Why Is Insurance Important For Musicians? Complete Guidelines

By Author: micheljordan4
Total Articles: 216
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Musicians are engrossed in their glamorous world. Music is not only a passion for professional music players but also their reason for survival. As they have to travel frequently from one venue to another with their expensive instruments, they may face some unfortunate incidents that cause damage and even loss of their valuable possessions.

Did it ever strike your mind why a professional performing artist needs Musicians Insurance? Listed below are the types of coverage that musicians often require.

Public Liability Insurance - Are you all set for your upcoming gig? You might have invested a lot for the entire setup starting from the venue, stage decorations, banners or promo materials, microphones, monitors, all-electric equipment, and all above your all expensive instruments. It seems to be all great till everything goes according to your plan. However, as no one can forecast what happens in the future, it’s always better to be ready for the worst and take necessary precautions.

Have you ever thought about accidents taking place to any of your guests who trips over some cable wire kept in the auditorium ...
... and ends up in the hospital with a severe injury? In such a scenario, the person could sue you for a claim to succumb to an injury. Or if you have hired someone’s place for your performance, and accidentally you cause damage to the floor owing to mishandling of your equipment, you might face legal consequences and financial loss.

In such cases, Public Liability Insurance plays a significant role. It works as a safeguard that protects you from legal liabilities and financial loss against bodily injury to a third party or damage to any third party’s property. You can claim the legal costs and compensation expenses up to the limit mentioned in your policy.

In modern society, as performing musicians, Public Liability Insurance is a must as authorities and venues may not allow you to perform if you are not insured.

Employers’ Liability Insurance- As an employer, it is your whole and sole responsibility to protect your team members and provide them with ultimate safety. During a performance, any of your employees fall massively while setting up the stage and get an injury or is hurt at the time of lifting heavy equipment. Resultantly the person can lodge a legal complaint against you for the accident caused.

Opting for Employers’ Liability Insurance would be a great relief for you in case of an accident resulting in injury or death to your employees during their employment.

Equipment Insurance – If your musical instrument gets accidentally lost or stolen, Equipment Insurance acts as a backbone to save yourself from unbearable loss. If any piece of equipment is stolen from backstage on the day of the performance, with the help of musician insurance coverage, you can claim for the loss if you have an equipment policy.

Professional Indemnity Insurance – By profession, if you teach music, you need to opt for Professional Indemnity Insurance to get yourself secure. If your student fails a music exam, he can sue you by blaming your inadequate teaching technique. In this scenario, to defend against these allegations, Professional Indemnity Insurance works as a weapon to protect you and pay necessary legal fees and compensation.

Property Liability Insurance – As a professional musician, your vocation might demand you to travel places. It is imperative that you would carry your expensive instruments with you. In case of any kind of damage due to theft, breakage, or fire, Property Liability Insurance will help you to recover your loss in terms of repairing or replacing it.

Product Liability Insurance – If your sold musical gear causes harm to someone, product liability insurance will cover the cost of any resulting legal and financial liabilities.

Last but not least – For a professional singer or a music composer, it is always advisable to opt for Musicians Insurance to safeguard any risk of disruption to your professional career.