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.