Types of insurance policies
Liability insurance for musicians is a collection of covers designed to protect musicians who earn money by performing or teaching, in some instances.
This type of insurance aims to financially protect the musician from the most common losses and claims associated with their line of work, including damage, loss, or theft of their instruments and equipment. Claims made against them by venues and members of the public for personal injury or property damage are also covered.
- Public liability insurance for musicians – this covers the financial and legal costs of a claim brought against you for injury or damage to property, such as a venue claiming for damage during a gig, or an audience member claiming for an injury as a result of a trip or fall.
- Employer's liability cover – a legal requirement (a minimum of £5million) if you employ members of staff such as roadies, sound engineers, or session musicians.
- Household cover – if you teach music at home, you may need specialist insurance, as standard home cover may not provide adequate protection if you run a business from your property.
- Professional indemnity – If a client refuses to pay or makes a claim against you because they are unhappy with your work, this cover can help to stop the financial burden of defending your reputation in court.
- Personal accident cover - If you hurt yourself and are unable to perform, this cover can offer a reassuring safety net.
- Travel insurance – If you're venturing abroad, travel insurance helps protect against losses that may not be covered by standard music equipment insurance.
- Vehicle insurance – If you use your vehicle to travel to gigs or during your work as a musician, you will need to upgrade your vehicle insurance to include business use.
What musical instruments are covered?
From a priceless Stradivarius violin to a Les Paul guitar, each instrument is special. However, in the real world, the monetary value of the item must be taken into account so that it can be insured for the correct amount. If the instrument is lost, stolen, or damaged, how much would it cost to replace? Your broker can help clarify what instruments your musical instrument insurance covers.
FAQs
Do all musicians need insurance?
If music is your business, you need insurance. Every SME, regardless of its sector, needs protection against the unexpected. If you're a professional musician or you earn a living from music as a teacher, you need insurance.
What's the most critical insurance?
Public liability insurance for musicians is one of the most crucial policies you can have. It protects you financially if a person or business makes a claim against you for injury or damage to property.
Do musicians on tour need special insurance?
If you’re lucky enough to be touring, especially abroad, you may need a more comprehensive musician insurance policy. Please get in touch with one of our team members for more information.
Park Insurance – hitting the right note for musicians
For over 30 years, Park Insurance has been the insurance broker of choice for thousands of individuals and small businesses in the entertainment sector. As preferred brokers, we can search for the best deals on insurance. Talk to one of our team today for more information, or use our Get A Quote online feature for an instant, no-obligation quote.