Recording Studio Insurance in Massachusetts

What is Recording Studio Insurance?

Establishing a recording studio requires a significant investment of time and money, and the resources that are poured into a studio ought to be protected when possible. Recording studio insurance helps protect studios in Massachusetts from a range of risks that they face.

Recording studio insurance is a specialized form of commercial insurance that’s tailored to meet the risk mitigation needs of recording studios and similar businesses. In order to provide robust protection, most of these policies are crafted as package policies that bundle several individual coverages together.

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What Businesses in Massachusetts Need Music Studio Insurance?

Generally speaking, the vast majority of recording studios in Massachusetts ought to have music studio insurance in place. Most businesses are exposed to a variety of risks, and this is often the most appropriate type of insurance for businesses in this industry.

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What Liability Coverages Does Music Studio Insurance Make Available?

Music studio policies may come with many different liability coverages. Some of the more commonly offered liability protections are:

  • General Liability Coverage, which may cover a variety of common accidents and defamation lawsuits
  • Product Liability Coverage, which may cover injuries caused by instruments, equipment or products a studio sells
  • Completed Operations Liability Coverage, which may cover a variety of legal actions that can follow a completed business transaction
  • Damage to Rented Premises Liability Coverage, which may cause damage that’s caused to rented facilities
  • Special Event Liability Coverage, which may cover injuries or property damage that occurs during a special event
  • Host Liquor Liability Coverage, which may cover alcohol-induced incidents at events where adult beverages are served
  • Commercial Auto Liability Coverage, which may be necessary if a business owns vehicles
  • Commercial Umbrella Coverage, which may provide supplemental liability protection for a number of underlying coverages

As liability protections, these coverages normally pay legal defense costs, settlements and judgements associated with covered claims. 

What Property Coverages Does Music Studio Insurance Make Available?

There are also many property coverages that music studio policies may offer. Some of these include:

  • Building and Structure Coverage, which may cover a studio-owned building
  • Building Personal Property Coverage, which may cover equipment kept at a studio
  • Property Off-Premises Coverage, which may cover equipment that’s taken off a studio’s property
  • Equipment Breakdown Coverage, which may cover unexpected breakdowns of essential recording equipment
  • Signage Coverage, which may cover a studio’s exterior signs
  • Continuation of Income Coverage, which may cover lost revenue if operations cease due to damage caused by a covered disaster

As is typically the case with property coverages, the perils that each of these protects against will be detailed in a policy’s paperwork. An insurance agent who specializes in music studio policies can help studios determine what perils their chosen policy protects against.

What Other Coverages Do Recording Studios Need?

In addition to the liability and property coverages mentioned above, recording studios may also want employee dishonesty coverage. This protection might offer compensation if an employee sabotages or steals from a studio.

Studios that have paid employees usually also need workers compensation coverage, which normally covers lost income and medical expenses arising from job-related injuries. Whether workers compensation is purchased through a recording studio policy or on its own depends on the policy. Either way, agents who are familiar with recording studio policies can frequently also assist with any workers compensation insurance needs a studio has.

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How Can Studios in Massachusetts Get Recording Studio Insurance?

For help insuring a recording studio in Massachusetts, contact the independent insurance agents at Roger Butler Insurance. Our agents are able to request recording studio insurance quotes from multiple insurance companies, and they have the expertise necessary to help you select the best available policy that meets your studio’s needs.

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