In a profession where only a couple of things are fool proof and financial safety is more like an extra, it is crucial for all levels of musicians to get sufficient insurance coverage to cover different eventualities.
It may feel like a bit drab, but there are many circumstances where comprehensive musical instrument insurance becomes a necessity should something goes wrong. Whether it is a case of public liability where a member of the audience or their property gets damaged or theft of your musical instruments, or you need to comply with the norms of a gig space, being well-insured is prudent.
Two of the most common insurance for musicians include - musical instrument cover and public liability insurance. Read on to get to know them in detail.
What is public liability cover? How does it protect you?
Public liability cover shields musicians and performers if someone makes a claim against them. For instance, in an unfortunate event where something goes wrong at a concert or other public event, like an improperly mounted speaker falling, injuring someone from the audience. In such a case, your insurance plan will protect you against any lawsuit filed by a third party. This cover is particularly crucial for those who are involved in regular performances.
What is the musical instrument insurance plan? Is it worth buying?
There is perhaps no problem more upsetting than learning that your beloved instrument has been damaged or stolen. And that uneasy feeling in your gut can get worse if you are not adequately covered.
Did you know - as per a 2011 statistic by a reputable source, around 25% of musicians have their gear stolen or lost every year? Probably, you do not want to be a part of this statistic. Right? So, apart from taking the necessary measures, you should make sure to ensure your musical instrument is your top priority.
What if your gear is stolen? What should be the basic steps to follow?
Even if you own a musical instrument insurance plan, there are some emergency steps to follow in case your musical instrument is stolen. It is not only the standard procedure but will also help you with easy and quick claim settlement. Let us have a look at the below pointers.
Inform the police and report
First thing first. Make sure to report the incident to the police in the first place. It is one of the most critical steps when it comes to getting your musical instrument recovered. After you report the case, you will receive an incident number. Keep this safe and handy as you will need it while communicating with the cops and your musical instrument insurance service provider.
Share posts on social media
Circulating the images and descriptions of your musical instrument on social media can also help yu track down your stolen gear. So, you can use the platforms wisely.
Stay alert
Be it your social media handle, online stores, auction sites, or second-hand shops, make sure to be vigilant. If you are lucky, your musical instrument could end up there, and you can claim it. Although hard to imagine, miracles do happen.
Lastly!
Protecting your musical instruments and livelihood with a reputed insurance firm featuring the best insurance for musicians is an easy chore. It will not only give you a sense of security but also help you feel confident to know that your gears are safe in the event of a covered loss. A pocket-friendly and all-encompassing musical instrument insurance policy is just a couple of clicks away.
All you need to do is proceed online. Many musicians - pro or novice, rely on their insurance partner for comprehensive coverage for flexible options and best-in-class customer support in case of an insured loss, including theft, damage, fire, etc. So, without wasting any more time, find a good insurance partner, choose a suitable musical instrument insurance plan, and get going. When you know you are safe, you can give the best of your performance.
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