Viola Insurance Offers You 360° Protection from Potential Risks

Do you play the viola? Have you got your instrument insured? A decade or two back a small percentage of the musicians would insure their instrument and many wouldn’t have even heard about musical instrument insurance plans. But in the recent years there has been increased awareness about insurance among musicians. The music industry in the 21st century operates like another professional business. While musicians’ life is still nestled around creativity and entertaining people they also need to be aware of the risks associated with this profession. Irrespective of whether you are a professional violist or play it as an amateur, you must get your instrument insured.

A viola insurance plan is a specialized plan that has designed to meet the requirements of violists. One of the biggest challenges for any musician today is to maintain the quality of their instruments amidst the constant threat of damage and loss. Any case of loss and damage can make you poorer by hundreds of dollars. The dollar figure may rise exponentially if you play a premium instrument or one that has some vintage value. Viola insurance plan has been designed to deal with all financial losses that you may face.

Here we take a look at some of the protection that you can expect from your insurance plan.

·        Repair Costs – As mentioned earlier this is one of the biggest concerns for any musician. Your instrument can suffer damage when you are playing it on stage or while in transit. Irrespective of the damage you would need to take it to a professional for repair and depending on the damage you may have to part with a princely sum of money. Your insurance plan would take care of the repair costs and also let you hire an instrument for the time period when your viola is being repaired to fulfill your professional commitments. 

·        Thefts & Burglary – Thefts and burglary of musical instruments are common as these things have a good resale value in the market. And you can’t rely on your homeowners plan as it offers you limited coverage and that too when the instrument is stolen from your home. You can lose it during transit or when you keep it unattended in a car park. In all such cases your insurance plan would compensate you adequately to buy a new instrument.

·        Fires & Natural Disasters – There is little that one can do to prevent fires and natural disasters. When such a tragedy strikes you are at total loss as you they damage all your possessions and belongings. For any musician the loss of voila is more than mere loss of possession. It can affect your profession and make the challenging time catastrophic. An insurance plan would take care of the cost of replacing your instrument when such events occur. 

Since there are a number of companies who have come out with viola insurance plan you need to be choosy. Do research on the company and make sure they enjoy strong reputation with their customers. 

Studio Insurance - Things That Are Covered Under Studio Coverage

If you own a music studio you would have invested thousands of dollars into setting up all the infrastructure and buying equipment. Whether you rent out the studio for recording purpose or simply run a music school you need to buy insurance to shield yourself and your business against the risks. One of the common misconceptions with home studio owners is that their homeowners plan would help them deal with any losses or financial liabilities in case of mishaps. But this isn’t quite the cases as homeowner’s plan doesn’t offer you protection against inherent risks associated with your business and neither do they offer you complete financial coverage. What you need is a specialized music studio insurance plan. Studio coverage would not only help you cope up with financial losses but also protect your brand name.

What Does It Cover?

·    Equipment – As stated earlier you would be investing thousands of dollars on various kind of musical and recording equipment when you run a studio. Most musical instruments tend to be very delicate and same applies to state-of-the-art equipment making them prone to damage. This can happen due to negligence or due to regular wear and tear. While some cases may call for repair, severe damage to the equipment may demand total replacement. Studio coverage would offer you protection in such cases and compensates you for the repair and replacement costs for your equipment. This also includes loss of equipment to burglary, incidents of hire or other such event.

·   Liability – As an affluent music studio owner you may be able to deal with financial losses from loss or damage to your equipment but there is no way you would be able to deal with the liabilities. When you have musicians or students in your studio, you are responsible for their safety. In the event or any accident or bodily injury you are liable to be held guilty of negligence. And this would be followed by third-party claims and you may need to compensate them for their medical bills, loss or income and any other compensation that may be attached to the claims. Your studio insurance plan would protect you against all such risks.

