Virginia Tanning Salon Insurance Policy Information
Virginia Tanning Salon Insurance. As a responsible tanning salon owner, you know that protecting your business and its assets along with your personal assets is important. Tanning salon insurance protects your business from a variety of perils that might cause financial distress or leave you holding the proverbial bag when it comes to litigation filed against your business by an unhappy or injured customer.
Coverage for your tanning salon business protects you against liability charges lodged against you. Sometimes there are major lawsuits filed against tanning salons. In Mount Pleasant, Virginia, Sunkissed Tanning Spa found themselves the subject of two lawsuits. Two separate clients filed for $50,000 in purported damages against the spa due to negligence and privacy invasion by the owners. These suits are not uncommon and that is why Virginia tanning salon insurance is so important.
Virginia tanning salon insurance protects your business from lawsuits with rates as low as $85/mo. Get a fast quote and your certificate of insurance now.
The tanning industry received more heat in recent years due to the Melanoma Research Foundation stating that tanning bed UV exposure increases melanoma risk in people age 30 and under by as much as 75 percent. An uptick in lawsuits followed the study's results occurred. Many consumers are now claiming injury from laying in the tanning bed, and they are holding salon owners accountable.
Even among salon owners who follow the recommended practices from the manufacturer and follow strict privacy rules to build strong reputations for service and safety, tanning salons are still targeted in our litigious society. Commercial insurance covers many risks, but it can be a good idea to take out a specialized Virginia tanning salon insurance policy that is tailored to the unique risks of your tanning business.
What Type of Tanning Salon Insurance Do You Need?
Understanding the details of your policy is important as a salon owners. You must also understand the individual needs that you have for protecting your business. There are several types of Virginia tanning salon insurance policies that are necessary to ensure that your personal and business assets are not put in jeopardy if you are unfortunate enough to be sued by a customer who was harmed or injured in your salon. Some to consider:
- Property insurance - Protect your property, even if you do not own the building in which you do business, with property insurance. This coverage included the expensive equipment in your salon as well as damage that might occur because of theft, fire, smoke, and vandalism, among other perils.
- General liability insurance - Protect your assets from seizure, both on a personal and business level, with general liability insurance. If you have a customer who lodges a claim of bodily harm or property damage due to your business actions or inactions, then this policy is vital to fighting the claim, paying legal costs for your defense, and paying out awards, up to a limit.
- Business owner's insurance policy, or BOP. - A type of blanket insurance that puts a number of policies into one larger policy including property and liability coverage. BOP is a good choice for many salons.
- Commercial auto insurance - Cover the vehicles your business uses with commercial auto insurance. This is like a standard auto policy, but it's for business purposes only.
- Professional liability insurance or errors and omissions insurance - If a client files a claim for losses due to your business' negligence, this is the type of policy that kicks in and pays for any awards given in court and for your legal team to represent you.
- Office buildings
- Worker's compensation insurance - Keep this type of insurance in force to cover employee ideuries or illnesses. It pays wages and medical costs if employees are hurt or become sick due to job-related duties.
The Cost of Tanning Salon Insurance
There is no specific set cost for Virginia tanning salon insurance, since each salon is independent and faces varieties of risks. Some things that insurers look out when determining the premium charged for each salon include the salon's location, the building the salon is housed inside, the safety measures present in the salon, any history of claims against the salon, and any supplemental services offered. The level of coverage desired also matters. Work with a licensed agent to determine how much Virginia tanning salon insurance coverage you need and retrieve quotes from several insurers to find one that meets your budgetary restraints.
Virginia Economic Data & Small Business Insurance Information
If you're planning on starting a business, a lot of planning and factors need to be taken into consideration. Of course, having a great business model and offering valuable products and services are all keys to your success; however, there's something else that you need to take into consideration: where you're going to set up shop.
In order to reap the success that you hope for, you need to choose a location that offers favorable conditions for your specific business. If you operation isn't located in a location that can benefit from what you plan on offering, you aren't going to achieve the success that you desire.
