The time we wait for all year long has finally arrived. Many changes happen during these months, and we have some risk management advice for you to keep in mind:
1) It is common to increase staffing for busy season. When hiring, look for those who seem honest and committed to your business model. If “free tanning” is clearly the only reason they want the job, chances are good that they aren’t a good fit for your salon. An owner once told me that a person who didn’t like to be tan interviewed for the job – probably not a good fit, either. A salon with qualified staff tends to retain happy customers! It also helps reduce the possibility of theft, misevaluation of exposure times, along with many other headaches that all business owners try to avoid. And of course, it’s also important to remember to include all staff on your Workers’ Compensation policy (if you need a recap on Workers’ Comp, refer back to last month’s article or contact your specialized insured agent). The last thing you want is an unexpected audit that results in additional premiums due to a higher than estimated payroll.
These are helpful reminders for when your business picks up, and throughout the year. Contact your specialized insurance agent to make sure that you have the appropriate coverage, and be sure to ask them for additional risk management techniques.
Team Universal wishes you all the best in 2016!
Jenny is Vice President of Universal Insurance Programs, based in Phoenix, AZ. She works with new and existing salon owners to determine and provide insurance coverage for their unique business models. Contact Jenny with any questions regarding your insurance at 800.844.2101 x1480 or email jennyb@univins.com.
Copyright 2020 ist Magazine