·      Infrastructure–You may own the premises where the studio is housed or may run it at a rented location. Running a music studio requires special physical infrastructure where the building needs to be soundproofed.  Like your instrument and equipment the physical infrastructure is also at risk and any damage may call for thousands of dollars’ worth of repair. With a studio insurance plan you would have no reasons to worry about the damage to the infrastructure.  In fact you may not be able to rent a building to house your studio without a plan that protects the asset in suck kinds of cases.

Studio insurance isn’t optional for a music studio owner; it’s one of your basic inputs into the business. With a number of companies offering you insurance plans you must buy one that offers you maximum coverage. 

Music Studio Insurance - One Complete Protection Plan

Music studios are mushrooming all over the world as it is a very lucrative business. With hundreds of musicians, bands and groups coming up with their albums and singles there is lot of money to be made by owning and running a music studio. Like all other movable and immovable assets in the music industry, there are a number of risks to this business and you need to protect yourself against these. Music studio insurance is one of your best safeguards against these threats. These are specialized plans that have been designed to cover you against third-party lawsuits and others risks protecting your assets and business. They offer you complete protection in many ways and here we shall take a look at some of these.

Damage To Equipment – Like all other music studios, yours too depends on variety of equipment to aid recording of music. From the wide range of microphones to speakers, mixing machines, computers, recorders and monitors, the list just seems to be endless. All these cost you thousands of dollars and any damage can leave you in a state of shock and warrant immediate repair. Moreover when you have different groups of people using your studio the risk just magnifies. Music studio insurance would take care of all the financial losses associated with damage to your equipment.

General Liability Protection – While injuries are rare in music studios with state-of-the-art equipment, they aren’t unheard of. When people suffer injuries due to your equipment even when they don’t adhere to the standard operating procedure, they can file a lawsuit. In such cases your insurance plan comes handy and helps you in dealing with such claims. They would settle all the compensation claims.

Burglary – Music studios often become easy targets for burglars because of the expensive equipment that they house. Studio insurance plans would offer you complete protection against such incidents and would take care of your needs in having to replace your equipment and accessories to ensure there is no loss of business and hassles in resettling your business.

Rented Premises Liability– If you are running your music studio from rented premises or if you have a special off-location mixing facility, you are liable for all the damages that are caused to the infrastructure where your studio is housed. This insurance plan would offer you necessary cover for the repairs and replacements carried out at the rented premises. Without such insurance plan it would be quite difficult for you to rent a suitable location to run your business.

Additional Protection – Apart from the above mentioned coverage, there are other add-on coverage that you can opt for while buying your insurance plan. These include auto liability insurance that protects your vehicles and liquor liability which you may need in case you serve alcohol to your clients inside the studio and it leads to damage of your equipment.

Music studio insurance protects you against many risks associated with this business. You need to buy plan from a reputable insurance company that deals in these products and offer you adequate protection.

How Studio Coverage Protects You Against The Many Risks?

Most musicians dream of owning their own recording studio or starting with home music school. Owning a music school or recording studio is no easy job. Apart from the huge investment that goes into setting up such studios/ schools, you also need to work towards maintaining them. You also have to ensure that all instruments and equipment are work optimally. But the challenge of running a studio doesn’t end there, as you also need to protect yourself and your brand name against the many risks that are associated with this business. You need to choose an insurance plan that offers adequate studio coverage to help deal with various kinds of situations that you would encounter. A studio coverage plan would protect against your own losses or claims made by other people. Here are some of the ways in which studio coverage can protect you.

·    Damage Protection – Musical instruments and audio equipment are prone to damage and when you are setting up a professional grade studio, you will have to pump in thousands of dollars to buy state-of-the-art equipment that aids quality recording and music lessons. Damages can happen accidentally and also wear down with time. In all such cases, you would have to incur losses in terms of repair, costs and also bear loss of business. In some cases, the instruments and equipment are damaged beyond repair and need to be replaced. When you buy a studio coverage plan, it would cover the financial losses associated with the repair of the instrument. You can choose different types of plans that include ‘New of Old’ and ‘Valued at Basis’.

