Tattoo Insurance Colorado Policy Information
Tattoo Insurance Colorado. If you're operating a tattoo business or planning to go into business as a tattoo artist, then you join the ranks of more than 21,000 other tattoo parlors doing business in the United States and one of the many in CO.
While being a tattoo artist can be rewarding and enjoyable, there are inherent risks involved in the business - risks that can put your business at risk of failure and financial stress if you don't mitigate your risks with the proper Colorado tattoo insurance.
Americans love their tattoos; more than 45 million people in the U.S. have one or more tattoos. Most tattoo shops or tattoo/piercing shops are small and privately owned, but all have one thing in common: their need for extensive insurance to protect them from liability and injury claims from patrons. In today's litigious society, an unhappy customer can cost you thousands of dollars.
Tattoo insurance Colorado protects your body art business from lawsuits with rates as low as $57/mo. Get a fast quote and your certificate of insurance now.
Tattoo parlors use needles and pigments to apply permanent designs or pictures into the skin. The basic procedure involves the tattoo artist transferring a stencil of the desired design onto the customer’s skin, then using a hand held metal "iron" or "gun" to inject ink into the upper layers of skin at a rate of 80-150 times per second.
Hygienic procedures, including single-use needles and sterilizing the equipment in a certified autoclave before and after every use, are essential, and typically mandated by law. The number, size, and complexity of tattoo parlors and studios have grown along with the popularity of body art or body decorating. While tattoo parlors must be licensed, the degree and control of licensing varies by state or municipality.
Insurance coverage for tattoo and piercing businesses is a specific type of coverage that helps CO business owners maintain the profitability of their businesses. This insurance mitigates the risks that are inherent to the business and protects the business owner from disastrous lawsuits and claims from unsatisfied or injured customers.
Is A Tattoo Insurance Coverage Required?
Although laws vary widely from state to state and some states require that tattoo parlors and piercing shops maintain this coverage, not all do. Regardless of legalities, having Colorado tattoo insurance is a godsend if you face a claim; not having it can make a claim turn into a personal nightmare very quickly. Either way, check the laws in your state prior to commencing operation to be sure that you're both legal and protected so that your business meets these regulations.
It's important to note that even in those states that do not require this type of insurance from tattoo artists and their businesses, if you have taken out a loan against the business to begin operations, then your lender may require it as one of the terms of the loan. Likewise, if you are leasing the CO facility or location, then your leasing agent or the owner of the building may require Colorado tattoo insurance as a condition of remaining in the building. Again, check your bank loan or lease to find out the specifics of your particular requirements.
Liability Coverage for Tattoo and Piercing Businesses
One of the most important types of coverage for your business is liability insurance. Tattoo artists often face huge claims from aggressive attorneys representing clients who feel that their tattoo marred their bodies or they became injured during the act of tattooing. Moreover, you have general risk from the moment that a customer steps foot in your business. Slip-and-fall accidents are common in all businesses that are open to the public. General liability insurance protects you from these claims.
In addition to general liability Colorado tattoo insurance, professional liability insurance is likewise important. This covers both you and the named artists in your facility against malpractice. For example, if you pierce someone and cause injury or perform substandard work, then this policy covers you from claims.
Insurance that protects against communicable disease transmission is also important. Unused sterilized equipment and other clean equipment is important when offering your services. Although you take care to guard your customers' health, the truth is that if a client becomes sickened as a result of getting a tattoo or piercing in your facility, then you face a lawsuit. Even if the judge finds that you are not at fault, you still need to pay a lawyer to defend you. This insurance covers those costs.
Property Damage Coverage
When you set up your shop, you face a lot of costs, and property damage coverage ensures that your equipment and building are protected. For example, if a fire rips through the building, you want to make sure that your building, furnishings and equipment are replaced. For this, you need:
- Property insurance. This coverage takes care of the contents of your shop, including your tattooing equipment, jewelry inventory, tables, décor and other items. Severe weather, theft, vandalism and fire are all potential perils, as well as weather events such as tornados and hurricanes.
- Glass and signs insurance. Outdoor signage and glass fronts on buildings are often covered under a separate rider policy. Check your property insurance limits; if this coverage is not included, buy a rider to add it.
- Building insurance. If you own the building in which you do business, be sure that the structure is covered. If you're tattooing from a shop in your home, buy separate coverage; your homeowner's policy likely does not cover commercial areas of the home.
- Flood insurance. Flood insurance is usually a separate purchase from standard property insurance, especially in designated flood zones. Work with an agent to determine if you need a separate flood insurance policy.
Colorado Tattoo Artist's Risks & Exposures
Professional liability exposure (also known as errors and omissions insurance (E&O) can be high. Training and experience of the tattoo artist, use of single-use needles, sterilization of equipment, and overall cleanliness/sanitary conditions of the premises are the primary concerns. Lack of appropriate sanitation can result in the spread of blood-borne pathogens such as hepatitis, HIV, and AIDS, as well as potential allergic reactions to inks. Since tattoos often require a period of healing, customers should be provided with information regarding follow-up care.
