Insurance for Guitar Shops

Insurance for Guitar Shops

Insurance for Guitar Shops

Guitar Shops require the right Insurance coverages like every other business. There are some unique exposures to consider when purchasing Insurance for Guitar
Shops and it is important to make sure you properly Insure these exposures in case of an accident. This blog will help you determine which coverages are important
to protect your Guitar Shop.

Insurance for Guitar Shops – General Liability

Like with most retail stores, General Liability is a very important coverage. When shopping for General Liability, make sure you properly clarify your business
operations to avoid issues later on. For instance, if you offer guitar tutoring and/or travel off-premises to perform work, it is absolutely critical you are
insured with a carrier that understands and accepts your operations, in case an accident occurs. In addition, if you are performing any repair or maintenance work
on guitars, it is also important to clarify these operations to your carrier to avoid any issues later on.

Insurance for Guitar Shops – Business Personal Property

Business Personal Property is an optional coverage that is often overlooked by Guitar Shops. With Business Personal Property, you can insure your inventory, repair
tools, furniture, and even collectible guitars! If you do operate a store with collectible items, you can have these items specifically scheduled onto the policy.
Doing so will assure you get the full replacement cost on the item in case of an accident. Business Personal Property is not automatically scheduled, so make sure
you take the time to explain your property to your Agent/Broker to assure it gets properly scheduled.

Insurance for Guitar Shops – Workers Comp

If your Guitar Shop has employees, you should carry a Workers Comp policy to protect them in case of an accident. The Workers Comp rates between employees at one
Guitar Shop versus another can be significant. This is especially true for those Guitar Shops that have outside sales employees, and/or employees that do any kind
of manufacturing. For this reason, it is very important to outline your employees’ duties properly when discussing Workers Comp with your Agent/Broker. There are
several important reasons for this, and in most cases it will help you avoid unwanted surcharges later on in the year when the Workers Comp carrier changes your
employees’ classifications.

If you would like to learn more about obtaining the right Insurance for your Guitar Shop, we are here to help. Give us a call at 925-297-4829.

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All information is general in nature and is intended to provide guidance only. It is up to you to request specific coverage options, the agency and agent do not bear this responsibility. Always read the policy if there is a questions about coverage or a claim. If any information herein should conflict with your actual policy’s specific language, the policy language will be controlling.

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