Independent Contractors Coverage –A good part of the music studio business involved renting it out to third party contractors who record their music. But this also increases your risks as you can be held liable for any injury or accident that happens to people who are using your studio. Same is the case with music schools where any injury to students attending your classes can be attributed to your negligence. In such cases studio insurance plan with liability coverage would save your day as it helps you deal with all kinds of third-party liability claims made against you and your studio or music school.

Burglary and Theft – Even if you run a home based music studio, your homeowners plan doesn’t offer adequate coverage. They don’t cover damages due to usage, retain the undamaged parts or offer you the right to repurchase. So in case of theft and burglary, you are at total loss and have to bear all the cost of replacement. However when you buy a music studio insurance plan it would cover all these risks and many others. These plans compensate you adequately to restart your business without much terms and conditions.

Studio coverage plans are a must for any individual or group that owns a recording studio.  You need to choose a professional insurance company that offers you tailored plans that protect you against all kinds of risks associated with your business. 

Why Audio Equipment Insurance Is Must In The Music Industry?

If you own a recording studio you are no stranger to the amount of risks involved in this profession. As the popularity for different genres of music rise sharply around the world, recording studios are acting as nerve centers in this industry. Many studios serve as instructional schools where people of all age groups come to take music lessons in different instruments ranging from guitars to flutes. These studios are also thronged by amateur and professional musicians and groups for recording their music or for mere mixing purposes. It is no surprise that to run a modern studio, you would have to invest on state-of-the-art audio equipment as this will help you stand ahead of your rivals. You will need to pull in a huge financial investment to start a studio that can be used by professionals.

Music Is Serious Business   
There was a time very long ago when music was considered merely to be an expression of art that had a soothing effect on the listeners. While it has still retained its entertaining factor and mesmerizes people, you cannot deny that it is also a serious business today. This is a multi-billion dollar industry and like all similar industries, it has its fair share of challenges and risks that you would need to mitigate. This is why home or commercial studios and those who rent out equipment should take precautionary measures to protect their interests. Audio equipment insurance protects you against this challenge and helps you overcome the financial risks associated with the loss and damage of these instruments. These are specialized music insurance plans that have been designed to cater to the needs of people whose profession revolves around handling audio equipment or who rent these out to various musical groups.

Protection Against Damage& Loss of Equipment   
These equipment being delicate require careful handling and storage and you would personally do the needful to prevent any kind of damage to your costly audio equipment. But when you have so many people using the audio equipment, it is easier said than done. There is always the risk of damage and it can involve thousands of dollars in repair and also the loss in revenue when audio equipment goes for repair. Apart from accidental damage to the equipment, there is always the risk of burglary of your equipment and we have heard of such stories many times. Equipment has been stolen from venues or while in transit. An insurance plan would protect your interests in such cases.

Liability Insurance      
Music studios and agencies that rent audio equipment also stand to be held liable in case there is injury to the students, recording artists, fans or the musicians arising out of audio equipment. While some cases may emerge due to negligence, in most other cases there is little that you can do to prevent such incidents. Whatever be the case you would have to deal with third-party claims and even in such cases insuring your equipment would help you deal with any liability claims that are made against you and your equipment. 

Performance Insurance Helps You Deal with Mishaps and More

Are you planning to organize a musical tour or an outdoor festival? You would want a jam packed event where the performers woo the crowd. This guarantees you success as an organizer and lets you earn healthy return on your investment. But when large crowd gathers at a venue there is always the risk of something going wrong. If you keep a tab on the events in the music and glamour industry you would have come across numerous incidents in the last few years when fans have gone violent or a musician has suffered injuries due to stage equipment.

