Why Should You Insure Your Musical Instruments Retail Store?

What roles does a business insurance plan play when it comes to retailers? A decent business cover protects the financial assets of the business owner while ensuring that the musical instruments are safe and secure. Are you into the retail business? Are you wondering why you should insure your musical instrument store? What coverage options should you opt for?

Going through this piece of content will put an end to all your confusion while answering your queries. Let's read on!

Public or third-party liability insurance policy for musical instrument shops

Regardless of the genre or industry, all business houses are prone to various types of risks that can be avoided by proper insurance coverage. One of the most crucial coverage business owners should have is public or third-party liability coverage, also known as general liability cover. So, what are the benefits of the cover? 

General liability plan covers the following scenarios:

●    Property damage
●    Physical injuries
●    Medical expenses
●    Legal defense
●    Personal injury

While it is not mandatory for businesses to carry public or third-party liability insurance, functioning without it might invite troubles in the future. What if someone filed a lawsuit against your musical instrument shop?

Without Insurance for Retailers, you could end up getting a huge financial setback that may count into thousands of dollars. However, having an adequate amount of insurance plan will help you pay for these damages and prevent your business from getting devastated.

What is the average cost of liability insurance?

Typically, musical instrument shops in the United States of America spend around $300 to $600 every year for $1 million in public liability insurance. There are many factors that help determine the cost of your insurance plan. Some of the vital ones include the following:

●    Your location
●    Number of staff members you have
●    Deductible
●    General aggregate limit
●    Extent of coverage
●    Per-occurrence limit

The cost of Insurance for Retailers is likely to vary from one insurance company to another. And the only way to figure out the pricing is by asking an insurance provider for a free price quote. Proper insurance coverage is massively crucial for all businesses, no matter whether it is small, medium, or large. Getting price quotes allows you to figure out which plan is apt for your insurance requirements. If you are thinking about where you can get the quotes, relax. Reliable musical instruments and business insurance companies offer it instantly for free on asking.

What are the other types of insurance policies that a music shop may need?

Although public liability insurance is the most imperative coverage for a musical instrument shop to have, there are some other types of coverage options that they should know. These include the following:

Commercial property coverage

Stocking a musical instrument store with best-in-class products is no less than a major investment. What if your store is damaged in the event of theft, natural disaster, or fire? When you have the commercial property plan in place, your insurance provider will compensate you for the cost of replacing or repairing your property. It not only covers structural damages but the inventories as well.

Workman's compensation cover

Most states in the USA require businesses to have workman's compensation cover for both the full-time and part-time staff members. This insurance cover will protect the staff if they get injured in a work-related mishap. It covers the lost wages and medical bills of the employees. If you do not get this cover and something unwanted happens, you have to pay the expenses on your own. And it goes without saying that it would be pretty expensive to manage without an insurance plan.

Buy a separate plan

These are some of the most important insurance coverage options that musical instrument retailers should possess. Do remember, even if your shop is located on the premises of your home, you should get a separate business insurance plan. If you depend on your home insurance plan to cover your business simply because they share the same premises, you might be doing a blunder. A home insurance plan is designed to protect your home, not your business, no matter what.

Find a good, experienced, and customer-friendly insurance provider in your state to get your business the protection of a suitable insurance plan.

Music Dealer Insurance: Who Needs It and Why?

Who is a music dealer? Or how do you define a music store or dealership? It is a retail or wholesale business that deals with selling musical instruments, accessories, and associated equipment. Moreover, some music stores also offer additional music-related services in exchange for extra charges. These services may include music classes, musical instrument rental, music instrument appraisal, or repair.

Music shops are of different types. Some focus on a full range of products that includes all categories of musical instruments. Some shops deal with only a subset of such categories, for example, digital pianos, acoustic guitars, etc., while some specialize in percussion and drums. You will also find stores that sell high-end or vintage musical instruments.

Did you know in Canada and the United States of America, there exists a fine line between Orchestra and Band stores and Combo stores? The former specializes in living up to the requirements of school-based music programs and their candidates, and the latter sells musical instruments and accessories for rock bands?

If you own a shop dedicated to selling musical instruments and providing additional services related to music, you need a comprehensive Music Dealer Insurance plan.

Why did music shops come into being?

Music stores came into being to meet the requirements of the local communities. These included schools, orchestras, civic bands, amateur musicians, and churches, to name a few. In order to offer best-in-class services to this wide range of clients, the music shop owners do focus on a niche market where they sell, rent, or lease musical instruments.

