5 Reasons to Review Your Insurance This January

The start of a new year is the perfect time to reflect, reset, and prepare for the months ahead. For beauty, hair and nail professionals, this includes ensuring your business is protected with the right insurance cover. Whether you’re a salon owner, mobile beauty therapist, hairdresser or nail tech your insurance is the safety net that shields you from unexpected risks.

Here are five reasons why January is the ideal time to review your beauty insurance:

1. You’ve added new services or equipment

Have you introduced new services, treatments, or technology to your offerings? Perhaps you’ve invested in new equipment or started offering trending treatments like microneedling or laser hair removal. These changes could affect your insurance needs.

Why it matters:

Insurance policies are often tailored to specific services. If your current policy doesn’t include your new services, you could be exposed to risks in case of accidents or claims.

2. Policies may not reflect your current business needs

As your business grows, evolves, or even scales back, your insurance needs can shift. Did you expand your client base last year? Are you now working from multiple locations? Have you shifted to offering mobile services instead of owning a high street salon?

Why it matters:

Your policy should be as dynamic as your business. If you don’t update your cover, you may be underinsured—or paying for cover you no longer need.

3. Winter weather brings unique risks

January ushers in cold temperatures, icy paths, and potential hazards for beauty professionals and clients alike. From clients slipping outside your premises to winter-related equipment malfunctions, there’s more to consider during this season.

Why it matters:

Ensure your policy includes public liability insurance and covers accidents. Addressing these risks now can save you from unexpected claims later.

4. Legal and industry standards may have changed

The beauty industry evolves quickly, and so do regulations. Staying compliant with local laws and industry standards is crucial for protecting your reputation and business.

Why it matters:

Failing to meet updated compliance requirements could invalidate your insurance in certain situations. Regular reviews help you align your cover with the latest standards.

5. Peace of Mind for the Year Ahead

There’s nothing quite like the confidence that comes with knowing your business is fully protected. By reviewing your policy now, you eliminate potential surprises and ensure your focus remains on growing your business—not worrying about what might go wrong.

Why it matters:

Starting the year with comprehensive insurance means you’re better equipped to handle challenges while chasing your 2025 goals.

How to Review Your Policy

• Contact your insurance provider: Schedule a call to go over your current policy.
• List your business changes: Include any new services, equipment, or shifts in your business model.
• Ask about gaps in cover: Make sure your policy includes essential protections like public liability, employers’ liability, and product liability.

January is more than a fresh start—it’s an opportunity to safeguard your business for the year ahead. Reviewing your beauty insurance policy now ensures you’re prepared for whatever comes your way, leaving you free to focus on delighting clients and growing your brand.

Don’t wait for an incident to realise your cover is outdated. Take the proactive step of reviewing your policy today—it’s an investment in your peace of mind and the success of your business.

21/01/2025