Premises liability exposure is moderate due to public access to the premises. Customer service areas must be neat, clean, orderly, and well maintained. Privacy must be maintained for the individuals being tattooed. Exits must be sufficient in number, well marked, and with backup lighting in case of power failure. One unique exposure is the presence of biohazards in the form of used needles and ink cartridges since regulations require disposable needles.
Parking lots and sidewalks need to be in good repair with snow and ice removed, level and free of exposure to slips and falls. Courts may deem the security of visitors in parking areas as the responsibility of the owner or operator of the premises. Factors affecting the risks include exterior lighting, fencing, and any other security measures in place.
Property exposure consists of a small office and the customer service area. Ignition sources include electrical wiring, heating, and air conditioning equipment. If the tattoo parlor is in a converted dwelling, wiring should be up to code and adequate for the occupancy. Age and condition of the equipment are important as fires may result from poor wiring, overheating, and poor maintenance. The pigments and dyes used for tattoos are nonflammable and nontoxic.
Workers compensation exposure is primarily from working around blood. Tattoo artists can come into contact with contaminated bodily fluids and the potential for blood-borne diseases, burn themselves on equipment, or accidentally puncture themselves while handling needles. The artist must often work in awkward positions to place some of the tattoos, resulting in neck, arm, and back strains. Because customers may become unruly, employees should be trained in how to deal with them and have access to emergency numbers in case of problems.
Crime exposures are generally limited to theft of money by employees and others if large amounts of cash are on hand. Background checks should be conducted on all employees handling money. Appropriate cash management measures should be in place.
Inland marine exposures include accounts receivable if credit is offered to customers, computers, and valuable papers and records for customers' and suppliers' information. If tattoo artists travel to the client's premises to perform services, there may be goods off premises or in transit.
Commercial Auto exposure is generally limited to hired and non-owned liability. If the tattoo artist travels to client locations, drivers should have an appropriate license and an acceptable MVR. All vehicles must be well maintained, with documentation kept in a central location.
Environmental exposure is low due to the type of pigments and dyes used. Disposal of needles must meet all regulatory requirements since they are a biohazard.
Insurance Classification Of Tattoo Parlors
Insurers classify tattoo parlors using several coding systems. You can pay more for your insurance if your body art / tattoo business is not properly classified. Below are some of the most commonly used coding systems for commercial tattoo parlor insurance:
- ISO General Liability Code: 18570
- NAICS CODE: 812199 Other Personal Care Services
- SIC CODE: 7299 Miscellaneous Personal Services, NEC
- Suggested Workers Compensation Code: 9586
Additional Tattoo and Piercing Business Insurance
In addition to the basic Colorado tattoo insurance types, your business may need additional coverage. Apprenticeship program insurance protects you from liability from any apprentice tattoo artists working under your roof. Coverage is also available for work that you do off site, either in a customer's home or a convention. Sex abuse insurance protects your business from claims arising from alleged sexual misconduct during customer interactions. These are just a few additional riders available; check with your agent to determine the extent of perils your business faces.
Choosing The Right Policy
CO tattoo insurance is typically inexpensive. Most businesses pay less than $100 per month for complete coverage. Work with a licensed agent who understands your business' needs to compare rates with top insurers and find a policy that works for you. Tattoo insurance application, cosmetic tattoo insurance, what insurance do i need for tattooing, how much is microblading insurance, ppib tattoo insurance, tattoo & piercing shop insurance, self employed tattooist insurance & microblading insurance.
Colorado Economic Data & Business Insurance Information
If you're thinking about doing business in Colorado, it's important to familiarize yourself with the economic status of the state, as well as the regulations and limits regarding insurance for businesses. Below, we offer insight into pertinent economic data related to the state of Colorado, as well as key business insurance information so that you can put your best foot forward and make the best decisions for your business in the Centennial State.
Business Economic Trends In The State Of Colorado
According to recent reports from the leading economic researchers, the state of Colorado has a healthy outlook, economically speaking. While fewer jobs will be added in 2018 than have been in recent years, the growth rate is still expected to climb.
It's anticipated that entrepreneurs who are really interested in taking risks in new ventures will be the leading contributors for the state's economic growth. However, less risky industries will lend to the economy, as well, such as cloud computing and cybersecurity.
In regard to the fuel industry, it is anticipate that there will be an increase in valuation of about 9 percent in the year 2018, and this growth pertains mainly to gas and oil. This increase will largely be due to the improvement in energy prices, which are lower this year than they have been in recent years. It's hopeful that energy prices will continue to fall so that these industries can continue to thrive.
In terms of agriculture, it's projected that farms in the state of Colorado will do a little better this year than they did in 2017. Leading economic research agencies are expecting that the income from agriculture will reach nearly $1.4 billion in 2020.
In regard to the retail market, it is also expected that this industry will see steady growth, despite the rising trend of e-commerce solutions. In fact, it's estimated that the rate of employment in the retail sector will increase by as much as 2.1 percent during the 2020 fiscal year.
