How much does insurance cost for a body piercer?

Answer 1

Well fact of the matter is you will not be able to get malpractice insurance (this covers you for making a mistake during a piercing). Due to the events of 911 all insurance companies quit providing insurance for body piercing and tattooing. The companies that still provide insurance have jacked the premiums up so high that the insurance costs more than what it actually covers you for.

The only policy you can get is a standard business premise policy that covers you for the typical things (fire, theft, loss of use, slip and fall). These policies are only valid for actual commercial properties (you can't operate out of your home). Now when you are shopping for a policy be careful who you deal with, not all insurance agencies are "underwriters" they are just "brokers". Brokers are individuals who resell polices from different insurance companies. Underwriters are the actual companies who write the actual policy and carry you as a client. Big difference.

Larger and older insurance agencies quite often can "underwrite" your policy which means they are the ones who will cover your claims and provide you with coverage. Smaller insurance agencies only "broker" the policies they can provide (resell the preset packages they are allowed to sell on behalf of the underwriter. So this in mind they are limited to the types of policies they can sell and to who they can sell them too.

Discrimination comes in all forms and types even in business.

If you want to do body piercing or tattooing be prepared to shell out big bucks for insurance, it's not because you are a bigger risk, it's because of what you do. Yes if you provide body piercing services or tattooing you are considered and "undesirable" risk and that will cost you. Most insurance agencies hike up the premium rates just because of what you do (they will give you every excuse under the sun, but they won't come out and tell you it's due to your business).

So how do you get coverage for the landlord? Well find an older insurance firm and tell them what you need for coverage. You are looking for a standard business insurance policy to cover the basics. If you have your lease documents with you this will help, generally most landlords have an insurance requirements section in the lease. This will outline what type of coverage and to how much value they require to satisfy the lease requirements.

Be sure you cover your equipment replacement costs, this is very important, should you be broken into or a fire breaks out and you loose you gear the insurance policy will replace all of your equipment for it's replacement value.

This way you can relocate and get your self open and running without too much disruption. All too often people don't purchase enough coverage and then when something happens they are cloths lined by the expense of reopening or replacing what is missing. Keep in mind everything you can do to minimize your risk of loss should be done and documented and be sure to tell the insurance company about what steps you have taken to minimize risk and loss.

Bars on windows, alarm system, video cameras surveillance system, night lighting, security window film, fire extinguishers, monitored smoke alarms. All of these will help to reduce your policy cost by reducing the "opportunity factor" for someone to try a smash and grab. If you have taken a few points here and done your research you may be able to get a one year policy for any where from $ 4,000.00 to $ 2,000.00 per year. Now if you are lucky and don't have any claims in the first year or two you can see your policy cost drop by 10% ~ 25% based on the risk factors to your business. I think this should help you out on your quest for coverage.