Musician Insurance Massachusetts Policy Information
Musician Insurance Massachusetts. Musicians may play musical instruments, compose music, or sing - but at the core of this extremely varied profession lies a devotion to music, and very often, a dream come true as the musician has managed to transform their passion into their career.
Professional musicians perform individually or in a group, such as a band or symphony orchestra. They may limit performances to local venues or tour regionally, nationally, or internationally.
They may be represented by an agent or management firm which handles all arrangements for performances or may contract with a record label that handles distribution of their recorded music.
Other MA musicians operate independently, including bookings, production, and distribution of recorded music.
Regardless of where a musician's music can be enjoyed and what kind of music they make, musicians will spend much of their time rehearsing and experimenting, and perhaps recording, auditioning, or performing.
Although there is no question that musicians have the good fortune of being engaged in an unconventional profession, the fact remains that they face some of the very same hazards as any other commercial venture.
For that reason, musicians, too, need to take steps to protect their financial health in the event that they are confronted by major perils. Investing in a comprehensive insurance plan is, therefore, essential for musicians.
What kinds of musician insurance Massachusetts coverage might they require? Keep reading to discover more.
Musician insurance Massachusetts protects musical performers from lawsuits with rates as low as $37/mo. Get a fast quote and your certificate of insurance now.
Why Do Massachusetts Musicians Need Insurance?
Music may be an essential expression of human nature, but it is also business. Like any other business, musicians can be confronted with a broad range of perils that could pose a massive risk to their financial future.
Musicians face some of the same risks any other business owner would, but they also have to consider hazards unique to their line of work.
Musicians who have commercial premises or recording studios could, for example, be impacted by acts of nature such as wildfires or earthquakes. Vandalism and theft are both real threats, too, alongside accidents such as fires.
In addition, if you run a website, the threat of hacking and cyber theft are never far from the horizon.
As a MA musician, you will also, meanwhile, face some industry-specific risks. Musical instruments or computers that are essential in allowing you to carry out your work could be damaged, requiring urgent repair or replacement.
Musicians could accidentally cause property damage as they perform at various venues, or they could face costly intellectual property claims in which a third party alleges that a musician violated copyright - lawsuits that can be accompanied by exorbitant costs even if they later prove to be completely baseless.
To protect yourself against these and other perils, it is vital to invest in the musician insurance Massachusetts that will allow their business to continue thriving even in the face of a temporary setback.
What Type Of Insurance Do MA Musicians Need?
Insurance for musicians is far from one-size-fits-all - after all, some musicians will spend most of their time recording at home and making their creative work available electronically, while others conduct orchestras or perform in bars or at weddings and other events.
Your insurance needs will depend on your unique circumstances, and therefore, consulting a commercial insurance broker who will craft an insurance plan designed just for you is essential.
With the fact that not all musical performers will require the same types of coverage in mind, the following forms of musician insurance Massachusetts should be on your radar:
- Commercial Property: This form of insurance is designed to protect business owners from financial losses associated with property damage or loss that results from perils like theft, vandalism, or acts of nature. Some musicians will not have their own commercial premises, but be aware that these policies cover smaller assets, too - including, in most cases, your musical instruments and computers.
- General liability: To protect yourself from lawsuits in which third parties allege that you caused them to be injured or you damaged their property, it is vital to carry commercial general liability insurance. It covers attorney fees as well as other legal costs, including settlement expenses.
- Professional Liability: Also often called errors and omissions insurance, this kind of musician insurance Massachusetts coverage protects your financial health in case of claims that you did not provide a service previously agreed on, or you did so negligently. You may rely on this form of insurance if a customer was not satisfied with your performance.
- Intellectual Property Liability: As these policies serve the purpose of defending businesses in case of copyright infringement and related claims, they are essential to musicians.
Performers in this industry may also require additional forms of musician insurance Massachusetts - you may require commercial auto insurance if you use a vehicle professionally, for instance, or cyber security coverage if your website plays a major role in your business plan.