Regulations And Limits For CO Commercial Insurance
The Colorado Division of Insurance regulates insurance in Colorado. CO is considered a "fault state", meaning that business owners are not legally required to carry liability insurance; however, liability coverage is the type of commercial insurance that is most commonly purchased in the state. Commercial liability insurance covers business owners and their clients for things like bodily and personal injury, commercial property damage, and injuries that pertain to advertising injuries.
The only commercial insurance that business owners are required to carry is workers' compensation insurance. Any business that employees an hourly or wage staff must carry this type of coverage to protect their employees.
Additional Resources For Health & Beauty Insurance
Learn about small business health and beauty insurance coverages that help protect tattoo artists, salons, spas, estheticians, cosmetologists, barbers, hairdressers, nail salons and more from legal liability.
- Barber Hair Dresser
- Beauty Salon
- Day Spa
- Diet Nutrition Services
- Massage Therapy
- Medical Spa
- Nail Salon
- Permanent Cosmetics And Microblading
- Personal Trainer
- Tanning Salon
- Weight Loss Center
The health and beauty industries help people look good and feel great about their appearance and health. Some of the most popular are:
Cosmetologists - typically can help people with hair styling, cosmetics, and manicures and pedicures.
Estheticians - are trained to work with clients to treat skin care issues.
Hair Dressers & Barbers - offer a variety of services such as; hair cuts, styling, perms, hair dying and highlighting.
Health Club - Gyms, fitness centers, and health clubs focus on promoting healthy lifestyles and active living.
Massage Therapy, Reiki & amp; Acupuncture - can help relieve stress and improve your clients health. Work can be done in a salon, medical office, or home based. Also in your client's homes.
Permanent Makeup & Microblading - Offers coverage for permanent cosmetics, pigment removal and lightening, lasers/IPLs, and needling/MCA.
Salons - Similar to spas, salons are offer customers beauty treatments, services and products.
Spas - Have more exposures for the risks of faulty equipment, products, or unskilled employees that can injure customers.
Tattoo - Tattoo parlor and body-piercing coverage is designed to address the specific risks of artists and their studio.
Yoga & Pilates - forms of exercise designed to improve mind, body and spiritual wellness.
Minimum recommended small business insurance coverage: Business Personal Property, Business Income with Extra Expense, Employee Dishonesty, Valuable Papers and Records, General Liability, Professional Liability, Umbrella Liability, Hired and Non-owned Auto Liability & Workers Compensation.
Other commercial insurance policies to consider: Building, Earthquake, Flood, Leasehold Interest, Real Property Legal Liability, Accounts Receivables, Bailees Customers, Fine Arts, Cyber Liability, Employment-related Practices, Environmental Impairment, Liquor Liability, Business Automobile Liability and Physical Damage, Garagekeepers and Stop Gap Liability.
Request a free Tattoo Insurance Colorado quote in Akron, Alamosa, Arvada, Aspen, Ault, Aurora, Avon, Basalt, Bayfield, Bennett, Berthoud, Boulder, Breckenridge, Brighton, Broomfield, Brush, Buena Vista, Burlington, Carbondale, Castle Pines North, Castle Rock, Cañon City, Cedaredge, Centennial, Center, Cherry Hills Village, Colorado Springs, Columbine Valley, Commerce City, Cortez, Craig, Crested Butte, Cripple Creek, Dacono, Del Norte, Delta, Denver, Durango, Eagle, Eaton, Edgewater, Elizabeth, Englewood, Erie, Estes Park, Evans, Federal Heights, Firestone, Florence, Fort Collins, Fort Lupton, Fort Morgan, Fountain, Fowler, Fraser, Frederick, Frisco, Fruita, Georgetown, Gilcrest, Glendale, Glenwood Springs, Golden, Granby, Grand Junction, Greeley, Greenwood Village, Gunnison, Gypsum, Hayden, Holyoke, Hudson, Idaho Springs, Johnstown, Julesburg, Keenesburg, Kersey, Kremmling, La Junta, La Salle, Lafayette, Lakewood, Lamar, Las Animas, Leadville, Limon, Littleton, Lochbuie, Lone Tree, Longmont, Louisville, Loveland, Lyons, Mancos, Manitou Springs, Mead, Meeker, Milliken, Minturn, Monte Vista, Montrose, Monument, Mountain Village, Nederland, New Castle, Northglenn, Olathe, Orchard City, Ordway, Ouray, Pagosa Springs, Palisade, Palmer Lake, Paonia, Parachute, Parker, Platteville, Pueblo, Rangely, Rifle, Rocky Ford, Salida, Severance, Sheridan, Silt, Silverthorne, Snowmass Village, Springfield, Steamboat Springs, Sterling, Superior, Telluride, Thornton, Trinidad, Vail, Walsenburg, Wellington, Westminster, Wheat Ridge, Windsor, Woodland Park, Wray, Yuma and all other cities near me in CO - The Centennial State.
Also learn about Colorado small business insurance requirements for general liability, business property, commercial auto & workers compensation including CO business insurance costs. Call us (720) 500-2051.