The recording studio is the heart of the music industry, providing a platform for artists to showcase their talents, and capture their hard work for future generations to enjoy. Whether producing a single, mastering an album, or just providing a space for artists to hone their skills, your recording studio is not only a valuable resource but a vital asset as well.
Between the studio itself, your vast equipment, and even the artists, your recording studio poses many potential liabilities and risks you need to prepare for. At Clarion Associates, we can tailor and customize an insurance plan to fit your specific situation and needs. Consider the following comprehensive coverage options when crafting a policy with your Clarion advisor.
Part of the core coverage for your recording studio should include general liability insurance, as it provides an array of benefits to make sure you’re protected from many potential risks. General liability insurance includes product liability and completed operations coverage amongst others. Product liability is there to protect you against damage to any instruments, recording equipment, and musical products you may sell, such as losses incurred through quality-control issues. Your premises liability covers any accidents that may occur within your studio, including personal injury and equipment damage. ‘Completed operations’ covers you against any potential legal accusations that may arise following the successful completion of services.
Unforeseen accidents happen in life, and when they do, your property insurance is there to make sure you’re properly protected. Leaks, damage, and natural disasters such as a fire or flood can all leave severe damage to your studio equipment and instruments. Property coverage is not only there to help you pay for any potential repairs, but to help cover the cost of replacing any damaged instruments or studio equipment as well.
Whether they’re subject to theft, property destruction, or even dishonest employee action, the expensive instruments, and equipment in your studio face several potential risks. Crime insurance coverage options help you mitigate those risks and more by helping protect your gear from the unexpected. Coverage includes protection against a variety of crimes, such as theft and vandalism, ensuring that you are both legally and financially protected should the unexpected occur.
In a recording studio, your equipment is one of the greatest assets that you have, because it’s vital to your business. Instruments, microphones, mixing consoles, and more can break down, potentially causing you to lose income until you’re able to repair or replace them. Equipment breakdown coverage is there to help you pay for needed repairs or replacements, allowing you to get back to work sooner so you can focus on your art.
As a third-generation family-owned musical instrument insurance agency, we’re here for you in ways large insurance corporations simply can’t be. We pride ourselves on our quality coverage and exceptional service, which we have been proudly providing for over 50 years. We’re an industry leader in musical instrument insurance, focusing on the needs of musicians and the music industry for over half a century.
Life happens, and when it does, Clarion Associates is here for you. We offer comprehensive coverage at competitive rates that can be customized to fit your specific needs. Reach out to a trusted advisor today, to ensure that your asset is insured and protected with coverage from Clarion Associates.