Sexual Abuse & Molestation (SAM) Insurance

The cost of sexual abuse insurance can vary based on several factors. Insurance providers consider these factors when determining the premium for a policy.
Here are some key factors that influence the cost of permanent makeup insurance:

1. Size and scope of business:

The size of your business, whether you have a multiple employees or you are an individual can impact the insurance cost. Larger risks with more employees who may have higher premiums due to an increased risk and liability associated with more employees coming in contact with the public.

2. Type of industry:

Certain industries naturally face a higher risk of sexual abuse allegations due to their work with vulnerable populations. Businesses in these classes may see higher insurance costs, as providers assess the level of exposure and potential for claims.

3. Claims history:

Insurance companies consider the claims history of your business when determining the cost of coverage. If you have a history of claims, it may result in higher premiums.

4. Employee Screening & Risk management practices:

Insurance providers evaluate your employee screening process and risk management practices to assess potential risks. Implementing a thorough screening process and ensuring employees are properly trained to recognize and prevent sexual misconduct can help minimize liability. A proactive approach to risk management not only creates a safer environment but may also lead to lower insurance costs by reducing the likelihood of claims.