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There has been a dramatic increase in the number of New York tattoo parlors over the last decade. In fact, the industry does not seem to show any signs of slowing down anytime soon. Once primarily seen on the more unconventional members of society, tattoos are now popular among adults of all classes and ages.
While the increase in popularity is good news for tattoo artists, it is also a major concern. With more customers comes greater risk of liability. In only takes one infection or botched ink job to shut the doors forever.
Since the majority of tattoo parlors in New York are privately owned establishments, they are small businesses that cannot afford costly lawsuits. Because owning a tattoo parlor comes with such great risks, it is important to have the right Tattoo Artist Insurance in place to protect your business.
It is a specific type of insurance policy that is designed to meet the unique needs of a tattoo shop owner. With the right policy in place, you will be on the right track for making certain that your tattoo parlor continues to be a profitable business for many, many years in the future.
You have to deal with so many different risk exposures as a tattoo artist running your own shop. For this reason, you need to invest in a Tattoo Insurance policy that effectively addresses all of these risks and will help you keep your doors open even when disaster strikes.
In some cases, depending on where your tattoo parlor is located, you may be required by law to carry Tattoo Artist Insurance. Each region has specific laws that govern the operation of this type of business, thus you will need to check with the laws in your area to determine the exact type of coverage you will need to include in your policy.
If you take out a loan with a bank in order to get your tattoo parlor up and running, the financial institution may require you to carry a certain amount of Tattoo Shop Insurance. The reason for this is that should your business ever be forced to close the doors because of an expensive lawsuit or natural disaster, the bank will still get their money.
In addition, if you do not own the building out of which you run your tattoo business, but instead rent or lease it from the property owner, you may need certain coverage. It is often part of the lease terms that you carry a certain amount of insurance. This way if something happens, the owner of the property will not have to worry about their own financial security.
Regardless of the requirements for your particular business, it is a good idea that you carry coverage. Your tattoo parlor will be faced with a large number of risk exposures that could mean the end for your business. However, with the right policy, you will be able to protect the financial future of your business.
One aspect of Tattoo Insurance that is especially important is liability coverage. The risk of a legal case brought against a tattoo artist or shop is steadily rising with so many more people getting inked these days. Even when the claims are unfounded and the lawsuits are tossed out of court, the expensive legal defense bills can be enough to break your business.
Including the right amount of liability coverage in your Tattoo Artist Insurance policy will effectively protect your business. You will be covered for any fines that the court imposes on you as well as any fees that are associated with an insured event.
General liability coverage will protect you against claims of property damage or personal injury that occurs while a customer is on your business premises, such as a slip-and-fall accident. Professional liability covers the owner of the tattoo shop and the employees against claims of poorly done work or negligence. Communicable disease liability insurance will protect you if someone becomes ill after having a tattoo done at your shop.
While the exact cost of Tattoo Shop Insurance will vary from one shop to the next based on a number of different factors, the money that you pay for a policy is minimal when you consider the out-of-pocket responsibilities of an uninsured claim. The experts at Putnam Record Insurance Agency will do all of the comparison shopping for you to make sure you get the most comprehensive coverage at the best possible price.
You cannot afford to ink one more customer without proper insurance. The peace of mind you need to do your work with confidence is only a click or call away. Complete and submit the risk free quote form now to start protecting the business that you have worked so hard to build.
While most insurance products are similar in price and function, insurance providers vary when it comes to structuring a policy tailored to you.
After all, there’s no such thing as a one-size-fits-all insurance policy when it comes to your business.
Contact Putnam Record Agency today, and we’ll help you protect what matters most.