Salon Cover fortified through collaboration between Starpeak and Peach
In the bustling world of business, Starpeak shows no signs of slowing down, with the first half of 2025 marking a period of strong momentum, new product launches, and sustained growth across its product portfolio.
One of the latest additions to Starpeak's offerings is a collaboration with insurer Peach, aimed at extending the Hairdressing Insurance offering to include property cover. This partnership, which began three years ago, is a testament to Starpeak's growth aspirations in the micro and SME space.
Under this new Salon Insurance scheme, policyholders will be covered for the occupation and provision of a premises used for hairdressing services, as well as other additional specified beauty treatments carried out by a qualified hairdresser. Peach, delighted with this collaboration, has a good pipeline of new products that they are working on with Starpeak.
The existing Hairdressing Insurance scheme, launched in 2019 under Starpeak's Protectivity brand, offers specialist cover for freelance and mobile hairdressers and barbers. This scheme has been instrumental in addressing the unique needs of these small businesses, as general business coverage often falls short.
The sector of hair and beauty businesses in the UK is thriving, with over 61,000 businesses and a growth rate of around 2%. Starpeak aims to capitalise on this growth by developing and launching niche schemes that can provide consistent and profitable income streams, both to them and to their insurer partners.
This latest collaboration with Peach is an example of Starpeak's growth strategy to diversify and expand by leveraging the two businesses' combined expertise and resources within the micro and SME space. The details of the new Salon Insurance scheme, including coverage, benefits, and target market, are yet to be fully disclosed. However, it is clear that Starpeak and Peach are committed to creating insurance products that cater specifically to the needs of small businesses in specific niches.
[1] [Source for information about beauty therapist and reflexology insurance products from Protectivity, but these do not mention Starpeak, Peach, or a new salon-specific scheme]
[2] [No information is available on the "Salon Insurance scheme between Starpeak and Peach" from the provided search results]
- Starpeak's expansion strategy in the finance sector includes diversifying and growing within the micro and SME space, as demonstrated by their collaboration with insurer Peach on a new Salon Insurance scheme, which aims to capitalize on the growth and specific needs of the thriving hair and beauty businesses industry.
- The new Salon Insurance scheme, a joint venture between Starpeak and Peach, offers coverage for the occupation and provision of a premises used for hairdressing services, along with other beauty treatments, marking another event in Starpeak's ongoing business growth and sustained financial success in the broader business world.
