How Insurance for Retailers Would Protect You against All Odds

Managing a retail business, selling musical instruments and accessories is no easy job. You would have to sell a wide range of instruments and accessories to become a preferred store among the musicians. But like all other retail businesses, there are many risks involved both to your property as well as your business as a whole which you must safeguard against. In the past most music retailers had to rely on retail insurance plans that were meant for all kinds of retail business. This often left loopholes that didn’t meet the niche needs of music retailers. Thankfully music insurance companies have come up with specialized insurance for retailers that offer you adequate protection. Let us take a look at how insurance for retailers protect you against all odds.

•   Insurance for Property – Whether you are running your store from a rented premise or you own the store, your equipment, fixtures and the property where your store is housed is always at risk be it from fire or any one kind of incident that damages your property. When you buy insurance it would cover you against these risks.
• Injuries & Liabilities – There are instances when your employees or a customer can suffer a bodily injury while they are inside your store. These can attract third-party claims and lend you into trouble without an insurance plan. It would cover all the medical bills and other compensation involved in cases of an injury. This liability coverage is of great significance when you compare it to other risks involved with your business.
• Product Liability – As a retailer you are always at the risk of being sued when a product that you sell is defective or proves to be dangerous for the customers. You would have little control over this while sourcing the products from manufacturers. Nonetheless insurance for retailers would take care of all such litigation and protect your business.
• Business Income insurance – While you would take all measures to see your business flourish but there are unforeseen events that can lead to closure of your business. The immediate fallout of such situations is loss of revenue that makes it difficult for you to pay all your bills. The specialized insurance plans help you settle all your dues in time.
• Crime Insurance – We live in a bad world! You hear about crimes against businesses on a regularly basis if you follow the newspapers or any other news medium regularly. This isn’t to scare you but the fact remains your business is always at risk. One dishonest employee may rob you of all your profits and revenue or burglars may break in and take away all your equipment or accessories. A good insurance plan would protect you in suck kind of scenarios.

Remember you should buy insurance when you feel you hardly need one as it takes care of the bad events if they hit you. It is important for you to choose a company that offers you tailored plans for your needs. 

Why You Need To Buy a Piano Insurance Plan

Do you own a piano? It is surely one of the finest musical instruments in the world that has a sense of class attached to it. Being large in size and coming for a handsome price, pianos have always been considered instruments for the elites. Having one at home surely makes a style statement and adds to the décor of your home. Whether you are a pianist, have inherited one in the family or have recently bought one at an auction, you need to insure it. There are special piano insurance plans that protect your financial interests. In this short write-up we shall take a look at why a piano insurance plan is beneficial for you.

·        Loss or Damage at Home     
Do you feel your homeowner’s plan would cover your piano in case of theft or damage to your instrument at home? It is time you realize the heartbreaking truth that your homeowner’s insurance plan offers you little protection. These plans treat your piano or any other musical instrument as any other furniture or belonging at your home and can often offer you a laughable compensation which is a fraction of the value of the instrument.

·        Vintage Value     
Staying with value, pianos being a stationary instrument tend to see through many generations in a family or multiple owners. We come across pianos which are decades old with some even having clocked the 100 years mark. The older and rarer a piano get sits price in terms of valuation increases and here we are talking about values of thousands of dollars and even the six figure mark in many cases. It becomes important for you to treat it not only as a musical instrument but something that has vintage value attached to it. So before you buy a plan it would be wise to get in appraised by a seasoned professional as this will let you insure it for the value it commands. 

·        Damage During Transit        
One of the biggest risk factors associated with a piano is when it is being moved from one place to another. You may be changing your home or taking it to a stage where you are scheduled to perform. If the movers don’t carry out the task professionally it can easily cause damage to your piano. And you would realize that piano repair is no child’s play and you would have to incur huge expanses. If you have a vintage instrument these costs can multiply as you would have to hire services of the most skilled people in this business. Your piano insurance plan would cover these costs and offer you complete peace of mind while moving your piano from one place to another.

Before you buy the plan you need to make sure that the insurer enjoys good reputation in the market and offers you a tailored plan that would meet all your niche needs.

