Top Five Reasons for Setting up a Recording Studio at your Home

There is no recording studios, where you stay – So, whenever you want to rehearse or make a recording you have to travel (sometimes long distance) and this becomes extremely tiresome!

In fact, it is not even feasible to pack your stuff every now and then, assemble all your band members and then travel to the studio.

Are you facing the same problem? Not to worry! You can solve this problem – All you have to do is to set up a music studio right in the comfort of your home.

Setting up a home studio nowadays is no big deal!

With quick and easy access to musical instruments as well as the recording gear and equipment, it has become simple to get a full-fledged home studio within your budget.

So, why is it so important to have a music studio at home? Apart from making your life easier; it has its own set of advantages:

Incredibly Convenient

Constantly having to pack your music gear and travel to the destination will not only consume your time and energy, but also takes a toll on your overall creativity.

This inconvenience can be dealt with. Just set up a music studio in your home. First, it will be within your “reach” so, you can simply rehearse, record and create compositions at your own convenience; i.e., whenever, you want!

A Pocket friendly Option

When you use other studios, you have to pay a handsome amount as rent. And at times, the charges are on per hour basis. In short, the more time you spent; the more you have to pay.

However, with a home studio, you simply break even if the clock ticks faster! Since, you do not have to pay a single dime to use the studio at your home; you can spend as much time as you want.

Immense Flexibility

With a studio in your home; the most important thing that you get is immense flexibility! There is no need to take prior appointments or schedule the rehearsal as per the time and date allotted by the studio owners. You can begin whenever you’d like.

Excellent Quality

The favorable factors of a very relaxed familiar and cozy ambience of the home studio do bring out the best. Since, there is no rush, no pressure, no time or financial crunches; you can take your talent to the next level. 

Enhances the Skills

As there will be more flexibility and more time, you can listen to your recording, find the errors and make an effort to rectify the same. In other words, it gives you an opportunity to learn from your mistakes and hone your skills.

Having Concert Insurance is Actually a Clever Move!

We cannot determine what fate has in store for us!

And so, even those who have years of hands-on experience, develop a cold-feet, when they have to organize something on a large scale; something bigger like a Concert.

To deal with the extreme pressure and to insure themselves (and their company) from going bankrupt; some of the big-wigs in the event management sector nowadays, opt for concert insurance.

There is lot of money and reputation on stake when you organize anything on a huge scale – Cancellations, Postponement or worst any person or property damage caused during the event can destroy everything you have – your money, your company and most importantly your goodwill in the market

Many people are usually never so keen on opting for any insurance plan – Reasons can be many; including lack of exclusive and inclusive plans. But, since there is quite a surge in the demand for such plans; some insurance firms have come up with Event liability insurance or policies for concerts which are out-and-out comprehensive – covering almost everything!

So, even if the rain or hailstorms or any natural force ruins the concert, you still will not be at the receiving end! – Through the insurance, you get adequate financial support, with which you can pay for the loss of property and ticket refund amounts.

In short, all your financial resources will not be eaten away – You will have a substantial backing, helping you to recover rapidly. Accidents are prone to happen in a concert – Hordes of over-enthusiastic fans sometimes lead to a stampede or sometimes, the stage falls off leading to grave bodily damage to the member in the audience or the artists performing on the stage.

In such situation, concert insurance becomes your savior – It will help (financial) you to pay for the compensations or for medical bills of any injured audience member. In short, it saves your face by paying up your liabilities and bailing you and your company out from any financial disaster.

Moreover, when you are preparing for the big day; you have to take care of a number of things – Stage, decorations, the safety and well-being of the performer and audience, etc. And so, when the show is cancelled or postpone, one can face extreme financial crunches. You still have to pay all the bills to the decorators, sound artists, light artists, the performers, and even to the audience. And this results into tremendous loss.

Contractual disputes can be a spoiler – Any artist or performer may cancel the show at last moment; citing any kind of contractual issues. You may come at the receiving end, with an enormous bill and payments.

However, with a wide series of customized insurance plans in the market you can still be saved – It again covers you – Helps to you overcome the monetary loss that you might face in the wake of cancellation or postponement, even when it is related to legal issues between the organizer and performer.

Do a Background Check of the Company before you buy General Liability Insurance!

General Liability Insurance is worth it only when it is purchased from a reliable company!

The business world is full of uncertainties. You never know what will happen the next minute. Chances of fate taking an ugly turn and you ending up with a mountain of liabilities are always high. 

And amidst all these fears and apprehensions, insurance policies seem like a breeze of fresh air.  It eases down the financial liabilities and helps you and your business to recover rapidly.

Since  insurance policies provide you with a robust protective cover, it becomes all the more crucial to do a thorough research about the company, before purchasing the policy to avoid getting “trapped” with a wrong insurance plan.

