Massachusetts Nail Salon Insurance Policy Information
Massachusetts Nail Salon Insurance. As the owner of a nail salon, you love what you do. You stay on top of the latest trends in nail care and offer a variety of polish colors and cutting-edge techniques. You may also offer services that extend beyond nails, such as waxing and massages. But, your job isn't only to make sure that you customers look and feel their best; it's also your job to make sure that they receive the very best care.
There are certain risks that are associated with running a nail salon. You work with harsh chemicals and different types of equipment and machinery. On top of that, you are likely open for extended periods of time in order to meet the needs of your clients. With the right Massachusetts nail salon insurance coverage, you can protect yourself from the risks that are associated with owning a nail salon, from slips and falls to lawsuits - and a whole lot more.
Massachusetts nail salon insurance protects your shop from legal liability with rates as low as $37/mo. Get a fast quote and protect your business now.
Why Is Business Insurance Important For Nail Salon Owners?
Even if you take the very best precautions and offer exceptional care, there's no way to completely avoid the risks that come along with owning a nail salon. For example, a client may slip on a puddle of water on the floor that you didn't see, your property could be vandalized, or someone may file a negligence claim.
As the owner of a nail salon, you are legally responsible for any accidents or injuries that occur on your property. You are also responsible for the building and the contents inside of it. Insurance from various risks and can save you from losing a substantial amount of money. In other words, insurance is one of the best investments you can make for your nail salon.
What Type Of Commercial Insurance Should Nail Salon's Have?
There are several types of Massachusetts nail salon insurance policies that nail salon owners should carry in order to properly protect themselves. Some of the most important types of coverage include:
- Commercial General Liability: This covers third-party accidents, injuries, property damage, and legal disputes. For instance, if a client slips on a puddle of water while stepping out of the pedicure tub and suffers an injury, commercial general liability insurance will cover his or her medical expenses. It can also protect you if the client who slips and falls leaves your salon on his or her own, but later decides to sue you for the injury.
- Professional Liability: Also known as errors and omissions insurance, this type of policy will cover lawsuits that may arise as a result of illness, injuries, or infections that your clients may sustain as a result of your services. For instance, if a client develops a staph infection and sues you, professional liability insurance will help to cover medical care and legal fees if you are found liable.
- Commercial Property Insurance: If your property is damaged in a fire, it's vandalized, or someone robs it, commercial property insurance will protect you from the losses. This type of insurance covers the physical structure of your nail salon, as well as the contents inside. For instance, if someone breaks into your salon and damages or steals your equipment, commercial property insurance will help to cover the losses.
- Workers Compensation: If you employ a staff, you should also consider carrying workers comp. Should a nail technician sustain a work-related injury or illness, MA workers compensation will cover the cost of medical care & lost wages.
How Much Insurance Should Nail Salons Have?
The amount of insurance you should carry for each policy will depend on a number of factors. The size of your nail salon, the amount of people you employ, and the type of equipment within your salon are just some of the factors that are taken into consideration when determining how much coverage you should carry.
Massachusetts Nail Salon's Risks & Exposures
Premises liability exposure is moderate due to public access to the premises. Aisles must be adequate and free of nail clippings and debris, no frayed or worn spots on carpet, and no cracks or holes in flooring. The number of exits must be sufficient, and be well marked, with backup lighting in case of power failure
Parking lots and sidewalks need to be in good repair with snow and ice removed, and generally level and free of exposure to slips and falls. Courts may deem the security of visitors in parking areas as the responsibility of the owner or operator of the premises. Factors affecting the risks include exterior lighting, fencing, and any other security measures in place.
Professional liability exposure may be moderate depending on the services offered. The techs' training, experience, and background are important considerations. Simple manicure and paint operations have incidental exposures while salons that offer other types of services will have higher exposure. Because of the large number of customers served, a significant, although easily avoided risk, is the transmission of diseases and vermin such as lice.
The absence of simple hygienic practices like hand washing and disinfecting solutions for files and clippers may indicate a morale hazard. Hazards may increase in the absence of procedures to test for allergies and skin reactions. Pedicures and manicures also increase the professional liability due to the potential for injury to a customer. Understanding the contractual relationship between the shop and the technicians is important as it has an impact on who is covered.
