An insurance policy covering the owner of a tanning salon is vital for financial protection against events and situations out of their control. This makes it possible to operate the small business with the peace of mind that legal hassles and associated items will be taken care of.
The cost of insuring a small tanning salon differs from one salon to the next. Why? The cost depends on several factors such as location of the business and type of building in which it’s located. Cost of insurance is also dependent on the safety measures that the owner of the tanning business has put in place. The types of services offered, claims history, and the types as well as amounts of the coverage all determine how much your annual premium will be. Therefore, be conscious of these factors when trying to calculate the premium.
To help reduce and even prevent unwanted lawsuits is the waiver each client should read and sign on the inherent dangers of being exposed to UV rays before any procedure has begun.
The policy this protection will cover includes the brick and mortar establishment along with the premises so if any accidents occur to a patron causing injury can be financially covered to protect against the following;
A policy covering UV tanning procedure is very important. The coverage would be under professional liability insurance category and it will financially cover the owner against any possibility of a lawsuit or claims due to the following;
Many tanning establishments also offer spray tanning procedures as an option for their clients. If your establishment does, then this area of your business should either be include in your insurance policy or have a separate one just for it to cover the following;
This is also what the owner and employees should have to financially protect themselves. This coverage includes accidental events between the employee or owner and clients that can include the following;
Other policies a tanning studio owner should have include the protection against employees to include workman compensation policy and personal liability. The policy has to cover full and part time employees along with students in training and volunteers. This is necessary because of the following;
By having the correct type of insurance, a tanning shop owner can rest assured their business will continue no matter the type or size of lawsuits are filed against them for any reason.
In a single year, the more than 2,000 beauty establishments that are in the UK serve nearly one million customers. The revenue that indoor UV studios earn in the country is growing every year. Therefore, this is proof that the tanning industry is growing exponentially; hence, the crazy sums awarded in personal injury claims and other types of legal suits. To reduce the risk of closing your profitable business, you must invest in protecting your small business, which can provide the following types of cover:
Owning a UV shop is not a simple issue. It carries the risk of causing serious injuries or bodily harm. Before you go out to begin searching for an insurer from whom to buy your policy, you have to spend time learning about the differences between professional liability and general liability insurance covers. In all likelihood, you will need these two types of protection. This is because these two types cover specific aspects of the business, thus protecting you financially.
Therefore, you now know the importance of investing in salon Insurance. The main point to remember here is the insurance protects you from third party claims, which are all too common in the industry. The most common types of claim filed against owners are personal injury claims. It’s worth restating that the monies or compensation quoted in these can be huge and capable of bringing a small business down to its knees – financially. Therefore, speak with your insurer today about getting a policy the provides the right level of protection.