Business

The Business of Tattoo Art

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Tattoos may be the art form of the 21st Century, with one out of five Americans displaying some body art whether it is hidden from everyday view or in plain sight. On the other hand,though, demand continues to surge for tattoo removal services among the 45 million in the country who already have a tattoo somewhere on their body. Of tattooed Americans, 11% either have plans for a removal or they have already had the tattoo removal performed. Tattoo artists are the business people caught in the middle of these conflicting trends. They also provide related body art like body piercings, microblading, and permanent makeup. The artists who perform work on their customers’ bodies have a lot to consider as they make the best business decisions in everything from products they use to insurance coverage they get to carry on the business side of their artistry.

Mesa AZ – Not only do tattooists have responsibility for the images they create on their customers’skin, but they have all the practical concerns of a small business owner as well. For the tattoo artist everything from shop rent to taxes to insurance coverage for the shop are all part of the business behind the front wall flash.Providing artists with a range of options, CityScape Insurance announces coverage for tattoo shops in AZ, FL, NM, and TX.

Whether it’s a massive new piece Drake recently spent more than 12 hours with his artist to complete, or the strange but true story of Chrissie Tiegen’s father having his daughter’s face tattooed on his body, tattoos are all over in the news and on the bodies of sports stars and artists. But beyond the headlines and noticeable beauty on bodies all around, though, a lot of people don’t give much thought to the artists who create the images that are proudly displayed on walking human canvases from coffee shops to concert halls around the world.

CityScape Insurance focuses on the industry because they know the unique risks and rewards of the tattoo business. They provide coverage for a range of liability and business issues,including:

  • • General Liability
  • • Professional Liability
  • • Excess Liability
  • • Infectious Disease Coverage
  • • Abuse & Molestation Coverage
  • • Property Coverage
  • • Workers Compensation

Not only do they cover the artists who create the visual images seen on skin all around, but they also have insurance available for all the various types of artists who provide anyone of a range of related services, from body piercing to permanent makeup to microblading, and even for those who do tattoo removal services. Of course insurance coverage is most effective and provides the best value when it is fit to the specific services and work done at a particular shop, which is why professionals at CityScape work well with tattoo shops to find the right coverage fitted to their business.

From new developments that add unexpected potential new risks to the business, such as researchers in Colorado who are working on “high-tech” tattoo inks that they claim may help to warn of excess sun exposure or even changes in blood sugar, to rare cases of microbial growth in inks, the truth about tattoo inks is that they are not regulated or tested for safety by the FDA. Tattoo inks have been associated with adverse health results, from reactions to chemicals in the inks to even cases of microbes in the ink that came from the factory and lead to illness.Tattooists are responsible for their professional use of inks and all the related tattoo equipment, of course, and they also have a duty to get thorough and extensive insurance coverage to protect their clients.

Tattoo shops in AZ, FL, NM,and TX now have the option of choosing to work with CityScape Insurance for their shop coverage. CityScape provides aggressive rates as well as wide-ranging experience in the market. They provide service that starts with quick quote turnaround and continues to low monthly payment options. Choose from multiple carrier options that CityScape represents. Artists usually just want one less thing to think about while they are busy making art look beautiful on their customers. Getting the best insurance coverage is one good way that a lot of shop owners have one less worry in mind as they go about the business of creating great tattoo art.

Cyber Liability

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Digital security concept screen
Cyber liability in the recent past has become a common term to many. This term can be defined as the risk that an individual is exposed to when he/she transacts business over the internet, through other networks, or even through the use of modern electronic storage gadgets. Insurance can be purchased and “risk associated” security methodologies can be put in use to deter first and third party risks brought about by digital liability.

“First party” liability comes in when your own individual information is breached, for instance, a hack that results into exposing your own business secrets. “Third party” liability takes place when the clients’ or business partners’ details that you have vowed to keep confidential are breached. A good example is a hack that exposes a client’s financial statements.

A majority of businesses across the globe are taking a deeper thought over their cyber safety and security. This has been occasioned by incidents of information breaches by big business companies. Small business companies are particularly susceptible because their cyber security systems are not as advanced as big companies.

According to Verizon’s Data Breach Investigations Report of 2012, 70% of the victims were not specifically sought out due to their poor cyber security but rather were victims of exploitable weakness. Their database were easy to access. Evidently, insurance of both first and third party liabilities is very important in the modern day business world.

Importance of protection against cyber liability

Incidents of breaches can lead to massive losses of income as well as tainting individual or company reputations. A negative image may diminish a customer network base that will subsequently lead to little profit margins or in some instances losses. To avoid this one can procure a protection policy.

It is also in the public domain that some multi-billion business entities have been sued in courts and forced to pay hefty regulatory penalties, fines, and expenses due to third party breaches. Additionally, notifications expenses and computer money transfer frauds are other negative effects. These incidents have left many companies and individuals bankrupt within few hours or days without their knowledge. These occurrences can be avoided through the use of the right protection policy.

Typically digital policies cover both first-party and third-party liabilities.

First-party policy covers the following:

  • Forensic audit- involves the cost of hiring computer forensic experts hackerduring the first steps of suspicion of a data breach.
  • Business interruption and extra costs- it covers lost profits and extra costs occasioned by a data breach.
  • Computer and data loss costs-covers expenses of restoring lost information due to a hacker’s activities
  • Electronic fraud and theft protection- it covers the financial losses resulting from criminals who hack to steal money

Third-party policy

It covers the expenses of hiring lawyers, expert witnesses, and consultants to help defend your business from lawsuits by clients, shareholders and business partners who claim they have negatively been affected through exposure of their details.

Third-party policy coverage is also commonly sought after by many companies to offer defense against administrative and regulatory agency prosecutions, for example, the Federal Communications Commission. This policy covers punitive damages, penalties, and fines.