It was not very long before the music shops began to sell musical accessories, including microphones, digital music software, amplifiers, effect units, mixing desks, and sound recording machines.

There came the online counterparts

In the year 2010 and beyond, the brick-and-mortar musical shops got into competition with their online competitors. And that competition is still on. Therefore, whether you own a regular shop or an online one, having a copy of Music Dealer Insurance is a must-have.

What musical instruments and equipment can you find in a typical music shop?

Here goes the answer (the list is not all-inclusive though.)

●    Acoustic guitars
●    Piano
●    Violin family
●    Electric guitars
●    Organ stores
●    Pro audio
●    Sheet music

Why not regular business insurance but a specialized insurance plan?

As far as regular business insurance plans are concerned, they are not formulated to take care of the needs of musical instruments or, to be precise, the music industry.

What if a high-valued musical instrument gets damaged while in transit to the customer? No business insurance policy will come to your rescue. However, if you have the right music shop insurance plan by your side, it will provide you with the best possible coverage.

In place of business, on rent, on a lease, or in transit - no matter where your musical instruments are, a dedicated insurance plan will make sure of the following coverage. Let us take a quick look at the below pointers:

●    It will cover your products while on the go, both internationally and domestically.
●    It will offer worldwide cover to the gears (protection against flood, fire, theft, loss, depreciation after an accident, and accidental damage).
●    It will cover your products that are out on loan.
●    It will cover any loss or damage suffered in transit.
●    It will cover loss or damage caused due to elements of nature.
●    It will cover the musical instruments if they are lost or damaged while being kept in an unattended vehicle.
●    It will also provide you with coverage against cases of public liabilities (these are very much common these days).

So, this is how a dedicated insurance plan for music dealers protects your shop and finances from the unforeseen.

The bottom line

If you have been wondering whether or not you should buy this cover, hopefully, this piece of content will help you make the right decision. Dear reader! Always remember. Industry experts work hard and put a lot of research and dedication into formulating insurance plans. Therefore, it would always be wise to consider them according to your needs. If you are ready to buy an insurance policy for your musical instrument shop, research your options and then decide on a service provider.

9 Lesser-Known Facts About Brass Musical Instruments

Brass musical instruments are not new additions to the many families of musical gears. These instruments have been integrally related to the music world for eons in one or the other form.

Earlier, these were played as a part of various ceremonies, including religious gatherings and military campaigns. Brass musical instruments are often dedicated to jazz lovers, marching bands, and above all the music lovers across the world. Here, we have rounded up some interesting, or you may say, some lesser-known facts about brass instruments.

Let us take a look at them:

1.    Brass gears are also known as labrosones

Brass musical gears are also known as labrosones. Do you know what it means? The meaning of labrosones is lip-vibrated musical instruments. Yes, it takes a lot of effort from the player to produce sound by vibrating their lips. The players need to change their pitches by lip-vibration at different speeds into the mouthpiece of the gear. Every musician should protect their brass gears under a suitable Brass Musical Insurance plan for sure.

2.    All that is not brass can also be a brass musical instrument

You might gawk in surprise to learn that not all brass instruments are carved out of brass. Really? Yes, it is true. Traditional musical instruments, such as shofars and conch shells, are often called brass gears because, in order to play them, you have to vibrate your lips. You may have heard some people calling them natural trumpets. The reason? They do not have valves to ensure control of the pitch.

3.    Metal trumpets have their roots in 1500 BCE

Trumpets made from bronze and silver have been found in the graves of ancient Egyptians. You may also find these instruments back in the history of South America, Asia, and Scandinavia. However, it does not mean that the kings and queens of that time had bands. In those days, trumpets were mainly used for religious and military ceremonies and not for musical purposes, like today.

4.    Trombone was often called a sackbut

During the Renaissance period, people used to refer to the trombone as a sackbut. The name was probably the amalgamation of saquer and bouter. These are French words that mean to draw and to shove. Although different in shape and size from what a trombone actually looks like, sackbuts are believed to be the forerunner of today's trombone.

5.    The Beethoven connection

The fifth symphony (in C Minor) of Beethoven was the first piece (orchestral) to play the trombone. Now, you can understand how significant these gears are.

6.    The sousaphone is a specially-made tuba that many marching bands use

It is often difficult to walk with traditional tubas. Therefore, many bands use a specially-made instrument called the sousaphone. This musical instrument fits around the musician's body and is easy to walk with. The name sousaphone came from composer John Philip Sousa's name.