You need to look into a number of aspects like:

Stronger financial credibility
With a boom in the insurance sector many companies have plunged into this area.  So, there are a huge number of insurance firms – This scene makes it all the more important to do a thorough background check and know more about their financial stability.

You may find some policies very interesting and useful, but it is always recommended to get safe on the financial front. If nothing else, better to make sure that the insurance is monetary sound enough to settle your claims. Choose a company which has a long experience of working in the field and has gained immense credibility in the market.

Extent of the Policy
With the business getting more global and competition getting harder; it is very important to determine how well you are “covered”? Be sure that the policy you are offered is comprehensive, well-customized and covers you or your business in the most effective manner.

In short, your selection should be based on one's needs and wants. Usually a majority of top companies offer a broad range of policies with inclusive features. This is just a matter of being more specific about the plan and relevant terms and conditions to ensure that you get what you want. 

Customer-Friendly
Like a hard-core professional, many insurance companies hardly take care of you once the policy is sold. Well, not all do this – So, ascertain that you select a company which offers unhindered and long-term customer service.

In short, go for a company that has a strong of team of customer-care executives, who have considerable knowledge about the insurance sector and who can patiently listen to and help the customer with filing claims, renewing policies and even policy cancellation.

Long-standing Goodwill in the market

Goodwill is very important – While you will be researching the market, you may come across many companies, making all kind of attractive and tall promises. But, it is better to find out more about the previous records.  Make sure the financial records of the company are clean and that there are no serious accusations made.  Also be sure the company bears a history of providing maximum services for the clients and keeping up the business ethics.

Event Liability Insurance – A Protective Gear for Event Planners!

Accidents are beyond any human control!

Apparently they result in a terrible financial (as well as reputational) setback for your organization. In fact, you can land up in some really serious financial trouble with any unexpected turn of events. And it is in this grim situation that Event Liability Insurance makes you realize its significance!

It provides a strong monetary support system that eventually lessens your (financial and legal) liabilities. It is very much true that success of any event (or a large scale event) primarily is the result of skills and hard work of the planner. However you also need strong and wide ranging Event insurance; since it protects you (and your organization) from the any problems like accidents, cancellation, and postponement or lawsuits.

In case of property damage or even grave bodily injuries (to any third party); your total expenditure can touch the sky! Therefore, event insurance has become a prerequisite which safeguards your organization’s larger interests.

From providing backing , dealing with lawsuits to settling down the compensation claims – Event liability insurance offers you a complete deal.

It is usually observed that lawsuits consume not only precious time, but even eats up lots of money in the process. Though, you have taken great care; accidents are bound to occur – someone might get injured or the property can be damaged, eventually leading to legal suits.

And this can simply cripple any successful business – Just like Insurance of general liability; event coverage provides a shield to your business during hard times. It helps you monetarily – hence you can easily deal with the excess expenditure coming in the form of high attorney fees or compensation settlements.

Moreover, like any other liability insurance policy; even event coverage promises overall protection to different people involved in the event organization; whether it is you; the main planner or the caterers, musicians, decorator etc. Thus, it takes care of the larger interests of every person who is there directly or indirectly.

When an event is cancelled or postponed owing to any inevitable situation; it becomes the biggest liability for the organizers.From refunding the tickets, making the payments to the people involved in planning the event. This will leave behind a trail of unexpected and unwanted financial expenditures, eventually giving a major blow to your financial health.

The amount that goes into paying down all the refunds and payments is taken care of by the event liability insurance.

General Liability Insurance: A Life-Saver for Small-Scale Business!

General liability Insurance is for not for small players; it is only for Big Players!” – “Only large corporations require such policies” – “I own a small business, so I have nothing to risk; why take out insurance coverage?”

Do you present the same arguments when someone suggests you to get your (small scale) business insured? – If the answer is yes, then it is high time to change your stance!

From day one since the whole concept of insurance came into existence it is widely believed that insurance is for risk-takers.

It is believed that such insurance plans are for someone who earns millions and has so much that a single instance of loss becomes irreplaceable – This isn’t true anymore!

No matter whether you head a million dollar company or a small scale household business – you are always at “risk” of getting into a financial or legal mess. With the lawsuits becoming a commonplace thing, any business owner can be faced with loss due to property or personal damage and can even be slapped with legal notices or compensation claims.

Once into the legal tangles, you may have to part way with your hard earned money in one way or another. And this becomes the last blow on your still-infant, small scale business; it is only with a strong monetary reservoir that you can turn things into your favor.

General Liability Insurance certainly acts as a protective padding; it mitigates the harmful effects of financial setbacks. You ask “how?” – Alright let’s take up an imaginary situation: You own a small manufacturing firm – Faulty machinery causes fire in the factory; and everything reduces to ashes – Though no one suffers any injuries – you still have to bear immense financial loss due to damaged property.

In the wake of such a grim situation; insurance provides a strong monetary back-up. In fact, you get a good amount with which you can again set up your business.

