Barbershop Insurance Coverage



When it comes to barbershop insurance, you want your coverage to be flattering. With a PolicySweet® Business Owners Policy, we’ll make sure your coverage makes you look as good as your customers do! From General Liability to Workers’ Compensation, each barbershop insurance policy is trimmed and styled to fit your needs.


Why Should You Obtain Business Insurance?

These are several benefits of insurance for small business owners, including:

  • It Could Help Protect Your Finances
  • It Could Improve Your Reputation
  • It Could Allow Your Business to Grow

Common Types of Coverages for Barbershops:

Business Owners Policy, Workers’ Compensation, and HomeHQSM are three types of coverages offered by PolicySweet®. Learning the basics of each business insurance type listed below can help you to better understand which policies your business might need.


BOP

A Business Owners Policy is one of the best places to start with business insurance coverage. It combines three key coverages into one easy-to-manage policy. Included in a BOP is general liability, property, and cyber-risk coverage.

General Liability Insurance

This type of coverage can help protect your business if someone other than an employee gets injured or hurt. Their medical bills could be covered, and any resulting legal fees and settlements could be covered too.

LEARN MORE ABOUT
GENERAL LIABILITY INSURANCE

Property Insurance

Property coverage can help protect your business equipment from disasters, theft, and vandalism. It could cover the cost to replace items and lost income while your business recovers from a covered loss.

LEARN MORE ABOUT
PROPERTY INSURANCE

Cyber Insurance

Does your business take credit card payments? If so, you might want to consider cyber liability insurance. It could cover expenses in the event your company is impacted by a data breach.

LEARN MORE ABOUT
CYBER INSURANCE


Workers’ Compensation

If you have employees, Workers’ Compensation can help you take care of them if they get hurt on the job. It could also help protect you from legal action. If an employee files for Workers’ Compensation, they are usually unable to sue you for more money.


HomeHQ

When you have a standard homeowners or renters policy, it is unlikely that your business is protected if you own and operate your business from home. HomeHQ could cover business equipment and inventory in the event of a covered loss.



Business Articles for Barbers

What Does a Workers’ Compensation Insurance Policy Cover?

Employees in small business working together

As a small business owner, you have a lot of responsibilities.

Paying the mortgage or rent, processing payroll, and tracking inventory are just a few. One of your most important tasks is ensuring employee safety.

One of the best ways to do this is by obtaining a Workers' Compensation policy. This is the easy part. Knowing exactly what the policy covers can be a little more complicated.

Keep reading for an employer's guide to Workers' Compensation policies and coverage.

The Benefits of Having a Workers' Compensation Policy

What some employers do not realize is that Workers' Compensation policies are in place to protect both parties.

Although these policies ensure that employees may receive benefits regardless of who is at fault, that is not all they do. They could also protect business owners from unwanted lawsuits. Sometimes, injured employees try to sue for additional damage. When an employee files for (and collects) Workers' Compensation, they cannot come after you for more money.

Without a policy in place, injured employees may be able to sue you for things like lost wages and exorbitant medical bills. Or, you may be fined by a state because you do not have the required Workers' Compensation insurance in place.

In some rare cases, employees could collect Workers' Comp and still try to sue you! This is why having coverage is so important.

What Does Workers' Compensation Cover?

In short, your Workers' Compensation policy could cover costs related to work injuries. If an employee is injured or falls ill due to work conditions on the job, you may be responsible for covering a wide range of things.

Here are the most common:

  • Medical Expenses

When an accident occurs on the job, your Workers' Compensation policy may cover the cost of immediate medical attention. This includes any ambulance rides or emergency room fees.

Once the employee is evaluated, your policy could also cover the cost of any required surgeries, medications, hospital stays, and other associated medical expenses.

If ongoing care is prescribed (physical therapy or medication use), your policy might also cover these bills.

  • Lost Wages

In the event of a serious injury, employees may not return to work right away. Some may require several days, weeks, or even months to recover.

Your Workers' Compensation policy could pay part of the employee's lost wages during their recovery time. The percentage of coverage may depend on the type of policy you have and the extent of the employee's injury.

  • Compensation for Fatal Injuries

In 2018 there were over 5,200 fatal workplace injuries in the United States. Sometimes, tragedy strikes -- and when it does, your Workers' Compensation policy may cover the associated costs.

Your policy's death benefits could cover funeral and burial expenses and might provide financial support for employee's living family members.

Protect Your Employees and Your Business

Having a Workers' Compensation policy is about more than just protecting your employees -- it is about being able to protect yourself and your business.

Workers' Comp could cover medical expenses, lost wages, and other expenses related to the employees' injury or illness. It may also offer protection in the event the employee files a lawsuit against you.

Contact PolicySweet® for more information about our insurance policies or to request a free quote.

Get a Quote Now > 

What Does a Workers’ Compensation Insurance Policy Cover?

Employees in small business working together

As a small business owner, you have a lot of responsibilities.

Paying the mortgage or rent, processing payroll, and tracking inventory are just a few. One of your most important tasks is ensuring employee safety.

One of the best ways to do this is by obtaining a Workers' Compensation policy. This is the easy part. Knowing exactly what the policy covers can be a little more complicated.

Keep reading for an employer's guide to Workers' Compensation policies and coverage.

The Benefits of Having a Workers' Compensation Policy

What some employers do not realize is that Workers' Compensation policies are in place to protect both parties.

Although these policies ensure that employees may receive benefits regardless of who is at fault, that is not all they do. They could also protect business owners from unwanted lawsuits. Sometimes, injured employees try to sue for additional damage. When an employee files for (and collects) Workers' Compensation, they cannot come after you for more money.

Without a policy in place, injured employees may be able to sue you for things like lost wages and exorbitant medical bills. Or, you may be fined by a state because you do not have the required Workers' Compensation insurance in place.

In some rare cases, employees could collect Workers' Comp and still try to sue you! This is why having coverage is so important.

What Does Workers' Compensation Cover?

In short, your Workers' Compensation policy could cover costs related to work injuries. If an employee is injured or falls ill due to work conditions on the job, you may be responsible for covering a wide range of things.

Here are the most common:

  • Medical Expenses

When an accident occurs on the job, your Workers' Compensation policy may cover the cost of immediate medical attention. This includes any ambulance rides or emergency room fees.

Once the employee is evaluated, your policy could also cover the cost of any required surgeries, medications, hospital stays, and other associated medical expenses.

If ongoing care is prescribed (physical therapy or medication use), your policy might also cover these bills.

  • Lost Wages

In the event of a serious injury, employees may not return to work right away. Some may require several days, weeks, or even months to recover.

Your Workers' Compensation policy could pay part of the employee's lost wages during their recovery time. The percentage of coverage may depend on the type of policy you have and the extent of the employee's injury.

  • Compensation for Fatal Injuries

In 2018 there were over 5,200 fatal workplace injuries in the United States. Sometimes, tragedy strikes -- and when it does, your Workers' Compensation policy may cover the associated costs.

Your policy's death benefits could cover funeral and burial expenses and might provide financial support for employee's living family members.

Protect Your Employees and Your Business

Having a Workers' Compensation policy is about more than just protecting your employees -- it is about being able to protect yourself and your business.

Workers' Comp could cover medical expenses, lost wages, and other expenses related to the employees' injury or illness. It may also offer protection in the event the employee files a lawsuit against you.

Contact PolicySweet® for more information about our insurance policies or to request a free quote.

Get a Quote Now >