Product liability exposure is moderate if the nail salon sells nail polish and other items to customers. The exposure increases if any products sold are non-standard, independently produced, or proprietary.
Workers compensation exposure is generally limited to minor cuts, scratches, and puncture wounds from clippers and files, burns from chemicals, and repetitive motion injuries. Working with chemicals can result in irritation to eyes, lungs, and skin. Employees must be fully informed as to the potential effects of any chemicals, including long-term occupational disease hazards so that they can take action as quickly as possible.
Salona with more than one chair may be considered to be multiple sole proprietorships, rather than one business with employees. The contractual relationship between the salon owner and any independent contractors helps determine the workers compensation exposure, although regulatory definitions of employee may supersede the contract terms.
Property exposure consists of a small office and the customer service area. Ignition sources include electrical equipment, heating, and air conditioning. If the nail salon is in a converted dwelling, ventilation and wiring should be up to code and adequate for the occupancy. Age and condition of the equipment is important as fires may result from poor wiring, overheating, and poor maintenance.
While most of the chemicals used in the personal applications are not flammable, some may contain alcohol. There should be adequate ventilation to prevent the buildup of vapors which can ignite. Ownership of personal property may need to be addressed. Professional equipment such as files and clippers is quite costly and is commonly owned by the particular employee or independent contractor.
Crime exposures are generally limited to theft of money by employees and others if large amounts of cash are on hand.
Inland marine exposures are from valuable papers and records for customers' and suppliers' information. If employees provide their own tools, there may be an employees' tools and equipment exposure. If professionals travel to the client's premises to perform services, there may be goods off premises or in transit.
Protecting MA Nail Salons
To find out exactly what type of Massachusetts nail salon insurance policies you should carry, how much coverage you should have for each policy, and how much your insurance will cost, speak to a reputable business insurance broker that has experience covering nail salons. With the right insurance, you can protect yourself and your clients, and keep your MA nail salon in good standing.
Massachusetts Economic Data, Regulations And Limits On Commercial Insurance
If you are thinking about starting a business in the Massachusetts, it's important that you have an understanding of the economic trends and commercial insurance requirements in the state before you set up shop.
Economic trends are important, as they indicate whether or not the area offers a strong economy that will be able to support your business. You also need to know what type of commercial insurance you'll need to carry so that you can plan accordingly and ensure that you are complaint with the law.
To help you determine if the Bay State is the right location for the business you are thinking about opening, below, you'll find an overview of MA's current economic trends, as well as the types of insurance policies you'll need to carry.
Economic Trends For Business Owners In Massachusetts
Unemployment rate is a good indicator of a state's economy. The lower the rate, the more job opportunities there are, which is direct reflection of the health of businesses.
As per the Bureau of Labor Statistics, the unemployment rate in Massachusetts was 2.8% in December, 2019. That's 0.7% lower than the national average, which was 3.5% in December, 2019. This indicates that the state offers a strong workforce and that there are enough jobs to support the residents of the state.
While regions throughout the area are seeing business growth, there are certain areas in particular that are seeing more growth than others. This includes large metropolitan areas and the regions that surround them, including:
- New Bedford
Several industries are doing very well in the state of Massachusetts; however, there are particular sectors that are seeing more growth than others and are truly thriving in this part of the country. These industries include:
- Advanced manufacturing
- Commercial fishing
- Financial services
- Hospitality tourism
- Information technology
- Medicine and life sciences
If you are thinking about starting a business in any of these industries, chances are good that you will find the success you are looking for in the state of Massachusetts.
Commercial Insurance Requirements In Massachusetts
The Massachusetts Division of Insurance regulates insurance in MA. Massachusetts mandates very few forms of insurance coverage by law. They enforce worker's compensation.
Massachusetts requires you to have worker's compensation insurance if you hire even one employee on a regular basis. This includes part-time employees, family members, minors, and immigrant employees. It is not required for independent contractors, but employees in domestic service must be covered if they work at least 16 hours a week.
