Business insurance Wisconsin companies are always looking for new clients that might need professional coverage for their business, and in doing so they are witnessing a very interesting trend.
In effect, salons, day spas and tattoo parlors are booming all across the country, in spite of hard economic measures that are taking their toll on small businesses everywhere.
“Insurance companies have underwritten this expanding business segment for nearly 15 years”, says Ethan Allen, senior executive of “The Total Body Pac” program, a new insurance coverage plan specifically targeted at these enterprises and designed by Chartis Inc. and Sterling & Sterling Inc, 2 New York City-based insurance companies.
And statistics stand by Allen, showing that between 5 to 10 tattoo parlors are opened for business every day in the United Sates and salons and day spas are practically in every corner of major cities.
For that reason, business insurance Wisconsin agents feel the responsibility to offer helpful counseling to anyone out there venturing in these types of businesses, especially considering the nature of the work they perform.
“Good businesses get a lot of clients, whether a tattoo parlor, a car wash or a bakery”, explains Josh Mitchell, an insurance agent in Milwaukee. “Proper premises liability will cover your clients from any undesired accident while in your working property, especially when they are exposed to equipment and machinery that can be potentially harmful”.
In addition, professional liability will provide tattoo parlors, piercing shops and beauty oriented businesses with the necessary coverage against any damage that comes from handling needles, disposal of waste, cleaning procedures or any other hazard that could represent harm to a client’s health.
“These types of businesses perform activities that require not only professional intervention, but also professional coverage” says Mark Randall, a business insurance Wisconsin agent. “Tattoos, piercings, body modification or beauty treatments involve techniques that could bring serious health problems like burns or infections, and deliver permanent results that can be very difficult to reverse. Insurance companies are now realizing the huge number of potential liabilities that could arise from situations like these”, adds Randall.
There are other accidents that could present themselves in tattoo parlors, day spas or salons, which makes it even more important for them to be covered by a business insurance Wisconsin policy.
“Defective product and sexual abuse liability are usually included in coverage plans regarding these types of businesses”, says Randall. “Relaxation methods could lead to someone wrongfully taking advantage of someone else, and that has happened a lot. With bad products, clients could sue your business if a product harms them, and that also has happened a lot, because these places deal with the physical integrity of their clients, and that is extremely important to them”, concludes Randall.
It’s important to protect your business and the integrity of your clients. Tattoos, body modification procedures or beauty treatments all bring considerable risk, a risk that can be mitigated with the proper Business insurance Wisconsin protection.