Apart from covering you from “property damage”; it even covers (financially) you, even if you are slapped with a legal notice or have to pay heavy compensation claims. There are many chances that due to your service or product, you may unintentionally cause grave personal harm.

Let us see another example – Somewhat similar to the above narrated situation: There is a fire in your factory – and it causes severe and fatal bodily injuries to the people working – You have to either pay for their medical expenses or in the worst case even pay a hefty amount as compensation.

These “liabilities” are covered by a general insurance plan, which helps you to quickly recover monetarily and hence the impact would be much less than expected. Your limited funds will not be directed in paying for damaged, lost or stolen property, neither will it be wasted away in settling the compensation claims.

Studio Coverage - Do I really need it?

For a professional musician, having a fully-equipped and modernized studio is perhaps a great achievement! Tess was on cloud nine when she got an opportunity to set up her own music studio – She has put all her savings and energy. But then one day, she woke up to the find her studio in flames. It was extremely devastating – It ruined her mental and financial health. This would probably be averted if she had got herself an insurance policy that provides complete Studio Coverage.

Yes! Tessy’s problem would be mitigated a little or at least she would have dealt with the immense financial loss had she had taken out an insurance policy.

Just like Tess, there are a huge number of musicians for whom musician insurance is not very important. In fact, as far as insurance policies are concerned, most of them either “under-estimate” such policies or they are (over) confident that nothing bad would happen. For them the question always pops up – Do I really need insurance?

Well, insurance coverage is not only for those people who risk their lives, but for anyone who just doesn’t want to end up in an economic mess.

Therefore, it is always wise to have Musicians coverage – It acts like padding – It lessens the ill-effects of the accidents that cause immense damage to the studio and the property within.

Financial recovery becomes the biggest concern like In the case of Tess, whose studio ended up in ashes. She had put all their savings in buying the place, the instrument and all modern amplifiers, equalizers and what not! For once, she would think to start afresh, but then what about the capital.

An insurance policy provides “financial assistance”. Here, she can easily start afresh with the “monetary help” from her insurance company. The policies provide a protective cover, which bears all your monetary liabilities in wake of any unfortunate incidents. As with Tess, she would got at least some part of the initial capital back, if she would have taken out a Studio coverage policy on time.

The bottom line of narrating this incident is just that it is always better to be prepared then being sorry! Being an optimist is one thing and being careless is other. Getting yourself insured will not just help you to come out of the whole financial mess, but even makes it possible to again build up the entire thing.

Lest you believe that Studio Coverage is not only for the “Studio Building”; it covers everything! Right from the structure to the musical instruments, expensive gadgets for sound mixing and other property, you need not have to worry. The insurance plans are just as necessary as anything to ensure that you are at minimum risk of losing everything.

Orchestra Insurance Provides a “Cushion” Effect for Any Accident!

Creating an Orchestra is indeed a great feat! – An ensemble of different artists, from varying backgrounds and talents is no child’s play.

God forbid if anything goes wrong during a performance or with the instruments or even with any of the members – all your efforts goes in vain.

It is precisely here that an inclusive and exclusive Orchestra Insurance plan comes like a relief – almost like a breath of fresh air! Since, it is not a simple act to preside over or organize an orchestra performance – One has to take care of safety of a large number of musicians, along with their instruments. If the stage collapses or the lights fall over; it can very well ruin your entire show.

The claims for injuries or loss of property can have a very negative impact on your treasury – You may have to part with a very huge chunk of your finances to pay the compensation for any damage. And therefore, it is always wise to get Musicians Coverage, which provides basic protection for a group of musicians working in an orchestra.

In case of any accidents or bodily harm caused to them, there will be immediate help from the insurance firm. In fact, most of the plans are so wide-ranging that even when you are not performing on your soil, you have your protective cover all the time.

Moreover, moving from one place to other; there is a good chance of the musical instruments getting damaged or misplaced. And in such a scenario, you and the orchestra can be in a big trouble.

But when you are insured there is nothing to worry about! Getting your orchestra insured, therefore, becomes a crucial thing, since such insurance plans will provide you with very strong protection, wherein they can get an easy and quick replacement instrument or even get a considerable amount to repay the losses.

In fact, to survive in the extreme competition; many insurance firms offer more exclusive assistance. Most of these companies offer a helping hand in any corner of the world. Thus, Orchestra Insurance will mitigate your chances of getting into huge debts. The insurance thing does sound interesting – But then the premiums would sometimes pull you back from taking it. Well, since, there are many companies providing musicians coverage plans, the level of competition have gone up. And therefore, you might find a very good firm offering an exceptionally suitable plan within your budget.

In fact, most of the plans have a provision of a premium as low as $75 a year! In short, you can find yourself completely at ease and relaxed, even when you have to go on a tour with your Orchestra.