What Barbershop Insurance Coverages Should I Have?
General liability insurance
, which helps protect your shop from claims that it caused bodily injury or property damage to someone else.
Commercial property insurance
to help protect the owned or rented building, tools, equipment and inventory you use to operate your business, including:
- Blow dryers
- Towel-warming machines
- Grooming chairs
Business income insurance
to replace some of your lost income if you can’t operate your barbershop because of covered property loss.
If you run your barbershop out of your home, it’s also a good idea to look into a home-based business insurance
policy. It provides more coverage than your homeowners insurance.
How Much Is Barbershop Insurance?
Barbershop insurance costs vary. On average, our customers paid $1,019 a year for a BOP, or about $85 a month.1 Insurers use different factors to determine costs, which can include:
- Claims history
- Type of business
- Policy details, like deductible amount and coverage limits