Recall the Sugarland Concert in 2011 when 7 people died and dozens others were injured when a stage collapsed. While you would take all precautionary steps to prevent such ugly incidents you still need to prepare for all the eventualities. This is where you need to buy performance insurance as this will protect you from different kinds of risks associated with organizing large musical and entertainment events. These insurance plans aren’t only meant to safeguard you financially but also protect your brand name. As an event organizer you surely wouldn’t like to earn bad press that highlights your negligence.

The Odds of Mishaps Are High       
The odds of mishaps are much higher than you would imagine. As we have already mentioned when there are large gatherings, the chances of incidents and accidents magnify. You would have little control over how the fans react to the performance on stage or when a few unruly fans get into a brawl leading to injuries to others. Add to it the fact that you would need to arrange electricity and sound equipment which are both expensive to hire and can result in injuries to fans. When musician perform on makeshift stages, you are always seconds away from a mishap. Performance insurance would come to your rescue as this will help you deal with all third-party liability claims resulting out of such incidents. In fact many venues make it compulsory for you to have such insurance protection before letting you organize your event.

Protection Beyond Mishaps           
As an event manager you shouldn’t equate performance insurance with something that merely protects you from mishaps as there are many other risks associated with an event. To start with musicians pulling out of concerts due to illness or failing to arrive at the place of their performance isn’t unheard of. The weather gods may also not be kind to you and the event may need to be cancelled due to bad weather. Though these things are beyond your control, they can result in huge financial losses after you have invested lots of money in organizing an event. These are situations where insuring the event proves to be useful as these shield you against all financial losses that can arise when an event needs to be cancelled.

Before you buy a performance insurance plan, you need to read through the details and make sure it covers all your risks. Some companies offer you optional add-on packages which offer added protection and you should discuss your needs with the company before buying a plan. 

How Can Flute Insurance Help You With Different Scenarios?

Do you play the flute? It is one of the most musical of all instruments that are played by human beings and has mesmerized people for thousands of years. As a professional or an amateur musician there are a number of risks associated with your profession in the modern day. Apart from the financial side of the risks, you will also have to deal with third-party claims in a world where a thin line separates musicians from other professionals. Thankfully there are a number of music insurance companies that offer you plan to deal with these challenges. It is important that you buy a flute insurance plan to shield you against all challenges risks. Here we take at different scenarios where a flute insurance plan would come handy.

Loss of Instruments       
As a musician you always need to be prepared to deal with such kinds of eventualities. There are different scenarios that can lead to loss of instruments. You can lose it when burglars strike your home or when you it is stolen from your vehicle in the car park. Many musicians have lost their instruments during transit where it is stolen or misplaced by people who are handling the equipment. Though you may take precautions to minimize such unfortunate occurrences you also need to stay prepared for the bad days. Flute insurance plans have been designed taking into account all such scenarios that can result in the loss of instrument and you are compensated well to buy a new instrument as per the prevailing prices in the market. If you have a vintage flute, the insurer would offer you compensation based upon the actual market value of the instrument.

Cost of Repair  
Flute being a delicate instrument is vulnerable to damage and repairing a flute especially if it is of vintage category can cost you a lot. A good insurance plan would take care of the entire cost of repair and ensure that you can get it repaired by seasoned repair service provider. Also these companies cover the cost of hiring an instrument for the interim period when your own instrument is being repaired so that you are able to fulfill your prior commitments.

Music Instructor’s Protection    
Not all flutist earn their living by playing live on stage or working in recording studios. In fact there is a huge tribe that runs home schools offering students lessons in playing the flute. While a harmless flute may pose no danger to your students there are other types of mishaps that can cause injuries to your students in your premises. Without insurance there is always the risk that you would need to deal with such as third-party claims surrounding your negligence leading to injuries. A flute insurance plan would take care of these needs.

A flute insurance plan offers you complete peace of mind and helps you deal with unfortunate circumstances. You need to find the right company and choose a plan with add-on coverage based on your needs.