When you also have equipment or operate from a studio
All Basic plan benefits and:
Get protected against employment-related issues
All Standard plan benefits and:
*plus Workers Compensation
Commercial Property insurance protects your business property, whether rented or owned, from the costs of property damage due to a covered risk. A covered risk could be theft, vandalism, flood, fire, or natural disaster.
When a covered disaster forces your business to temporarily close, you need insurance that covers the income you would have earned. Business Interruption insurance will cover not just the lost income, but also recurring expenses like your employees' salary, monthly bills, etc.
Cyber Liability insurance covers the cost of lawsuits, notifications costs, credit monitoring, and other first-party expenses that result from breaches or attacks on your computer system.
General Liability insurance covers the cost when your business is sued for lawsuits over third-party bodily injuries, advertising mistakes, personal injuries, libel, slander, and other related claims. This insurance also covers the costs involved when defending your business including out-of-court settlements, litigation, and judgment awarded by courts.
The financial consequences of a potential mishap could easily destroy the assets of your business when you don't have insurance. Having insurance is important as it covers the expenses of covered risks, for example, insurance will cover the legal expenses when your business is faced with a lawsuit.
Below are some common risks sound recording studios can face:
The cost of insurance for sound recording studios varies as there are several criteria that define the total cost of your insurance. If you want to find out the cost of your insurance fast, simply apply online and we'll send in your free quote in just a couple of minutes.
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