The Right Music Teacher's Insurance for Home-based Instructors

Are you a music instructor based out of home? Most of you tend to ignore the importance of insurance, as they believe most of their liabilities are covered in the homeowner's insurance. That's not true! There are many things that your regular insurance fails to cover, and losses that you end up paying for. It's time for home-based instructors to rethink their insurance needs, and choose an apt cover.

As a home-based instructor, you have your own set of students lined up at your class. You are liable for any damage or accident that occurs to them. Your instruments, also your assets in here, are your responsibility. In case of any loss or theft, you are responsible for replacing them. Loss of work day and other such general losses also fall upon you. In such cases, you are facing more losses than profits as a home-based instructor with no music teacher's insurance in your hand. Depending on a homeowner's insurance can be your greatest mistake, and a move towards additional expenses for you.

Here are a few things for which you need the right kind of insurance cover, which your home owner's insurance does not aptly cover.

• Theft: If your instruments or other related equipment are stolen from your home, who is liable to cover up the losses? It is important to have a cover that will pay for the replacement of the instrument that has been stolen. This is why you need to think beyond homeowner's insurance, and go for a cover that has theft covered
• Damage & Repair: When your student is using the instrument, chances of rough use is possible, and you need to be prepared for that. What if your instrument faces damage owing to the rough use? Would you be able repair the instrument without paying for it with your homeowner's insurance? Most homeowner's insurance do not cover repair costs for instruments, which is why you need to think beyond this insurance
• Injury: Are you bedridden because of an injury? What would happen to your job when you are not well? Who is taking care of the same? A loss of work day can make you lose your pay. Instead, own a music teacher's insurance that can help you in your days of injury by bearing the losses
• Accident at Property: A student of yours or, your workforce meets with an accident just outside your property. Who will bear the losses in this case? Does your insurance cover for this loss? Such accidents are normal, and you may have to pay the medical bills. With the right cover, you have the accident at property expense covered
• General Insurance: Apart from the specific protection, your insurance also covers the general needs posed by you, which makes the insurance special

To make sure you have made the right investment, it is important to have the right provider by your side. It is recommended to choose one who is experienced and understands your needs before offering an insurance solution for you.

Why You Need Piano Insurance?

Owning a piano is not enough, you also need to safeguard it against all problems and possible losses. Like every musician, staying attached to your piano is enough to get you to buy the insurance. You pay a hefty price to buy the piano, and then don't insure it- you are probably making the biggest mistake here. A small damage to your piano can cause heavy losses, and you will need to pay this off your pockets. If you were insured, you could ask the insurance company to pay for these losses. What about when you lose it while traveling or, you meet with an accident? Not all these issues are covered in the home insurance policy; no wonder the piano insurance is so important to the owner.

Let's see how piano insurance can benefit you.

Loss or Damage
Let's say you left the piano at home, and within the few hours that you left it alone, your piano was stolen. Someone broke into your home, and stole it. Would your home owner's insurance be able to cover this aspect? Will the insurance provider compensate for this loss?

Insurance for the instrument will cover not just the theft but also the losses that come with this theft. In case your instrument is damaged while at home, you can get it compensated with the particular insurance. The home owner's insurance treats your musical instrument in the same way it would the furniture in your home. So, you would compensated in the same way or, in some instances you are not even compensated for it. It is always better to invest in a particular insurance, if you want to gain an edge.

Insurance that Offers Value
If the instrument is a vintage one, it should be treated in that way in the insurance you have bought for it. There are pianos resting in homes that have traveled generations, and come to this point. The valuation of the piano increases with time, and you will need to value it before you buy insurance. It is only possible when you are investing in insurance for the instrument. With the home owner's insurance, you won't be able to value the instrument, and pay the premium accordingly.

When you plan investing in piano insurance, make sure you know the true value of the instrument, and accordingly choose a premium amount. You should also consider the clauses that you want treated in the insurance.

Transit Damage or Loss
A home owner's insurance might offer some compensation if your instrument is stationary at home, but what about when you are traveling with the instrument. There is no clause that supports the monetary compensation for that time, which is why you should have your piano insured for damage or loss when you are traveling.

It is not enough to insure your piano; you should be able to choose the insurance wisely. It is important to choose an experienced solution provider who understands your business needs and offers a solution that happens to best-fit for your case. Choose the provider wisely and after thorough research.

The Importance of Buying Music Dealer Insurance

While most people relate to buying music instrument insurance, how many of you really think it is worthwhile investing in music dealer insurance, especially if you are a small level dealer? When you are small and growing, you believe investing in insurance can add unnecessary business costs, which you would rather avoid.

While it seems like too much, investing in insurance can prove to be fruitful to your business. It is this insurance that will help you save your business in case of losses. A lot of music dealers have, in the past, faced losses owing to thefts, repair of instruments, accidents, poor health of the workforce, employee compensation etc. There are a lot of issues that come to light when you are a music dealer.

Who is insured?
The first question that you probably ask when buying insurance would be- who all are going to be insured with this insurance. Answering this question will help you understand what the insurance covers and why it is important. The instruments are the first thing covered under this insurance. Apart from this, you will be able to cover your property and the other assets that come as part of the music dealer deal. You can also insure your employees, their health, your health and protect your property against accidents and other damage.

This will clear one question- why you should invest in music dealer insurance?

Why not home owner's insurance
As a small dealer, the first question that pops up would be why can't you be satisfied with the home owner's insurance? The home owner's insurance is pretty good, and comes with decent inclusions but, it does not cover all aspects of instrument damage, and certainly does not offer to protect your worker in case of accident or any other issue.

The home owner's insurance does not help you with the worker's compensation that is needed when you are a music dealer. It may not protect you in case you sell a damaged instrument unintentionally.

What does it cover?
The music dealer insurance comes with complete protection that safeguards the owner against property, instrument and other damages that might cause heavy losses.

Instrument Protection: Protects your instrument against damage, theft and accident. Monetary compensation is offered in case you tend to sell a damaged instrument

Protects Property & Assets: You can get monetary compensation if, your property or any other asset is destroyed or damaged.

Workforce Compensation: If your employee loses a payday because of health reasons or, they tend to meet with an accident while at work, you will need to compensate them for the same. This insurance helps you monetarily.

Choosing the Right Provider
With such incredible benefits, music dealer insurance is a must for every dealer of musical instruments. You should partner with an experienced provider who understands what kind of insurance cover best suits your needs, and offers an affordable deal. Make sure you invest a lot of time in researching the different available options, and choose the best-fit provider.