Music Studio Insurance - The Responsibility Of Every Musician

By Author: Dan Schoenfeld
Total Articles: 260
Comment this article

A recording studio is that one place that has seen a musician’s dreams coming true, his/her success and failure, and the story of becoming a star and people’s favorite. A recording studio can be as small as a room in an apartment where local folks live their dreams or as colossal as a top-notch gig space that has witnessed some of the greatest stars. No matter what, a music studio holds a very precious space in a musician’s life.

Do you have sufficient music studio cover?

Do you own a music recording studio? Have you got it insured? Well, a majority of musicians focus only on the creative aspects of being a part of the music industry. However, they should also consider the other factors that are intricately related to this job and cannot be avoided. Yes, the legal and financial aspects of owning a recording studio. Get a Music Studio Insurance and take a sigh of relief from all the odds that might cross your way.

Whether you are a small home studio or a big one, getting personalized insurance coverage for your ...
... gid space can make a lot of difference.

Let’s have a quick look at the following tips for ensuring your music studio -

Get a general liability cover

There are several scenarios when you’re held responsible for someone else’s property damage or bodily injuries if he or she happens to be present at your studio while the accident occurred. It can be a simple slip and fall accident or an instance of defective electrical wiring. Having a recording studio cover will help you protect your finances if stuck in such a situation.

Workers’ compensation is crucial

If you are operating a business, no matter from your home or any other place, you need to have Workers’ Compensation insurance. See, accidents can happen anywhere, anytime. If any of your studio members, teachers, sound engineers, or other employees get injured in the studio premises, you’re liable to pay for his/her medical bills because those injuries would be counted as on-the-job accidents. Having Workers’ Compensation insurance cover will pay for their medical costs on your behalf.

Ensure your music studio with a Music Studio Insurance

Always remember, property damages caused by the elements of nature, fire, faulty plumbing, defective electrical wiring, vandalism, etc. can lead to discontinuation of your business operation. If you have a home studio, then probably, your homeowner’s insurance will cover it with certain caps. However, if your recording studio is separate property, you need a standalone studio cover. Most importantly, your homeowners' cover is likely to provide you with partial cover. So, it's better to get a personalized and dedicated cover for your recording studio.

A bit more about insurance for music recording studios

Unfortunately, if you happen to find out that some of your employees are dishonest and have stolen a considerable amount of funds, or have damaged expensive musical instruments, there is nothing you could do other than firing them if you don’t have a studio insurance. However, you are completely safe, financially and emotionally, if you are covered under a suitable insurance plan.

How can you ensure your music studio?

If you search the web, you will find many insurance providers operating in your state that specialize in recording studio insurance. Find some reliable leads, compare their policy inclusions, exclusions, eligibility, and other relevant details, and choose the one you find a suitable option for your recording space. Yes, it’s that easy. All you need to find is a licensed, reputable, and certified service provider for quality, on-time, and transparent services.