Insurance for Tanning Salons
Tanning salons are a great business almost year round. Your tanning salon may take walk in customers or it may operate on a scheduled basis, but either way your goal is to keep your clients happy enough to continue returning regularly. As the owner of a tanning salon, you have a lot of responsibility. Aside from customers you must also manage employees, suppliers and day-to-day administrative tasks. You can lighten your responsibility load and relieve a bit of stress by carrying the right types and levels of small business insurance.
General liability insurance is the base level of coverage your tanning salon should have. It provides you with a broad spectrum of protection against everyday hazards, unexpected accidents and general business risks. This insurance protects your customers at the same time it protects your company, and it grows with you so that new business locations, products and services are automatically covered.
General Liability Insurance Includes:
- Premises Liability – Premises liability is the part of your general liability policy that protects you from lawsuits and financial hardships that can arise when a customer is hurt at your tanning salon. With the constant flow of customers coming into your salon, there is a risk of someone hurting themselves by tripping and falling, bumping into something, or being involved in other types of accidents. Your premises liability coverage can pay for the medical bills that arise from those accidents, and it can pay for repairs when a customer’s personal property is damaged at your salon.
- Products Liability – Selling products is a normal way to generate extra revenue for your tanning salon. Unfortunately, if a product that you sell is found to be defective or harmful to your customers, you can be held legally liable. Products liability will pay for the recovery bills when a customer is physically injured. This can also provide you with legal defense funds when needed.
- Completed Operations – After you have provided specific services to your customers, they may discover problems later. When the problems were caused by the operations you performed for them, your completed operations coverage can pay for the damages. This part of your coverage can also provide for litigation defense costs, settlements and judgments when necessary.
Business Owners Policy (Bop)
A business owners policy (BOP) includes general liability coverage by default. It also provides you with additional coverage options to protect your business assets. Each type of coverage is optional so that you can pick and choose just the ones you need. Examples include:
- Buildings and Contents
- Business Income and Extra Expense
- Electronic Data
- Newly Acquired or Constructed Buildings
- Employee Dishonesty Coverage
If you or your employees drive for business involving your tanning salon, you need to carry business auto insurance. This protects your company if you’re involved in an auto accident. It pays for physical injuries, property damages, theft, fire and more depending upon your level of coverage.
The law requires your tanning salon to carry workers comp coverage on its employees. This insurance pays for hospital bills, doctor’s visits, prescription medicines and related expenses if one of your employees is ever injured at work.
Commercial umbrella coverage provides you with additional protection above and beyond the maximum limits on your regular business insurance policies.