Low Cost Barber Shop Insurance in Asheville and all of North Carolina

Barber Shop Insurance to fit your budget & needs

In many ways, barber shop insurance is similar to the standard business insurance policies that every other business needs. It protects barber shops from unexpected losses that can cause you problems.
However, there are some important differences in the coverages that barber shop insurance policies provide, and these differences in coverage are needed because, in addition to facing the risks that every other business faces, barber shops also face their own unique set of risks.
Like standard business insurance policies, barber shop insurance will cover property insurance and liability insurance. Barber shop insurance can also be extended to cover legal expenses insurance, as well as personal accident insurance. There are also a number of extensions that can be added to barber shop insurance.
Property insurance
In the same way that you insure your home and its contents against losses due to damage and theft, you can insure your barber shop premises and its contents against these risks.
You should make sure that you insure your premises and contents for their full value, as you may be penalized in the event of a claim if you are underinsured. You should also make sure that you comply with any policy conditions that require certain levels of security on your premises, such as an intruder alarm.

​Liability insurance
There are three types of liability insurance

• Employer’s liability insurance covers claims made by your employees and is a legal requirement.
• Public liability insurance covers claims made by clients and members of the public.
• Products liability insurance covers claims made following a defect in a product that you have sold or supplied.

All three of these types of liability insurance cover compensation claims that are made against you.
Compensation claims can be expensive to settle. A relatively minor injury could result in a claim costing $10,000 – $20,000, with a more serious injury costing at least ten times that amount.
As well as covering any compensation awarded, the insurance also covers any wages that the claimant has lost, as well as any legal fees and other associated expenses that are incurred in the handling of the claim.
Your liability insurer will also deal with the compensation claim on your behalf. This is important because compensation claims can involve complex legal issues. Having a legally trained team that specializes in dealing with compensation claims can be beneficial, as it means you don’t have to source your own legal representation, or pay any compensation claims awarded, out of your own pocket.