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insurance that reflects the unique characteristics of your business
Insurance Tattoo & Piercing Studios
Owning a tattoo and piercing business can be fun and exciting. Many artistic people who are good at tattooing open their own shop as a way to practice their art while financially supporting their families. Managing the day-to-day business of scheduling, employees, supplies and paperwork can be a daunting part of business. One way to take part of the load off your shoulders so that you have more time to enjoy your art is to make sure you’re carrying the appropriate types of business insurance.
General liability insurance helps prevent small problems from becoming much larger. Accidents happen regularly and surprise risks or hazards can wipe out your company finances if you’re not prepared for them. By carrying a broad level of business insurance such as what general liability provides for you, you’ll be protected from having those problems in the first place. A general liability insurance policy grows with your business to provide coverage for new tattoo parlors and new services as you add them.
General Liability Insurance Includes:
- Premises Liability – Good tattoo and piercing parlors get a lot of business. When you have many people coming into your store each day, there is always the chance that someone will hurt themselves while they’re there. For example, say one of your customers accidentally falls and hits their head on the side of your welcome desk. Your premises liability insurance can pay for that person to get hospital or doctor’s care to treat their injuries.
- Products Liability – Selling products also comes with risks. Sometimes products are found to be defective and hazardous, so they may be recalled by their manufacturer. As the seller of the product however, your customers may sue your tattoo and piercing shop if the products harm them. Products liability insurance can pay for medical bills when a person is injured. It can also pay for your litigation defense costs and settlements or judgments that arise from the event.
- Completed Operations – Completed operations coverage is an important part of general liability coverage that your tattoo and piercing shop needs. After you have finished a tattoo or piercing job for your customer, problems might arise in the future. If your customer is harmed physically by the operations you performed, or if they claim property damages from it, your completed operations insurance can provide you with protection. It helps pay legal defense fees if necessary, pays for medical bills when customers are injured, and pays settlements or judgments when applicable.
Business Owners Policy (Bop)
All of the broad coverage provided for in your general liability policy is included as part of a business owners policy, or BOP. The BOP is business insurance that focuses on protecting your business assets. You can pick and choose just the right coverage you need for your tattoo and piercing parlor. Examples of the types of protection available include:
- Buildings and Contents
- Business Income and Extra Expense
- Electronic Data
- Newly Acquired or Constructed Buildings
- Employee Dishonesty Coverage
Business auto insurance protects you from severe financial hardships that are caused by auto accidents. If a person is injured in the accident, your auto insurance policy can pay the medical bills. This coverage also pays for repairs when property is damaged, and options can be added to protect you from losses caused by theft, fire or natural disasters.
You are required by law to protect your tattoo and piercing artist employees with workers compensation coverage. This insurance will pay for their medical care and follow-up recovery costs if they are ever injured in an on the job accident.
An umbrella policy is extra protection. If you max out the limits of your standard business insurance policies, a commercial umbrella package can help provide you with more.