, North Dakota, South Dakota, Vermont, West Virginia, and Wyoming
Standout Features
- Flexible payment options to meet your business needs
- Get a quote and purchase a policy online
- Higher limits are available if you call
- Account portal to manage your policy
Financial stability:Hiscoxis a global insurer with more than a century of experience. It has anAM Best rating of A (Excellent).
Hiscoxis a global insurer committed to small business insurance. It offers the policies your salon business needs, with the claim service you want when a loss is filed. It also provides discounts for home-based businesses and insurance for small business beauty salons with less than $1 million in revenue. If you are a home-based hairstylist or just starting your business, Hiscox is a good insurer to grow with.
It works for home-based businesses for several reasons. The first is, the limits it offers online are usually lower, which reflects the smaller risk exposure a home-based business has. It also tailors the coverage to fit the needs of a home-based business.
While Nationwide and The Hartford operate 24/7 claim center lines, Hiscox is unavailable on the weekend. You can, however, still file a claim online at any time. Hiscox’s lower score in our evaluation of its customer satisfaction is because it does have a higher rate of complaints, both online from third-party reviews and through the NAIC.
We received a beauty salon insurance quote for general liability and professional liability. It cost $1,262 annually or $105.13 monthly. Hiscox does not charge extra for monthly payment plans. The professional liability carried a limit of $1 million and a $500 deductible, while the general liability had a total limit of $2 million.
For beauty salons, Hiscox automatically includes $200,000 in sexual misconduct coverage. Coverage is available on claims made or occurrence-based forms, giving you the flexibility to pick which is best for your business.
Online, you can get a quote, purchase a policy, and obtain instant COIs. Hiscox has online access to policy documents and filing a claim 24/7. But if you need to speak with someone, its hours are Monday through Friday, 7 a.m. to 7 p.m. ET.
Its complaints are slightly higher than the national average with the NAIC. But on third-party site feefo[3], it does have positive ratings with 4.6 out of 5 stars from over 1,000 reviews.
How We Evaluated the Best Beauty Salon Insurance Companies
We determined the best beauty salon insurance companies using our in-house proprietary evaluation system. In evaluating them, we focused on the customer’s needs. We paid particular interest to convenience, financial ratings (AM Best), customer service, types of policies offered, and the overall experience as a policyholder for a specific provider.
Frequently Asked Questions (FAQs)
The cost of salon insurance depends on many factors, including what services you provide, claims history, revenue, and number of employees. In our research, we found liability policies running from $96 annually to over $1,000 and BOP policies ranging from $500 to over $900.
Salon insurance is a combination of policies that provide protection for your beauty salon business.
- General liability covers third-party property damage and bodily injury claims
- Professional liability covers claims your service caused damage or harm
- Commercial property protects your physical assets: building, contents, and equipment
- Workers’ compensation helps employees injured on the job by covering their medical bills and providing for some wage loss.
如果哟u have one or more employees, the odds are workers’ compensation insurance is required. Beyond that, coverage is optional and depends on your specific situation—but the cost of not having insurance can be much greater than paying to be covered.
Bottom Line
When purchasing insurance for your beauty salon, it is convenient if the provider offers all of the policies you need, handles the claims, and is available when you need it so that you have one point of contact for all of your claim needs. The Hartford is able to do all of that for your salon business—and you can get a quote in 10 minutes or less.
Visit The Hartford for a Quote
User review references:
1Trustpilot | Simply Business
2Next Insurance
3feefo