Barber Shop Insurance

Written by Michael Foote, Insurance and Finance Expert

Michael Foote is the founder of Quote Goat and has over 13 years experience working in the finance, insurance and currency sectors. Since launching Quote Goat he has appeared on TV as well as many of the largest online publications including Forbes, The Telegraph and The Metro. Prior to Quote Goat, he worked in finance in the city for a number of firms including HSBC.

If you run a barber shop, you can compare barber’s insurance quotes to find a great deal on your cover. It takes less than 2 minutes to enter your details into the quote form which will then be submitted to a panel of leading insurance providers who will provide you with barber insurance quotes.

What Can I Include In Barber Insurance?

Commercial Property: Unless you operate a mobile only barbers you may want to consider commercial property insurance for your business. Although this is not a legal requirement, being covered can give you peace of mind in case of unexpected events. If you have a mortgage on your barber shop, commercial property insurance may be a stipulation from your lender.

Contents: Barber shops can have a range of valuable items including equipment, furniture & electronics; contents insurance can cover you a number of events including burglary, fire & flood damage.

Stock: Most barbers also sell a range of products and stock insurance can cover you in the event that your stock is stolen, damaged or destroyed. Stock insurance typically covers the replacement cost of your stock at cost price, not the RRP.

Public Liability: As a bar shop is public facing you may want to consider taking out public liability insurance which covers the cost of your legal defence, plus any compensation or settlement money  in the event that you are taken to court by a client, customer or member of the public. Public liability insurance does not cover you injury to yourself or employees.

Employer’s Liabilty: If your barber shop has employees it is highly likely that you are legally required to have employer’s liability insurance. Employer’s liability can pay the legal costs and compensation claimed if an employee claims compensation as a result of a work-related injury or illness.

Other ways for barbers to save money

As well as comparing quotes for barber insurance, you may also want to get a business energy quote – customers make an average saving of 40% and the switch is handled for you.