Never assume that just because your beauty salon business is doing well that nothing can go wrong. Instead, be aware that you can always face a costly lawsuit. This is one reason why industry analysts believe every salon should have comprehensive insurance. You should get in touch with the knowledgeable staff at Lifetime Investments to find out more about these policies.
To help you become more familiar with what can happen, the following are some common problems faced by salon owners in Mesa, AZ and beyond.
1.Your Stylists Can Make a Professional Mistake
If your salon has achieved any amount of success, you have probably had to hire employees. Even the smallest hair care businesses have two to three staff members. Some work full time, others are on-call. Nevertheless, to clients, these stylists represent the business.
When something goes wrong, clients rarely threaten the individual who made the mistake; instead, they come for the owner.
Your employees, despite being independent contractors, will probably not have any form of professional insurance. Moreover, they might have any assets to pay off a lawsuit judgment. These are reasons why angry clients will sue you rather than the stylist who did something wrong.
2. You Can Be Held Liable For Products Sold
Selling beauty supplies is smart business. Clients are already in the right frame of mind to make a purchase. They have just gotten a new hairdo and will want to maintain it for as long as possible. You can strategically place hair products that will help them do so.
Yes, hair care supplies can be a good source of income. However, since you have them in your shop, you could be held accountable for certain defects.
Buyers have been known to sue. You can be held at fault, especially if you sold to a minor or something you said was taken as a product endorsement. The very fact that you display the items in a conspicuous place in the salon could be seen as vouching for their safety.
Get Adequate Salon Insurance Now
As you can see, your salon is not as safe as you may have thought.
The wise move is to get comprehensive salon insurance now. Do not lose everything you worked hard to build. Speak with the professionals at Lifetime Investments about the best policy for your Mesa, AZ business.