Insurance Noodle Unveils Integrated Facility for Salon and Spa Services

CHICAGO, Oct. 2, 2014 /PRNewswire/ -- Insurance Noodle today announced the launch of a unique integrated facility, creating a multi-carrier solution with a single insurance application. The facility lets agents simultaneously market their salon and spa services risks to all available carriers and receive bindable quotes within 10 minutes.

Working with A.M. Best-rated carriers, Insurance Noodle provides access to the best products the marketplace has to offer in the growing salon and spa services category. The facility focuses primarily on General Liability, Professional Liability, Property, and Workers' Compensation. Target classes include an assortment of personal appearance and spa-related occupations, including hairdressers, spa owners, barbers, manicurists, massage therapists, and estheticians.

"The launch of this facility will help agents take advantage of a tremendous opportunity," said Ted Devine, Insurance Noodle CEO. "The personal appearance services industry saw steady growth over the past decade, despite the recession, and that trend is expected to continue."

According to the Professional Beauty Association, non-employer spa and salons, such as owner / operator establishments and independent contractors, saw an 83 percent increase over the last decade. Employment-based salons grew by 16 percent during the same period. Since the Great Recession of the late 2000s, the industry has outperformed the overall economy despite Americans' slow return to discretionary spending.

The US Bureau of Labor Statistics predicts that personal care professions will continue to grow in the next eight years. Some of the fastest-growing occupations by percentage of growth are...

• Skincare specialists, 40 percent, much faster than average.
• Massage therapists, 23 percent, much faster than average.
• Manicurists / pedicurists, 16 percent, faster than average.
• Hairdressers / cosmetologists, 13 percent, as fast as average.

Ralph Blust, President of Insurance Noodle, noted, "Approximately three in every ten salon-industry professionals are self-employed. An independent insurance agent who can provide the right solutions for these professionals has significant opportunity in this industry, even in their immediate community."

Insurance Noodle is the leading online placement platform, delivering solutions for more than 6,000 agents and their clients around the U.S.

About Insurance Noodle

Insurance Noodle established itself as a pioneer in online quoting in 2001. Since then, it has provided independent agents with online access to insurance products and services through a single-entry, multi-carrier, multi-line, web-based portal. Insurance Noodle was formerly a subsidiary Willis Group Holdings, plc. For more information, visit Insurance Noodle's website.

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Alexandra Eesley  
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SOURCE Insurance Noodle