In a profession where things are always almost uncertain, it is crucial to buy adequate insurance to cover a wide range of eventualities. It might sound a little straightforward, but there are a whole lot of scenarios that deliberately call for the protection of an insurance plan.
Whether it is a case of public liability, an injury to a crew member, theft of a musical instrument, or a state or venue mandate to comply with, insurance protection always comes in handy. So, when it comes to Insurance for Musicians, two of the most prudent insurance covers you are likely to need mainly include musical instrument cover and public liability cover. Let us dive deeper to get a clear insight into it!
What do you mean by public liability insurance?
A public or third-party liability insurance safeguards musicians if any third person (public) files a claim against them. For example - unfortunately, if something goes wrong at an event, such as a podium fell down the stage, injuring someone from the audience, then your insurance plan would protect you against the claim made by the injured person.
Similarly, many scenarios could go wrong at a public event. However, with adequate insurance cover, you can deter these mishaps without having to trouble yourself.
Moreover, most gig spaces, auditoriums, and venues ask musicians whether or not they have their liability cover before allowing them to perform. In some cases, if you do not have this cover, you might not be allowed to even perform. Therefore, it is always wise to carry one.
Is musical instrument and equipment insurance that important?
No situation can be as gutting as recognizing that your prized possessions, your musical instruments have been damaged, lost, or stolen. And knowing that you do not have Insurance for Musicians can make you feel even worse.
In the year 2014, a $5 million string instrument was stolen in one of the states of the US. The string was among one of the finest creations of history. However, the gear was traced and finally found at a local art thief's attic.
It (the case mentioned above) was not the only case of musical instrument theft that happened in the past. There are many more cases that will run chills down your spine. So, being a musical instrument owner and a musician, you should make sure to get it insured. And, for this, you will not have to run extra miles. All you need to do is find a good musical instrument insurance provider and buy a suitable cover.
Are you wondering about your home insurance cover?
Dear reader, the main focus here is to get an insurance plan for a musician. So, aren't you wondering if or not your home insurance policy works here? Well, as far as your homeowner's insurance plan is concerned, it may provide cover to your musical instruments up to some extent. However, the cover it will offer is very less likely to meet your requirements. Plus, it will have its limitations. Therefore, it is not advisable to go that way where your home insurance fails to provide you with enough protection.
What are the limitations of your homeowner's insurance plan?
No doubt, you have got the best insurance coverage for your home. However, when it comes to protecting your musical instruments, here are some of the limitations of your home insurance:
● It is less likely to offer an all-encompassing cover for your musical gears.
● It is less likely to cover the accessories.
● It is less likely to cover public liabilities and worldwide music tours.
The best thing to do here is - getting a dedicated musical instrument insurance plan intricately designed for musicians of all professional standing. So, find the best insurance provider in your state and protect your gears without making any delay.
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