What other types of insurance should musicians consider?
Musician insurance is a broad term referring to different insurance products, helping to protect various aspects of your musical career. As such, it can include a range of options.
If you employ anyone in the UK who isn’t a direct family member, then you are legally required to have employers’ liability insurance. It can help to cover the legal and compensation costs should an employee get injured, or ill, as a result of working for you.
In the music industry, it can be difficult to legally define an ‘employee’, so it’s worth clarifying with your insurance provider if your particular situation would be covered. As a rough guide though, you are probably not a direct employer if the person you’re working with is an independent contractor who doesn’t work exclusively for you and supplies the majority of their own equipment.
It goes without saying that your instruments and equipment are essential to your music career. Business equipment insurance – sometimes known as music equipment insurance by specialist providers – can protect your instruments and tech against theft, loss and accidental damage. This product could help to cover the replacement costs.
Injured on or off stage? Personal accident insurance can provide monetary support should you become injured and unable to perform or work as a result. It could also provide compensation for your beneficiaries in the event of your death.
Legal expenses cover can provide cover should you get involved with a legal claim. For example, if your taxes are investigated, legal expense insurance could help to cover any associated costs.