Frequently Asked Questions About
Commercial General Liability Insurance
How much does commercial insurance cost?
Costs can vary widely based on industry and are also determined by zip code and often payroll and/or gross sales. Request a free quote to get an exact number.
What kind of business insurance do I need?
Most business owners need General Liability Insurance at the very least. If you have any non-owner employees, you will need workers compensation insurance too.
What is a Certificate of Insurance?
A Certificate of Insurance is proof of coverage. It lists the type and amount of liability coverage you have and other policy information when a third party requests it.
Is business insurance tax deductible?
Yes. you can deduct the cost of commercial insurance premiums. The IRS considers insurance a cost of doing business as long it benefits the business & serves a business purpose.
Tattoo Insurance Kentucky
Tattoo Insurance Kentucky. 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 KY.
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 Kentucky 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 Kentucky 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 KY 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 Kentucky 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 KY facility or location, then your leasing agent or the owner of the building may require Kentucky 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 Kentucky 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.
Kentucky 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 Kentucky 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
KY 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.
Kentucky Economic Data And Business Insurance Requirements
In order for a business to succeed, it's important to have a firm understanding about the economic status of the state that the organization is going to be established in . It is also important for business owners to know what type of commercial insurance they are required to carry in KY.
If you are thinking about opening or moving a business in Kentucky, keep on reading to find out some key information about the economic status of the state, as well as the KY commercial insurance requirements.
Business Economic Trends In The Commonwealth Of Kentucky
As per recent reports from leading economists, the economic outlook for Kentucky is looking bright. More jobs have been added in recent years, which is evidenced by the declining unemployment rate, and it is expected that more jobs will be added in the year 2018.
The goods and services industries are the two areas that are really expected to add significant gains to the economy of Kentucky. Industries in this sector are flourishing, with new companies being added during the 2018 calendar year. It is also expected that more jobs will be created in this sector in the upcoming years.
While technology is taking over the manufacturing sector in many other parts of the nation, in Kentucky, this industry is growing; but, it is growing at a slower rate than usual, as technology is also having an impact in KY. It is also predicted that the healthcare firms will continue to be added in Kentucky and will provide ample opportunities for employment, creating more jobs than manufacturing.
There three key areas in the Kentucky that are contributing the most to the economy, and these include Lexington, Northern Kentucky, and Louisville.
Commercial Insurance Requirements In KY
The Kentucky Department of Insurance regulates insurance in KY. Like most other states, business owners are required to carry workers comp insurance in Kentucky. In the Commonwealth, if you employ a staff of hourly or salaried employees, you must carry this type of coverage, even if your staff only consists of one person.
Commercial auto insurance is also mandate in Kentucky, so if you use a vehicle for business-related reasons, you must have this type of coverage.
You are not required to carry commercial liability insurance; however, it is a wise idea to invest in a policy. It will protect you from any legal issues that might arise, such as slips and falls or property damages.
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
- 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.
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Quotes from leading small business insurance carriers including: ACE, AmTrust, Chubb, Cincinnati, CNA, Colony, Employers, Evanston, Fireman's, Foremost, Guard, Hanover, Hiscox, Liberty Mutual, LLoyd's of London, Markel, MSA, Nationwide, Penn America, Philadelphia, Prime, Progressive, Scottsdale, The Hartford, Travelers, USLI, Utica First, Western World, Zurich & others.