To make sure you have all your bases covered, speak with a commercial insurance broker.
MA Musician's Risks & Exposures
Premises liability exposure is minor on-premises due to lack of public access to the musician's home. If there is a recording studio, it must be well lighted with floor covering in good condition. Electrical cords from instruments or sound equipment can present a tripping hazard.
Exits must be sufficient in number, be well marked, and have backup lighting in case of power failure. Parking areas and sidewalks need to be in good repair with snow and ice removed, and generally level and free of exposure to slips and falls.
Off-premises exposures can be extensive. Contractual arrangements should specify the responsibilities of the musician and the performance venue.
Internet and media liability exposures can arise from websites that include sales activities and opportunities for downloading recorded music. Personal injury exposures can consist of allegations of copyright infringement.
Workers compensation exposures may be non-existent because musicians generally do not have employees. When employees are hired, exposures include office work and travel. Lifting of heavy instruments and sound equipment can result in back sprains and strains or hernias.
Electric shock injuries can result from electrical power surges, arcing, or fraying cords. Slips and falls can occur from tripping over power cords. Musicians may fall from raised stages or be assaulted by audience members.
Occupational hazards include repetitive motion injuries and permanent hearing impairment from ongoing high decibel levels. Drivers may be injured in automobile accidents.
Property exposures are generally limited, as most musicians operate out of their homes and have limited amounts of business property. If the musician has a recording studio, ignition sources include electrical wiring, heating, and air conditioning systems. All wiring should be up to date, well maintained, and meet codes for the occupancy.
As newer equipment is added, wiring should be upgraded as needed. Acoustical tiles and other sound-deadening materials and equipment should be made of fire-retardant materials. Electronic equipment and musical instruments are susceptible to damage by fire, smoke, and water. Musical instruments, amplifiers, and recording equipment may be high in value and targeted by thieves.
Inland marine exposures are primarily from the musical instruments and the sound system, which may be expensive and difficult to replace. These are often fragile and can be damaged by fire, smoke, water, theft, collision, and overturn.
The musical instruments and equipment are covered under a commercial articles floater. If there are stage backgrounds and other items needed for shows, these should be covered under a theatrical property floater.
Musical groups may need accounts receivable if credit is offered, computers for tracking inventory, or valuable papers and records coverages for contacts and recordings. Duplicates should be made and kept in an off-site backup facility for easy reproduction following a loss.
Crime exposures due to the theft of money and securities can be extensive if recordings or other types of merchandise are sold during performances. There may be employee dishonesty exposures if the musician has employees who sell products, accept payment, or pay for expenses on behalf of the musician. Background checks should be performed on all employees handling money.
Business auto exposure may be non-existent. Personal lines auto coverage may be sufficient if the musician uses private passenger vehicles for local performances. When travel is extensive, such as when a musician goes on tour, commercial auto coverage should be considered. Drivers must have appropriate licenses and acceptable MVRs. Vehicles must be maintained and records kept in a central location.
Musician Insurance Massachusetts - The Bottom Line
To protect your business, employees and customers and fans, having the right musician insurance Massachusetts coverage is vital. To see what types of business insurance options are available to you, how much coverage you should invest in and the cost - speak to a reputable commercial insurance agent.
Massachusetts Economic Data, Regulations And Limits On Commercial Insurance
If you are thinking about starting a business in the Massachusetts, it's important that you have an understanding of the economic trends and commercial insurance requirements in the state before you set up shop.
Economic trends are important, as they indicate whether or not the area offers a strong economy that will be able to support your business. You also need to know what type of commercial insurance you'll need to carry so that you can plan accordingly and ensure that you are complaint with the law.
To help you determine if the Bay State is the right location for the business you are thinking about opening, below, you'll find an overview of MA's current economic trends, as well as the types of insurance policies you'll need to carry.
