Body Piercing Shop Business Insurance
Getting insurance for your body piercing shop is essential.
Body piercing shops need to be protected against claims of things like personal injury, negligence, copyright infringement, and false advertising.
For example, a customer suffers an infection due to an employee using unsanitary equipment, or your shop’s new logo is found to be similar to a trademarked design.
We’ll help you find the most personalized and affordable coverage for your unique business.
Recommended: Next Insurance is dedicated to matching small businesses with the right policy at the best price.
Best Insurance for a Body Piercing Shop
General liability insurance is — generally speaking — one of the most important insurance policies for body piercing shops.
Some of the risks general liability insurance covers are:
- Bodily injury
- Property damage
- Medical payments
- Legal defense and judgment
- Personal and advertising injury
Many body shops find general liability insurance by itself to be insufficient in providing them with the protection they need, and often look at some of the following as well:
- Commercial property insurance
- Professional liability insurance
- Workers’ compensation insurance
- Commercial umbrella insurance
You’ll typically have two unique types of insurers to choose between when shopping for insurance, these are:
- Traditional brick-and-mortar insurers: Most of the industry giants are included in this category, which is renowned for providing reliable coverage – often procured through an insurance agent. For many, this grants peace of mind.
- Online insurers: This kind of provider harnesses the power of AI to provide tailored coverage at more accessible rates. This is done by foregoing several intermediaries (such as insurance agents and a physical store), which enables them to lower their overheads.
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Cost of General Liability Insurance
On average, body piercing shops in America spend between $350 - $750 per year for $1 million in general liability coverage.
Compare the average cost of general liability insurance for a body piercing shop to other professional industries using the graph below.
Several factors will determine the price of your policy. These include your:
- Location
- Deductible
- Number of employees
- Per-occurrence limit
- General aggregate limit
You may be able to acquire general liability insurance at a discounted rate by purchasing it as part of a business owner’s policy (BOP) rather than as a standalone policy.
A BOP is a more comprehensive solution that includes multiple forms of coverage, such as business interruption and property insurance.
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Common Situations That General Liability Insurance May Cover for a Body Piercing Shop
Example 1: As a customer enters your shop, she trips, cuts her hand on some broken glass in the parking lot, and demands you pay for her medical treatment. General liability insurance would cover her medical care.
Example 2: A competitor claims you libeled his business in your last advertisement and files a lawsuit. While you disagree with the claim, you want to hire a lawyer immediately. General liability insurance would pay for your legal defense.
Example 3: While carrying supplies across the store, an employee accidentally knocks a customer to the ground. The customer breaks a wrist in the fall and decides to sue your business. General liability insurance would cover your legal fees and any required settlement.
Other Types of Coverage Body Piercing Shops Need
While general liability is the most important type of insurance to have, there are several other forms of coverage you should be aware of. Below are some of the most common types of coverage:
Commercial Property Insurance
You made a major investment in your piercing equipment and supplies. In the event of a fire, theft, or natural disaster, commercial property insurance would cover the cost of repairing or replacing your business-related property. This includes structural damage to your shop as well as the business equipment and supplies you store there.
Professional Liability Insurance
While you strive to deliver the best possible piercing experience for your customers, there’s always a chance someone might claim your professional services caused them harm. If one of your customers sues you based on a negligence claim, professional liability insurance would cover your legal fees and any required settlement.
Workers’ Compensation Insurance
If you have any employees, most states will require you to carry workers’ compensation insurance for both part-time and full-time workers. This coverage protects your employees if they become injured at work or fall ill after a work-related accident. It not only covers an employee’s medical bills and lost wages if they need time to recover, but also any disability or death benefits stemming from a work-related accident.
Commercial Umbrella Insurance
While your general liability insurance policy covers most claims, some accidents or lawsuits may be so catastrophic that they threaten to exhaust the limits of your primary coverage. Commercial umbrella insurance protects you from paying out-of-pocket for any legal fees and awarded damages that exceed your primary policy.
Additional Steps To Protect Your Business
Although it’s easy (and essential) to invest in business insurance, it shouldn’t be your only defense.
Here are several things you can do to better protect your body piercing shop:
- Use legally robust contracts and other business documents. (We offer free templates for some of the most common legal forms.)
- Set up an LLC or corporation to protect your personal assets. (Visit our step-by-step guides to learn how to form an LLC or corporation in your state.)
- Stay up to date with business licensing.
- Maintain your corporate veil.
Body Piercing Shop Business Insurance FAQ
Yes, absolutely. You will need to first get a quote from an online business insurance provider like Next Insurance. Next allows you to then purchase a policy immediately and your coverage will be active within 48 hours.
A typical business owner’s policy includes general liability, business interruption, and commercial property insurance. However, BOPs are often customizable, so your agent may recommend adding professional liability, commercial auto, or other types of coverage to your package depending on your company’s needs.
"Business insurance" is a generic term used to describe many different types of coverage a business may need. General liability insurance, on the other hand, is a specific type of coverage that business owners need to protect their assets.
It’s advisable to purchase insurance before commencing business operations. Failing to obtain coverage from the outset can potentially expose your business to various unforeseen risks and legal non-compliance. Additionally, certain types of insurance like workers’ compensation and commercial auto insurance, are mandatory by law.
Furthermore, your shop may need business insurance to guard against specific risks like property damage and physical injury to customers.
Not necessarily. Certain exceptions may be written directly into your body piercing shop insurance policy, and some perils may be entirely uninsurable.
Yes, an LLC is meant to create a legal barrier between your business and your personal assets and credit. If you haven’t formed an LLC yet, use our Form an LLC guide to get started.
An LLC doesn’t protect your business assets from lawsuits and liability– that’s where business insurance comes in. Business insurance helps protect your business from liability and risk.