Anyone in the music industry knows how expensive the music production process is. Throughout the recruitment, recording, manufacturing, and distribution process, there is a lot of room for uncertainty and unexpected events. From the recording studio to the sound equipment to the instruments used, even a small damage can result in huge financial losses and costly replacements.
Insurance for the music production business can be tricky. It can be hard to pinpoint exactly if your insurance covers your business assets, services offered, liability associated with having data of others and how much coverage is needed.
That’s why we have music production business insurance. Whether you have a home or commercial studio, find custom music production business insurance that fits your business.
Why is Music Production Business Insurance Important?
Your studio, equipment, and finances are the showrunners of your music production business. Protecting them from some of the following risks should be at the top of your priority list.
- A fire, theft, or another uncontrollable event that causes property damage and financial losses to your studio or equipment.
- Your sound equipment gets damaged in transportation.
- You have home equipment or a home studio that is also used for professional purposes but isn’t protected under your current home insurance policy.
- A client or visitor visits your studio and is accidentally injured, or their property is damaged.
With music production business insurance from ALIGNED, your valuables are protected in the event of something unexpected or uncontrollable.
What Does Music Production Business Insurance Include?
Commercial General Liability Insurance – Also known as CGL insurance, commercial general liability insurance covers bodily injury and property damage that clients suffer from the services and operations of your music production business or while on your premises.
Commercial Property Insurance – It ensures that the replacement and repair costs of your property and equipment are covered. You can also purchase business interruption insurance for extra coverage and compensation if your business is temporarily forced to close.
Umbrella Liability Insurance – It provides additional coverage that exceeds the protection limits of your primary policy. It also protects your music production business against certain claims that are not covered by your primary policy.
Commercial Auto Insurance – This is mandatory for all commercial vehicles in Canada. In a collision or car accident, commercial auto insurance provides coverage for medical, property damage, loss of income, disability benefits, etc.
Tune Your Music Production Business with the Right Insurance Policy
ALIGNED works with Canada’s top insurance companies to provide custom, affordable insurance packages. Contact an ALIGNED commercial insurance specialist for a free quote, or use our free online tool today.
We’re here to help you find the BEST commercial insurance…
Our team of insurance brokers is available to help answer any and all questions you might have about all of our commercial insurance products. If you have a question about business insurance, are uncertain about what a particular insurance coverage term means, or simply want to find commercial insurance that directly aligns with your needs, don’t hesitate to call us toll-free at 1-866-287-0448.
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