Economic Trends For Business Owners In Massachusetts
Unemployment rate is a good indicator of a state's economy. The lower the rate, the more job opportunities there are, which is direct reflection of the health of businesses.
As per the Bureau of Labor Statistics, the unemployment rate in Massachusetts was 2.8% in December, 2019. That's 0.7% lower than the national average, which was 3.5% in December, 2019. This indicates that the state offers a strong workforce and that there are enough jobs to support the residents of the state.
While regions throughout the area are seeing business growth, there are certain areas in particular that are seeing more growth than others. This includes large metropolitan areas and the regions that surround them, including:
- New Bedford
Several industries are doing very well in the state of Massachusetts; however, there are particular sectors that are seeing more growth than others and are truly thriving in this part of the country. These industries include:
- Advanced manufacturing
- Commercial fishing
- Financial services
- Hospitality tourism
- Information technology
- Medicine and life sciences
If you are thinking about starting a business in any of these industries, chances are good that you will find the success you are looking for in the state of Massachusetts.
Commercial Insurance Requirements In Massachusetts
The Massachusetts Division of Insurance regulates insurance in MA. Massachusetts mandates very few forms of insurance coverage by law. They enforce worker's compensation.
Massachusetts requires you to have worker's compensation insurance if you hire even one employee on a regular basis. This includes part-time employees, family members, minors, and immigrant employees. It is not required for independent contractors, but employees in domestic service must be covered if they work at least 16 hours a week.
Massachusetts also requires all business-owned vehicles to be covered by commercial auto insurance. Other types of business insurance that business owners should carry depend on the specific industry.
Additional Resources For Arts & Recreation Insurance
Read up on small business arts and recreation commercial insurance.
- Amusement Parks
- Archery Ranges
- Athletic Fields
- Billiard And Pool Halls
- Bowling Alleys
- Cave Tours
- Dance Studio
- Disc Jockey DJ
- Drive-In Theaters
- Entertainers And Performers
- Event Planning
- Fairs And Fairgrounds
- Film Production
- Fine Art
- Guides & Outfitters
- Handball & Racquetball Courts
- Horse & Dog Racetracks
- Indoor Sports Complexes
- Interior Decorator
- Interior Design
- Motorsports Racetracks
- Photo Booth
- Recording Studio
- Recreation Centers
- Riding Stables
- Roller Sakting Rinks
- Shooting Ranges
- Skeet & Trap Shooting Ranges
- Ski Resorts
- Talent Agency
- Tennis Centers
- Video Arcades
- Wedding And Special Event
Commercial insurance policies for arts, entertainment and recreation are specialized policies that protect against the unique risks that arts and recreation businesses face.
Performing artists and companies, entertainers including musical groups, theatre groups, comedians and more, writers, performers, photographers, videographers, DJ's and so many other types.
Professional liability coverage (errors and omissions) is needed in these cases to protect their financial interests due to mistakes, errors or omissions by these professionals in doing their jobs. Fr example - a bride and groom did not like the way their wedding photos turned out.
Or a wedding planner might plan a lavish wedding, but the bride's parents who are paying for it did not like the way it went. There is a lot of gray areas with arts, and you need to be protected if your clients don't agree with you that your work was what the agreed to.
If your business is involved with children, you need to review your coverages very carefully so certain important protections are not excluded. Abuse and molestation insurance might be needed to fully protect yourself in this instance.
Minimum recommended small business insurance coverage: Business Income with Extra Expense, Employee Dishonesty, Money and Securities, Accounts Receivable, Commercial Articles Floater, Computers, Valuable Papers and Records, General Liability, Employee Benefits Liability, Umbrella Liability, Hired and Non-owned Auto Liability & Workers Compensation.
Other commercial insurance policies to consider: Building, Bailees Customers Floater, Money and Securities, Cyber Liability, Employment-related Practices Liability, Business Auto Liability and Physical Damage and Stop Gap Liability.
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