Hard work is what drives your business to succeed, so make sure it’s protected. The Merchants Advantage Plus® program can help make sure your business is protected with the proper insurance.
General Liability (GL) Insurance
Helps protect your business when your employees, products or services cause damage to other people or their property, for example, if a customer slips or falls. Merchants has liability coverages available to help protect your beauty salon or barber shop such as:
Employment Practices Liability (EPL) (Not available in Vermont)
EPL coverage protects you against claims of discrimination, sexual harassment and wrongful termination.
Salon and Spa Professional Liability
Provides coverage for you and your licensed employees including those who rent or lease a chair or booth and provide eligible professional services in connection with your business.
Employee Benefits Liability Coverage
Provides coverage for damages resulting from negligent acts, errors or omissions relating to administration of your employee benefit program.
Cyber Liability Coverage (Not available in Vermont)
This optional coverage provides comprehensive data security and privacy coverage that addresses both first party losses and third party liability claims, expert claims handling and breach response services in the event of a suspected breach, and a risk management website which provides information, guidelines and tools to help mitigate risk before a breach occurs.Learn More
Hired Auto and Non-Owned Auto Liability Coverage
Provides excess liability coverage for personally-owned or rented autos used by you and your employees for your business. (Available when you do not have a separate auto policy in place)
Commercial Property Insurance
Building and Business Personal Property Coverage protects you against loss to your physical assets such as your building, its contents, and your equipment. Merchants has property coverages available to help protect your beauty salon or barber shop such as:
Equipment Breakdown coverage responds to the cost of repairing or replacing mechanical, electrical or pressure systems equipment that suffers a breakdown.
Business Income and Extra Expense
Covers you in the event your business has to close due to a covered loss. You will be reimbursed for your actual loss of income and the extra expenses you incur for up to one year.
Protects against loss or damage to computers from a covered loss. Coverage includes Data Restoration that will restore electronic data destroyed or corrupted by a covered loss.
Money, Securities and Credit Card Slips
Protects money and securities used in your business if they are lost, stolen or destroyed.
Coverage applies to your outdoor signs, whether or not they are attached to buildings that are within 1,000 feet of the described premises and are damaged by a covered loss.
Covers loss due to theft committed by your employees.
Water Backup and Sump Overflow
Provides coverage resulting from water which backs up through sewers or drains or which overflows from a sump pump.
Money saving discounts for:
- Protective devices for fire and burglar alarms
- Automatic sprinkler systems
- Multiple policies with Merchants Insurance Group