According to a recent study, there are 80,000+ music professionals in the US, and this number is rising.
The figure illustrates a need for protection and insurance when it comes to one’s major assets. These assets include musical equipment and other related pieces associated with monetary gain. Without an appropriate insurance plan, it can lead to significant losses in the long-term for music professionals.
Here is a look at the viability of coverage for one’s musical assets and the benefits such protection offers in the long-run.
What Is Insurance Coverage for Music
Let’s start with insurance coverage for music professionals and what it entails.
The premise of Insurance for music professionals is to protect key assets related to the profession. This can include specific musical gear, instruments, and other related assets. These assets have a large part to play in one’s livelihood and therefore should be protected at all costs.
The insurance coverage provider helps pinpoint how these assets are to be protected and the features one can sign on for moving forward. If this protection isn’t put into place, it can lead to significant concerns about how long the gear/instruments will last.
It’s important to note each provider has different packages and full customization is offered to meet a client’s needs.
Benefits of Coverage
- Peace of Mind The primary benefit is knowing all gear and instruments are protected 24/7. This eliminates the need for cautionary measures that are disruptive or inefficient.Clients can sleep at night knowing the plan will take care of their instruments. Whether it’s flooding that does damage or any other untoward accident, the insurance coverage will take care of it and ensure the assets are kept safe.
- Comprehensive Protection for All Losses Music professionals are spending thousands of dollars on musical equipment, and larger studios move into the millions with their investment. It’s important to have comprehensive protection for these assets before they’re wasted or damaged.Take the time to speak to an insurance professional to see what the options are for your needs.A full-fledged plan can be drawn up in minutes based on the type and number of instruments or gear being protected. Clients are welcome to customize the plan based on their expectations and budget.
- Simple To Set Up It’s designed to ensure all assets are protected effective immediately and does a good job of it. Begin the process a soon as possible to ensure these assets don’t go to waste.
It’s designed to ensure all assets are protected effective immediately and does a good job of it. Begin the process a soon as possible to ensure these assets don’t go to waste.
For more information on insurance music professionals can acquire and the value it brings, please take the time to speak to an insurance representative. This will help answer all questions and/or concerns and build on the protection needed moving forward.