A Few Tips to Choose the Right Company When Buying Insurance for Appraisers

Are you a music insurance appraiser? While some would see you as a know-it-all person about musical instruments, others think you to be some sort of a device that can come out with numbers from a huge database inside the brain. Well the job of an insurance appraiser is certainly a mix of knowledge and careful evaluation on which both the insurance industry and musicians depend. There are many perks to this profession as you would come across anything from vintage instruments to rare collections from celebrities. The mere thought of handling such memorabilia every day makes the job exciting.

From the outside it is certainly one of those jobs that people always dream about when you value instruments merely by taking a look at them. But as an appraiser, you know the extremely challenging environment in which you work. Any number given out is based on variety of factors and even the slightest bit of careless neglect can put you in a tough spot of bother. It is thus important to protect your interest and this is where insurance for appraisers is a must for anybody involved in this profession. But with so many companies offering such insurance plans you need to be choosy. So here we share with you a few tips to choose the right insurance for appraisers plan. 

# Research on Their Reputation               
Never buy a plan from a company without researching on its reputation. The purpose of an insurance plan is to offer you adequate compensation when you need it. Some companies make tall claims while selling you a plan and don’t quite keep the commitment when their clients submit their claims. As an appraiser you would have inside knowledge about the insurance industry and you should choose a company that enjoys good reputation among its customers.

# Look At The Product Carefully               
Yes you need to always buy an insurance product from a reputable company but you also need to take a look at their product carefully. As a thumb rule it should offer you cover against all kinds of risks that are associated with your profession. If you have some niche needs you must make sure the plan you are choosing covers your needs. For instance if you are dealing with vintage instruments that often run to hundreds of thousands of dollars, the plan you buy should provide you adequate protection.

# Errors and Omissions Coverage            
This is the most important factor for any appraiser and you should make sure that the plan you choose protects you against errors and omissions. It is human to make errors in judgment and there is little that you can do once the value of an instrument or other musical product has been settled based on your appraisal. This coverage would project you in case of any disputes and litigations arising out of your appraised value.

Keeping these three things in mind will help you choose the right plan that protects you against all risk.

Insurance For Musical Instrument Repairers: Glance Into The Benefits Of Acquiring It

Consequences that are yet to take place are completely beyond our grasp and control- somehow we have to make efforts to empower the future! Even though upcoming events are highly fickle or incalculable; there are always ways that when adopted make sure that the explosive nature of events do not act as a spoilsport in the way of our much desired success. There are some instances that are uncontainable; but for the rest else there is an Insurance Policy!

It has been observed that Musical Instrument Repairers industry has witnessed a tremendous extension in the last few decades, thus, there are heaps of fascinating plans in the name of Insurance For Musical Instrument Repairers, which can be further customized keeping the requirements in mind for the variety of industry verticals. Numerous comprehensive plans have been introduced for the professionals having their alliance with music fraternity in last the couple of years. These plans efficiently address the specific claims and requisites of the performers, dealers and repairers. As an associate of a music and entertainment fraternity, your career graph will always be full of thorns and roses, and same implies for the musical instrument repairer; on the one hand, there is an excitement of fixing the problems present in the damaged instrument, on the other hand there are a number of challenges too!

Along with the pleasure and thrill of cracking the problem with the musical gear; and then implementing various techniques to fix them up is indeed a sense of accountability. With a single omission or mistake, this whole set of excitement can turn into a sizeable monetary loss. Here, comes the importance of an insurance vendor; as the insurance providers who are seasoned players under the potential risks that are specifically associated with this particular profession.

This unique insurance plan completely brings down the magnitude of the state of affairs, and the risk factors that are to be experienced by the repairers. It is essential to have a widespread coverage, so that you can easily counter all these problems. There can be a situation when a restored instrument under your custody gets marred up further, and even there is a possibility of the complete breakage of the instrument when being repaired; and in either case it is the repairer who has to face a dent in the hard earned financial reserves.


Insurance vendors that have a vast experience in tendering a wide range of policies for the music fraternity, realize the few of the outstanding threats that somewhere and somehow keep on troubling the repairers and other professionals. This is the reason while introducing all inclusive and all exclusive plans they don't forget to mention those points that can turn to be quite beneficial for music professionals, music instructor's repairers and so on. This is the reason you can find Tutor Insurance, Cello Insurance, Saxophone Insurance and a variety of other insurance plans in their charter that can further be customized as per the needs of the professionals.

