Markel Specialty insurance–keeping your personal care business well groomed.
When you own a beauty salon or barber shop, you have more on your mind than what your client will think when they look in the mirror—employees, bills, cash flow, inventories, and much more.
Having your business fully insured for property and liability claims may not be top of mind for you but for a beauty salon or barber shop owner like yourself, Markel Specialty’s customizable insurance coverages can offer you the kind of insurance protection you may need.
Our workers compensation policy can help you protect your business from the costs of an on the job accident including lost wages and benefits, medical care, and legal representation. Our businessowners policy, EssentialBOP, is customizable for your customer service-based business—covering commercial general liability, commercial property, and other areas essential to helping you protect your assets. When combined, these policies offer insurance coverage for your salon or barber shop—and up to a 10% multi-policy discount for you.* Also, by adding Markel Specialty’s commercial umbrella liability insurance policy in addition to EssentialBOP policy can provide qualified customers additional insurance protection for the costs of catastrophic claims and lawsuits.
To give you an idea of who can benefit from Markel Specialty’s insurance coverages, these are just a few of the personal care businesses that we do business with:
- Barber shops
- Beauty salons
- Nail salons
Why you need insurance for your personal care business
Personal care businesses have many points of potential vulnerability: a client slips and falls when a spill is not properly cleaned up. A cosmetic product used induces an unknown allergy in a client. A hair grooming product unintentionally causes burns. A manicure erupts in infection. Even something as simple as a hair style or cut a client does not like.
A personal care businessowners policy from Markel Specialty can offer the insurance protection you need to help you quickly recover from liability issues.
The commercial property insurance portion of the businessowners policy can cover the cost to repair or replace your business property if it is stolen or damaged due to certain covered events (such as theft, fire, vandalism, or windstorms)
Markel Specialty personal care insurance customer
"Anytime I have ever need help with understanding Markel was there, and very nice and considerate!"
Markel Specialty agent
"Great rates, great underwriting and great service."
Markel Specialty agent
"Genuine, reasonable and forward thinking even at the underwriting level."
Insurance coverages for personal care businesses
Some available coverages include:
Business personal property
Business personal property is insurance coverage for your business contents –including everything from pens and other small items to computers and inventory.
Insurance that coverages the amounts due from customers that the insured is unable to collect after the records are damaged or destroyed by a covered cause of loss, up to $50,000.
Business Income – Extended Period of Indemnity
Insurance coverage policy, which covers your company's loss of income due to a slowdown or temporary suspension of normal operations, stemming from damage to physical property, for up to 12 months.
Beauty salon professional liability
This insurance coverage endorsement provides liability coverage for bodily injury, property damage, and personal and advertising injury arising out of rendering or failure to render barber shop and hair salon services including, hair cutting, styling, dyeing, shaving, conditioning, and shampooing, including advice or instruction related to these services.
For on-the-job accidents, Markel Specialty also offers workers compensation insurance coverage that includes:
- Medical expenses
- Partial wages while the employee recovers
- Legal expenses if your business is sued over a work injury
- Funeral expenses if an employee dies from a work injury
Plus, by combining our workers compensation and businessowners policies you can earn up to a 10% multi-policy discount.*
These are just a few of the coverages available. Follow the link below to view all of our coverages that are available for offices and professional services.
*The discount applies to businessowners policy only. Multi-policy discount not applicable to Equipment Breakdown Protection and Employee Practices Liability Insurance endorsements.