Picture the Possibilities: Business Insurance for Recording Studios
Imagine you’re holding a recording session for an important client. You’re on the homestretch to completing the recording. Everything is running smoothly. Now visualize all of your equipment popping, fizzling, and sending a smoky stench throughout your studio. Upon investigation you find a pool of water beneath your digital mixer. Fortunately no one is injured. But then you wonder, “Am I fully covered?” It’s vital you communicate with your recording studio insurance provider and know your coverages. You may think you have the best, most comprehensive business insurance for recording studios, but that might not be the case. Chances are the standing water was caused by a broken water pipe which is likely covered in your business policy, but if the water appeared because of a spilled glass of water it might not be.
Amp up Your Coverage
You want to be sure you have sufficient coverage in the property portion of your recording studio insurance plan. From microphones to monitors, cables and instruments, you have a lot of equipment at risk if disaster strikes. Be sure to include all of your equipment in your policy and inform your recording studio insurance broker after purchasing new gear. Take pictures of these items and store them in a safe location, this way you can avoid any confusion if you need to file a claim on your equipment.
A Bonus Buffer
Business insurance for recording studios generally insures your property and its belongings, others’ property and injury to others. But what you might not realize is that this valuable coverage can help in times in which your studio is inoperable due to property damage. For instance, if that leak was caused by broken pipes your recording studio insurance would not only help pay to repair or replace your equipment and property but it would cover your loss of income until your studio is operational.
Complete Protection: Business Insurance for Recording Studios
A business owner’s policy does not include insurances such as workers compensation, commercial auto coverage, bailee insurance, errors and omissions coverage, or flood insurance. However, these are valuable coverages and it would do you good to inquire about and include these insurances on your business insurance for recording studios. Most recording studio insurance companies will offer discounts to those who supplement their policies. Your premium will be lower if you opt for a higher deductible. Shop around to compare rates and coverages from different recording studio insurance providers to ensure your getting the best price and insurance protection. NetQuote can locate these insurers quickly and easily if you provide us with a little information about your business insurance needs. Just hop online, visit NetQuote.com, fill out one form and we’ll send you several recording studio insurance quotes from competing companies for free!
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