 If you plan on operating a successful nail care or nail art business, whether it is a salon or a mobile nail care business, purchasing insurance is a necessity. Not only will insurance save you from insurmountable costs later down the road, it is also required by law.
In truth, there are any number of types of insurance that you can purchase for your business, covering everything from your clients, to your workers, to your tools and even the very hands that you work with!
But for now, we are going to just concentrate on the three most important types of insurance. These are the types of insurance that your business can't afford to be without.
Employer's Liability Insurance
This type of insurance protects you against incurring liabilities to your employees. If one of your employees is injured on the job, this insurance will pay for their injuries so that you won't be personally responsible. Of course, you will only need to have this type of insurance if you are planning to hire employees. If you are a nail technician working for someone else, make sure that they have purchased Employer's Liability Insurance for you.
Public Liability Insurance
This is insurance that protects you from incurring liabilities to your clients. This insurance will pay for any injuries that happen to befall one of your clients while they are on your premises.
Product Liability Insurance
This last variety of insurance usually comes with Public Liability Insurance, but you should still check to make sure. This protects you against any liabilities that you might incur specifically related to your equipment. For example, if one of your nail files broke and scraped your client's pinkie finger, this insurance would protect you from being responsible.
Insurance is no less a necessity than a nail polish. Without it, you are putting your business and your livelihood in serious jeopardy. Don't do this to yourself.
You should work the cost of insurance into your budget. While this will push your costs up a little, a slight increase in pricing is worth it. Believe me, your clients would rather pay a few pence more for a procedure than have to worry that they might get injured and have no one to pay for their expenses.
 |