Massachusetts also requires all business-owned vehicles to be covered by commercial auto insurance. Other types of business insurance that business owners should carry depend on the specific industry.
Additional Resources For Health & Beauty Insurance
Learn about small business health and beauty insurance coverages that help protect tattoo artists, salons, spas, estheticians, cosmetologists, barbers, hairdressers, nail salons and more from legal liability.
- Barber Hair Dresser
- Beauty Salon
- Day Spa
- Diet Nutrition Services
- Massage Therapy
- Medical Spa
- Nail Salon
- Permanent Cosmetics And Microblading
- Personal Trainer
- Tanning Salon
- Weight Loss Center
The health and beauty industries help people look good and feel great about their appearance and health. Some of the most popular are:
Cosmetologists - typically can help people with hair styling, cosmetics, and manicures and pedicures.
Estheticians - are trained to work with clients to treat skin care issues.
Hair Dressers & Barbers - offer a variety of services such as; hair cuts, styling, perms, hair dying and highlighting.
Health Club - Gyms, fitness centers, and health clubs focus on promoting healthy lifestyles and active living.
Massage Therapy, Reiki & amp; Acupuncture - can help relieve stress and improve your clients health. Work can be done in a salon, medical office, or home based. Also in your client's homes.
Permanent Makeup & Microblading - Offers coverage for permanent cosmetics, pigment removal and lightening, lasers/IPLs, and needling/MCA.
Salons - Similar to spas, salons are offer customers beauty treatments, services and products.
Spas - Have more exposures for the risks of faulty equipment, products, or unskilled employees that can injure customers.
Tattoo - Tattoo parlor and body-piercing coverage is designed to address the specific risks of artists and their studio.
Yoga & Pilates - forms of exercise designed to improve mind, body and spiritual wellness.
Minimum recommended small business insurance coverage: Business Personal Property, Business Income with Extra Expense, Employee Dishonesty, Valuable Papers and Records, General Liability, Professional Liability, Umbrella Liability, Hired and Non-owned Auto Liability & Workers Compensation.
Other commercial insurance policies to consider: Building, Earthquake, Flood, Leasehold Interest, Real Property Legal Liability, Accounts Receivables, Bailees Customers, Fine Arts, Cyber Liability, Employment-related Practices, Environmental Impairment, Liquor Liability, Business Automobile Liability and Physical Damage, Garagekeepers and Stop Gap Liability.
Request a free Massachusetts Nail Salon Insurance insurance quote in Acton, Agawam Town, Amherst, Andover, Arlington, Attleboro, Barnstable Town, Belmont, Beverly, Billerica, Boston, Bourne, Braintree Town, Bridgewater, Brockton, Brookline, Burlington, Cambridge, Canton, Chelmsford, Chelsea, Chicopee, Concord, Danvers, Dartmouth, Dedham, Dracut, Easton, Everett, Fall River, Falmouth, Fitchburg, Framingham, Franklin Town, Gardner, Gloucester, Haverhill, Hingham, Holyoke, Hudson, Lawrence, Leominster, Lexington, Lowell, Ludlow, Lynn, Malden, Mansfield, Marblehead, Marlborough, Marshfield, Medford, Melrose, Methuen Town, Middleborough, Milford, Milton, Natick, Needham, New Bedford, Newton, North Andover, North Attleborough, Northampton, Norton, Norwood, Peabody, Pittsfield, Plymouth, Quincy, Randolph, Reading, Revere, Salem, Sandwich, Saugus, Shrewsbury, Somerville, Springfield, Stoneham, Stoughton, Sudbury, Taunton, Tewksbury, Wakefield, Walpole, Waltham, Wareham, Watertown Town, Wellesley, West Springfield Town, Westborough, Westfield, Westford, Weymouth Town, Wilmington, Winchester, Woburn, Worcester, Yarmouth and all other MA cities & Massachusetts counties near me in The Bay State.
Also find MA local small businesses by General Liability Class Code and learn about Massachusetts small business insurance requirements for general liability, business property, commercial auto & workers compensation including MA business insurance costs. Call us (617) 902-0099.