For entrepreneurs who are thinking about Virginia as a location for their headquarters or a branch of their company, it's important to familiarize yourself with the economic trends in the commonwealth. It's also essential that you have a keen understanding in regard to the type of insurance coverage you'll need to carry to protect yourself, your clients, and your employees.
Business Economic Trends In Virginia
In regard to job growth, VA exceeds the rate of national job growth. As of February 2019, unemployment rates were at a historic low in The Volunteer State, with a rate of 3.2% throughout the state; 0.1% lower than the last historic low of 3.3% in October of 2018. That's lower than the national unemployment rate, which was reported to be 3.8% in February of 2019. Economists are forecasting continued job growth throughout the state into 2019.
The Commonwealth of Virginia has seen a dramatic upswing in economic growth in recent years. As of late 2019, the unemployment rate had fallen to a record low of just 2.9 percent; a significant difference compared to the national unemployment rate, which was 3.7 percent. In a one-year period, nearly 65,000 jobs were added. In 2019, the unemployment rate and economic growth of the state continues to be positive, and it expected to remain in the green well into 2019 and the future.
In regard to areas that offer the most favorable conditions for business owners, there are several. Metropolitan areas, including northern (Arlington, Fairfax, etc...), central (Richmond, Ashland, Lynchburg, etc...), and southern (Chesapeake, Newport News, Hampton, Norfolk, etc...) all afford great opportunities for entrepreneurs. However, virtually any location in the Commonwealth of Virginia can be considered favorable for business owners.
Industries that offer great promise in Virginia include:
- Education and training
- Information technology
- Travel and tourism
Commercial Insurance Regulations & Limits In VA
The Virginia Bureau of Insurance regulates insurance in Virginia. Just like any other state in the country, there are regulations in place regarding commercial insurance. Business owners are required to carry certain types of coverage to protect themselves, their clients, and their employees.
Small businesses with 2 or more employees are required by VA state law to have workers comp insurance coverage.
If you use certain types of motor vehicles for business-related purposes, you'll also need to invest in commercial auto insurance coverage to protect your drivers, as well as other drivers on the road.
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 Virginia Tanning Salon insurance quote in Alexandria, Annandale, Arlington, Ashburn, Bailey's Crossroads, Blacksburg, Bon Air, Brambleton, Brandermill, Bristol, Broadlands, Buckhall, Bull Run, Burke, Burke Centre, Cave Spring, Centreville, Chantilly, Charlottesville, Cherry Hill, Chesapeake, Chester, Christiansburg, Colonial Heights, Culpeper, Dale City, Danville, East Highland Park, Fair Oaks, Fairfax, Falls Church, Fort Hunt, Franconia, Franklin Farm, Fredericksburg, Front Royal, Gainesville, Glen Allen, Great Falls, Groveton, Hampton, Harrisonburg, Herndon, Highland Springs, Hollins, Hopewell, Hybla Valley, Idylwood, Kings Park West, Kingstowne, Lake Ridge, Lakeside, Laurel, Leesburg, Lincolnia, Linton Hall, Lorton, Lynchburg, Manassas, Manassas Park, Martinsville, Marumsco, McLean, McNair, Meadowbrook, Mechanicsville, Merrifield, Montclair, Neabsco, Newington, Newport News, Norfolk, Oakton, Petersburg, Portsmouth, Radford, Reston, Richmond, Roanoke, Rose Hill, Salem, Short Pump, South Riding, Springfield, Staunton, Sterling, Sudley, Suffolk, Timberlake, Tuckahoe, Tysons, Vienna, Virginia Beach, Waynesboro, West Falls Church, West Springfield, Williamsburg, Winchester, Wolf Trap, Woodlawn and all other cities in VA - Old Dominion.
Also learn about Virginia small business insurance requirements for general liability, business property, commercial auto & workers compensation including VA business insurance costs. Call us (703) 747-9779.