Woodwinds Insurance - Helping Orchestra Players Deal with Threats

Music arouses desires and emotions and is perhaps one of the best expressions of civilization that separates us from others in the animal kingdom. A good orchestra can leave a lasting impression on the minds of the listeners. No wonder across cultures musicians have always held prestigious positions in the society and defined the cultural narrative of the land. While music may seem heavenly, musicians like any other professionals have to constantly fight against occupational hazards. The limelight and fame surrounding a musician often multiplies these threats. Hence it is important for individuals as well as groups to build a wall that shields them against these threats. For orchestra players this wall would be woodwinds insurance. 

Overcoming Threats  
Why do I need to buy Woodwinds insurance? This is a popular query that crosses minds of musicians who have never bought insurance. This thought process is also backed by the fact that you may have never felt the need of buying brass musical insurance or insuring your woodwinds. But insurance is something that you buy in good times so that it can take care of your financial burden in the bad time. You don’t insure your vehicle to be involved in an accident; you insure it to help you cope up with such an unfortunate situation. The reason behind insuring your woodwinds is the same as these plans protect you from perceivable and non-perceivable threats.

The Many Risks That Are Covered          

Damage – Some musical instruments are delicate and need careful handling and woodwinds surely falls in this category. Your instrument may suffer from a minor or major damage while performing or practicing. Getting it repaired by a professional is no easy job as it can loosen your purse quite a bid. An insurance plan would take care of this risk and cover the entire cost of repair.

Theft – Like all other precious possessions you need to protect your instrument from this risk. Your homeowner’s insurance won’t quite take care of theft of the instrument especially if it comes at a premium price. Insurance plans offer you total replacement costs irrespective of the age of your instrument.

Transit– As a musician you tend to live on the road performing a various locations. The regular travel and transit does come with its own set of risks as there may be damage to the instrument in handling or it may be lost. You must buy an insurance plan that covers your risk on the road.

With woodwinds insurance you can breathe a sigh of relief in case you lose the insurance or it is damaged. While it may do little to console you emotionally, it does take away the financial trauma that musicians face at the turn of such unfortunate events. While there are a number of companies that offer you these insurance plans, you need to be choosy while buying one. Consider all kinds of threats that even have the remotest possibility and make sure the insurance plan would take care of these. 

Insurance for Appraisers - Why You Shouldn't Appraisers Ignore This?

Music insurance appraisers are highly rated in the industry. Often people see them as superhuman who have profound knowledge of different musical instruments and appraise them based on their age, rarity, vintage value, owners and other details associated with them. In the music insurance industry any instrument that is old and has some vintage value needs to be appraised before it is insured. There is a lot that can happen over a figure that an appraiser throws out after appraising the instrument. A music insurance company would always deal over a number (value) offered by a certified appraiser. Hence it doesn’t merely stay a figure but is taken as the value of the instrument on that given day.

This valuation has to be well-judged taking note of even minor cracks and dents in the instrument before the appraiser comes up with a credible number. Naturally this is no easy profession and not just about giving out numbers as some critics see it as. As human beings you are bound to commit mistakes at some point of time but the fact is an appraiser you can least afford to make a mistake! Love it or hate it, but every insurance appraiser has to live with this reality in his/her everyday job. But when you make mistakes you need something to fall back upon that would protect your reputation. This is why insurance for appraisers becomes so important for anyone who is engaged in this profession.

Cover Errors and Omissions on Appraisals   
As we have already seen earlier there are times when you would come up with an erroneous number or one that is far away from what other appraisers are putting. This may be due to miscalculation of the instrument’s value or lack of knowledge about the latest trends in the valuation of vintage instruments. From failure to spot a hairline crack on the surface of the instrument to overlooking the fact that the instrument has been refurbished, there are hundreds of ways in which you can go wrong. Once you have made the error there is little that you can do but an insurance plan protects you from these error and obligations.

Insurance for Appraisers are meant to help you overcome these challenges of your everyday profession. Whether your errors and omissions are in assessing the value of the instrument calculating the loss or damage of musical instruments these plans would take care of all the risks associated with this profession. These insurance will take care of all claims arising in case of alleged or actual negligence on your part which otherwise can completely dent your reputation in the market.

As someone who closely works with the insurance industry you would know the importance of finding the perfect insurance plan for your needs. You would also know that the search should start from finding the perfect music insurance company that enjoys good reputation among its customers. Apart from verifying their market reputation, make sure that they specialize in placing errors and omissions insurance for appraisers.