There are few things as soothing as music. From time immemorial musicians have had great stature in the society and have played significant role in the evolution of culture. Howeverlife of musicians has changed a lot in the last few decades as this art has imbibed the attributes of all other professions. Like any other professional every musician aspires to become self-sustaining, self-employed and self-sufficient. High levels of professionalism do come with its own sets of risks and challenges which as a musician you need to overcome.
Whether you perform in a band or play solo you need to have yourself protected against all risks and this is where you need music insurance. In the past most musicians didn’t care much about insurance and most often had to bear the financial costs of loss or damage of their instruments. But over the last few decades there has been an increased awareness regarding insurance for musicians and today both professional and amateur musicians get their instruments and accessories covered under various plans. Let us now take a look at reasons why insuring your instruments has become mandatory and is no longer optional.
Instruments Are Expensive
The first thing that makes insurance for musicians mandatory is the price of the musical instruments. If you buy the best instruments from the top music labels in the world you would have to loosen your purse. You are aware of the huge costs of quality instrument and equipment and loss or damage to these can hurt you financially. When you are on the road regularly during concerts and other events the risk factors multiply. In fact most of the damage and misplacement of these instruments occur during transit. Having an insurance policy would take care of this risk and help you earn adequate compensation for the loss or damage to the instruments.
Your Risks Have Increased
Let’s walk back in time and go to the 1950s. What were the risks for any musician? It was only surrounded around loss and damage of the instrument and other musical gear. All that has changed in the last six decades as musicians can be held accountable for damage to the property occurring during his/her performance, any injuries happening due to crowd misbehavior. In such a scenario you have no choice but to buy an insurance plan that protects your back against third-party liability claims. This allows you to perform with freedom and not worry about any liabilities associated with the performance.
When you are buying insurance you should always do some background research on the track record of the insurance company. Some Google search would help you verify the credibility of the claims made by the company. These days there are a number of companies that cater to the niche needs of the musicians and bands. They offer plans that can easily be tailored to meet the needs different musicians and bands and also protect them against some of their unique risks.
Whether you perform in a band or play solo you need to have yourself protected against all risks and this is where you need music insurance. In the past most musicians didn’t care much about insurance and most often had to bear the financial costs of loss or damage of their instruments. But over the last few decades there has been an increased awareness regarding insurance for musicians and today both professional and amateur musicians get their instruments and accessories covered under various plans. Let us now take a look at reasons why insuring your instruments has become mandatory and is no longer optional.
Instruments Are Expensive
The first thing that makes insurance for musicians mandatory is the price of the musical instruments. If you buy the best instruments from the top music labels in the world you would have to loosen your purse. You are aware of the huge costs of quality instrument and equipment and loss or damage to these can hurt you financially. When you are on the road regularly during concerts and other events the risk factors multiply. In fact most of the damage and misplacement of these instruments occur during transit. Having an insurance policy would take care of this risk and help you earn adequate compensation for the loss or damage to the instruments.
Your Risks Have Increased
Let’s walk back in time and go to the 1950s. What were the risks for any musician? It was only surrounded around loss and damage of the instrument and other musical gear. All that has changed in the last six decades as musicians can be held accountable for damage to the property occurring during his/her performance, any injuries happening due to crowd misbehavior. In such a scenario you have no choice but to buy an insurance plan that protects your back against third-party liability claims. This allows you to perform with freedom and not worry about any liabilities associated with the performance.
When you are buying insurance you should always do some background research on the track record of the insurance company. Some Google search would help you verify the credibility of the claims made by the company. These days there are a number of companies that cater to the niche needs of the musicians and bands. They offer plans that can easily be tailored to meet the needs different musicians and bands and also protect them against some of their unique risks.
No comments:
Post a Comment