Insurance for Music Stores

Insurance for Music Stores

Music Stores, like most retail businesses, have exposures that must be addressed with proper Insurance coverages. There are several important coverages to consider for your Music Store and we will break them all down for you in this blog!

Insurance for Music Stores – General Liability

First and foremost, you should carry some form of General Liability for your Music Store. General Liability can provide coverage for several types of exposures. These exposures can include property damage, customer injuries, advertising injury, etc. General Liability for Music Shops is very affordable, and there are often several options available to choose from. When shopping for General Liability, make sure you properly explain your operations, as some of the General Liability programs do not offer coverage for off-premises tutoring, instrument repair work, or other unique operations.

Insurance for Music Stores – Business Personal Property

Covering your Business Personal Property is an important coverage that is often overlooked when purchasing General Liability. With Business Personal Property, you can obtain coverage for your tools, equipment, inventory, computers, and many other business property items. Business Personal Property coverage is very affordable, and in most cases you can add this coverage to your General Liability policy. When you do add this coverage to your General Liability policy, the packaged policy is usually referred to as a Business Owners Policy.

Insurance for Music Stores – Workers Comp

The majority of Music Stores we work with tend to have employees. These employees, regardless of part-time or full-time, should be covered under a Workers Comp policy. This coverage is not only required in most states, but very important in case of an accident. Even in states that do not require you to carry Workers Comp, the employer is still often held liable for employee injuries. Similar to the General Liability, when you are shopping for Workers Comp, it is absolutely imperative you explain your operations. Many carriers will are not okay with operations that include off-premises exposures such as in-home tutoring, going to events, etc. This makes it critical to explain these operations in detail.

If you would like to learn more about Insurance for your Music Store, give us a call!

You can reach us at 925-297-4829.

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.