Business owner’s policy for personal care businesses

From massage therapists to hairstylists, personal care business owners often invest in a business owner’s policy for its extensive coverage. Consisting of both general liability insurance and commercial property insurance, a BOP covers customer injuries and your own business property under a single plan. This policy protects against:

• Lawsuits related to customer injury or property damage
• Damage to your equipment or inventory
• Lawsuits related to advertising injuries, such as slander

Personal care businesses can tailor a BOP to meet their unique needs. Add business interruption insurance, professional liability insurance, or other policies for increased savings and coverage.

Businesses that are eligible for a BOP typically:

• Have fewer than 100 employees
• Have a small office or workplace
• Make less than $1 million in annual revenue
• Operate in a low-risk industry
• Need less than 12 months of business interruption insurance

Speak with a licensed Insureon agent to learn whether your business is eligible.

Even in the low-risk environment of a day spa or nail salon, accidents happen. The general liability portion of a business owner’s policy can pay for legal fees and other expenses related to customer injuries or property damage. It usually includes product liability insurance to cover harm caused by products sold at your business.

A BOP helps cover third-party lawsuits related to:

• Bodily injuries, such as a customer slipping at a shampoo station
• Property damage, such as hair dye damaging a customer’s coat
• Product liability, such as an allergic reaction to a skin care product you sold
• Advertising injuries, such as a lawsuit stemming from a tweet about a competitor

The property insurance portion of a BOP can help personal care professionals cover expenses when damage, theft, or loss occurs at their place of business. For example, you may be confronted with the aftermath of smashed windows and graffiti at your barbershop. A BOP pays for business property lost or damaged due to:

• Windstorms
• Theft
• Vandalism
• Fire

If your personal care business is forced to close, it could cause substantial financial setback. For example, your medical spa may need to close for renovation after a fire. Business interruption insurance shields your business from lost revenue and other expenses related to closure caused by a disruptive event. 

Talk to a licensed Insureon agent to add business interruption coverage to your BOP.

A business owner’s policy covers many risks, but it doesn’t protect against work mistakes, employee injuries, or data breaches. Personal care professionals should also consider:

Professional liability insurance: This policy can cover legal costs related to professional mistakes and oversights, such as using the wrong hair dye. It's also called errors and omissions insurance (E&O).

Workers’ compensation insurance: Workers' comp is required in most states for businesses that have employees. It covers medical costs and disability benefits for work-related injuries and illnesses.

Cyber insurance: This policy helps businesses recover financially from data breaches and cyberattacks. It's strongly recommended for any business that handles credit cards, email addresses, or other personal information.

Commercial auto insurance: This policy covers the cost of an accident involving a vehicle owned by your personal care business. Most states require this coverage for business-owned vehicles.

Are you ready to protect your personal care business with a business owner’s policy? Complete Insureon’s easy online application today to compare quotes from top U.S. carriers. Once you find the right policy, you can begin coverage in less than 24 hours.