Nail Salon Wage Bond Calculator

Bond or Liability Insurance

The owner of a nail salon must maintain liability insurance that, in part, includes coverage to guarantee your wages. This policy must be maintained in the salon and made accessible to all workers during hours when the business is open.

The provisions for coverage of the Wage Bond include wages legally due to workers and other providers of nail services as listed below:

  • At least $25,000 if you employ the equivalent of two to five full time individuals who provide nail specialty services
  • At least $40,000 if you employ the equivalent of six to ten full time individuals who provide nail specialty services
  • At least $75,000 if you employ the equivalent of 11 to 25 full time individuals who provide nail specialty services
  • At least $125,000 if you employ the equivalent of 26 or more full time individuals who provide nail specialty services.

Evidence of liability coverage or Wage Bond must be maintained in your nail salon and made accessible by all workers at all times that the business is open.

All nail salon owners are advised to review the above circumstances under which a bond or liability insurance is required. In the event that an owner believes that they are required to obtain a wage bond, they may print out a copy of the Department of State's approved wage bond HERE, and take the form to their current insurance agent. In the event that the owner's insurance agent is unable to assist with the purchase of the bond, the owner is advised to seek the assistance of an agent experienced in surety bonds. A list of surety bond professionals working in your area can be obtained by visiting the website of the National Association of Surety Bond Producers at www.nasbp.org. Refer to the Department of Financial Services website for a list of surety bond agents that issue wage bonds.

Wage Bond Providers

To assist an owner with determining the amount of wage coverage needed for their salon, the Division has developed the below calculator to assist you with your calculations. Please enter the appropriate number of full time nail specialty operators you employee along with the number of hours your part time nail operators will work per week. The calculator will utilize this information to determine the amount of premium needed at your salon.