7.    Brass musical instruments are popular around the world

Brass musical instruments make a significant part of world music, both in regard to contemporary and traditional music. So, right from the jazz bands of New Orleans to the age-old symphonies of Europe and the Balkan folk songs to the marching bands of the USA, you will find them everywhere. If you own a brass musical instrument, make sure to buy a comprehensive Brass Musical Insurance without fail.

8.    What if you stretch out the tubes of a trumpet?

If you happen to stretch the tubes present in a trumpet, the musical gear will reach a length of 6.5 feet. Unbelievable, right? However, it is a fact.

9.    What is the meaning of trombone suicide?

In general practice, a sequence of trombonists stands and bends in line with a drumbeat. It makes the scene look like - the trombone of one player is at the position where the head of a neighbouring player stood a couple of moments ago. Unfortunately, if a player(s) mistakes the timing, they often end up being injured. Therefore, it is known as trombone suicide or head chop.

The final words

Hopefully, you liked the given lesser-known facts about the brass musical instruments. Another thing you should always keep in mind is that if you own brass gear, make sure to get it insured in the first place.

Protect Your Recording Business with Music Studio Insurance

After months, probably years of brainstorming and researching, you have finally decided to set up your own music recording studio. Wow. It is good news. The substantial level of investment both in terms of time and resources that goes into setting up a recording space makes it one of the priciest career options, indeed.

Secure your career with an appropriate insurance plan

While you have many other promising career options to pick in the music industry, you still want to launch a music recording studio. It makes one thing crystal clear. You love your passion and are determined and committed to making your dream come true. However, in order to make sure that you are successful, you need to safeguard your business in the first place. And, for this, you need a dedicated Music Studio Insurance plan right away.

Start Small. Dream Big

Did you know some of the most famous music recording studios started their journey from bedrooms? Yes, that is correct. So, if you are planning something similar, then do not hesitate. A little goes a long way. You can set up a recording studio anywhere until you have the permission and the set of the right equipment and tools. You may also begin at a small scale and then, gradually, metamorphose into a high-end recording facility. However, to push your business high, you will have to do the needful and work hard no matter what. 

So, if you are all set, do not forget one thing. Whatever you are going to do is business. You love music or are a musician. Things like this are different matters altogether. When you are a business owner, you have to make sure that all formalities are just in place and you are fully committed. Then only you can see the face of success.

Is your arsenal ready?

What arms and ammunition do you have in your arsenal protecting your business in case of any unwanted scenario? Wait. What? Did you just say you have home insurance? Dear reader, when you register as a business, your home or renters insurance plan is likely to become null and void, and your recording studio may remain uninsured. You have started your business from your home. This fact would not be considered valid. So, be very careful and buy a Music Recording Studio plan to stay safe and protected.

What does a dedicated insurance plan do?

How do insurance policies for recording facilities work?
How are they different from your home or renters insurance plan?
How much do comprehensive plans cost?
Who sells such plans?

These are some of the many common questions people ask regarding specialized insurance plans. It is absolutely obvious to have doubts. Although every question has a different answer, the one-shot one is something you should never forget. Your home insurance and music recording insurance plan are way different from one another when it comes to protecting recording studios and their contents. However, to ensure complete coverage for your studio you need to choose the latter one, i.e., a standalone plan.

To help you understand the differences properly, here, we have a table for you. Refer to the below table for detailed information!

Coverage options	Home Insurance	Music Recording Studio Plan
All-risk cover	No. Your home insurance is less likely to cover all risks. It may not cover accidental damage.   It does not cover gears that you use for paid performances.   It will not cover businesses.	Yes. Your music recording studio cover plan from a good insurance provider is most likely to cover all possible risks, including theft and damage.
Public liability cover	No. It will not compensate for public liability scenarios.   All expenses are to be made by you.	Yes. It will cover public liability cases.
Transportational damage	Home insurance policies do not cover any gear or equipment that suffers damage outside the insured boundaries.	Yes. An all-encompassing music recording studio plan does cover transportational damage or theft.
Worldwide coverage	No worldwide coverage is offered.	Yes, you are likely to enjoy the benefits of worldwide coverage.

Be safe!

If you own a music recording studio or are planning to launch one soon, make sure to get your insurance policy papers as a priority. It will serve the purpose of a protective cover against all unforeseen scenarios.