Beauty Services Insurance in Singapore

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Singapore's best Beauty Services insurance. Trusted by countless spa and salon owners.

Whether you run a nail salon, beauty salon, massage parlour, hair salon, barbershop, or slimming centre, we’ve got you covered. Provide offers comprehensive coverage for beauty industry entrepreneurs. Protect your business against fire, public liability, worker injuries, and more. Provide’s online platform is the quickest and most affordable way to protect your beauty services company.

What types of insurance do Beauty Service businesses need?

There are a few key types of covers that beauty service businesses should have:

Coverage

Explanation

Importance for beauty service firms

Commercial Property Insurance

Covers beauty shop against property damage. E.g. fire, some types of water damage, explosions, burglaries, and more.

Critical

Public Liability Insurance

Covers you against liability to third-parties for property damage or injuries.

E.g. customers in your shop who slip & fall, due to a puddle left by your staff.

Critical

Work Injury Compensation Insurance (WICA Insurance)

Covers your employees if they suffer work-related injuries/sickness.

Legally required for all manual workers (e.g. manicurist, hair stylist, masseuse, salon assistant, etc.), or workers who earn $2,600/month or less

Business Interruption Insurance

Covers operating expenses if your beauty service business shuts down due to covered reasons, e.g. shop destroyed by fire.

Very good to have

Foreign Worker Medical Insurance

Covers medical costs for foreign employees.

Legally required for S-Pass and Work Permit holders

Commercial Property Insurance: You’ll need to protect your Beauty Service premises. You’ve already invested lots of money into renovating your shop, so you certainly don’t want to pay for rebuilding it if it gets damaged.

This policy will cover your property, such as: beauty shop premises, renovations, fixtures & fittings, equipment like massage chairs or nail cleaning tools, furniture like chairs and tables, electronic equipment like computers, and other miscellaneous property.

Commercial Property policies cover a very broad range of damage, including fire, certain types of water damage, explosions, vandalism, burglaries, and more.

Public Liability Insurance: With a beauty shop, you’re going to have many customers coming in and going out of your store every day. If any of your patrons get injured due to your negligence, you could suffer a personal injury lawsuit. A Public Liability policy will protect you if you get sued for causing injuries or property damage. It covers legal costs like lawyer’s costs (which can be massive), and settlements/damages that you may need to pay.

Work Injury Compensation Insurance (WICA Insurance): MOM requires businesses to carry this insurance for every manual worker, and all workers who get paid $2,600/month and less. Examples of manual workers include: nail technicians, beauticians, barbers, hairdressers, slimming assistants, cleaners. 

WICA Insurance covers work-related medical expenses for injuries, or sickness. This includes Covid-19 infections due to work.

Business Interruption Insurance: This covers your operating expenses if you can’t run your shop because you’ve suffered business damage. For instance, a fire might destroy your beauty shop, or severe water damage might force you to close your shop for repairs. This is a great cover to have, because it helps you to pay for costs like rent, salaries, and other overhead while you can’t generate revenue. 

Foreign Worker Medical Insurance: MOM requires businesses to carry this insurance for every S-Pass and Work Permit employee.

How much coverage do I need for my Beauty Service business?

Commercial Property Insurance: For a 1,000 sq ft beauty shop, think about having a minimum of $100,000 in coverage. Consider adding $100,000 cover for every 1,000 square ft of additional space that you have.

Public Liability Insurance: Carry at least $500,000 to $1 million coverage. Many commercial landlords will ask for these coverage amounts also.

WICA Insurance: You should insure all your employees. MOM requires $45,000 medical expenses cover, per employee. This is a legal requirement under the Work Injury Compensation Act (WICA). Non-compliance can be punished with a fine and/or jail.

Business Interruption Insurance: Consider the gross profit that you’d lose if your beauty business were to shut down for 3-6 months. Choose a coverage amount that is at least equal to that figure. Most beauty service business owners will benefit from at least $50,000-$100,000 business interruption coverage.

Foreign Worker Medical Insurance: You must have $15,000 coverage per foreign worker. This is required by law. 

How much is insurance for Beauty Service businesses?

Beauty service businesses can protect themselves at very affordable premiums. A great option is to go with a Business Insurance Package, designed for beauty services companies. This package deal is tailored to provide broad cover from major risks that beauty service entrepreneurs face. A Business Insurance Package includes:

Coverage

Coverage amount (example)

Premium

Commercial Property Insurance

$100,000

From $19/month, for a comprehensive Beauty Services Insurance Package deal

Public Liability Insurance

$500,000

Work Injury Compensation Insurance (WICA Insurance)

$10 million common law annual limit

$45,000 medical expenses cover per worker

Business Interruption Insurance

$10,000

Foreign Worker Medical Insurance

$15,000 cover per worker

From $6/month, per worker

Get Beauty Services Insurance now

From just $19/month. Broad coverage.
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Why use Provide for Beauty Services Insurance?

  • Save up to 25% on your premiums
  • Save time with our online platform to buy policies, file claims, & more
  • Industry experts with 20+ years combined experience to provide tailored advice
  • Available by phone 7 days/week 

Get comprehensive Beauty Services Insurance from $19/month. Speak with our experts today!

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