Artist Insurance
If you work as an artist, you know your money on studio space, supplies, and equipment. Add onto that the fact that your work itself is valuable and needs protecting. This is where artist insurance comes in. By having this insurance, you can ensure that your studio, equipment, materials, and work can be replaced if lost, stolen, or damaged.
You will also be protected if an accident occurs while working with the public at an event or gallery showing. If it has not been something you have considered, you may want to learn about it and see if it would be wise for you and your business. Below we will talk about the two types of insurance every artist should invest in and their benefits.
If you would like to read more information or learn more about the pricing of business insurance, you can do so here.
Public Liability Insurance
This insurance covers the policyholder against claims made by third parties or public members if they are injured during a visit to a venue or project you are hosting. If you work freelance in a gallery, run your artist-led studio or gallery space, or participate in projects involving members of the public, it is always a good idea to have public liability insurance. If you run events in your home, your home insurance policy may cover you for some public liability insurance. You can check with your insurer to ensure you will be covered for events in your home.
Property Insurance
Insurance for the property includes studios, artworks, and works in transit. It can cover objects and buildings against fire, theft, or other damage. This can be either by people or if there is an accident. Unfortunately, accidents happen, especially in the art world. A knocked-over art piece or damaged art in transit to a show can seem disastrous, but a good property insurance policy can help you breathe a bit easier. Details may vary in each policy, so make sure to look at yours thoroughly.
Who Can Find Coverage
You do not just need to be an artist working freelance or in a gallery space to benefit from the coverage a policy can afford you. Many insurance companies offer products that cover various business situations that an artist may be working in.
Common examples are:
- UK based artists
- Artists working from home
- Commissions and public art
- Art fairs & art galleries
- Trustee liability insurance including art societies & clubs
- UK based art collections
- Art teachers
If you work in one of the above seven arts professions, you may be a candidate for this specialized insurance.
How to Obtain Artist Insurance
There are two common ways to obtain an insurance policy to cover yourself, your work, and your supplies. You can do this through artists organizations who negotiate rates via a broker for specialized art and artists insurance or by using a specialist art insurance broker and getting a quote directly from them. Often rates through an artist’s organization will be lower than those through a broker.
This is because organizations will negotiate deals’ with insurance brokers and underwriters, and because they have many members, they can usually negotiate a discounted rate. Word of mouth is another excellent way to find a broker or organization for your insurance. Speak to other artists you know about their experiences and if they tend to all use a specific insurance broker or organization.
Why You Need Artist Insurance
Holding an insurance policy as an artist does more than protect your supplies and guard you against liability at events. It also adds credibility and positions you as a professional in your field. By providing gallery owners, festival hosts, or others with your proof of insurance, they will see the seriousness in which you take your business. Many directors at art shows, fairs, and festivals may require you to have a liability insurance policy and add them as an additional insured. Better to have your insurance already purchased instead of feeling rushed to find and buy a policy to participate in a show or festival.
As an artist, your work is your life. It only makes sense to make sure you protect the products of your hard work and your equipment, supplies, space, and yourself. Artist insurance can help you feel safe that you are covered for any surprises, accidents, thefts, or losses that may occur. By researching the best insurance for you, you can focus on what you do best, creating art and bringing it into the world for others to enjoy. The world needs its artists. Let the professionals handle the insurance.
You can learn more about Artist’s insurance here, and read more about what kind of business insurance you need here.
Other useful links about business insurance:
Public Liability Insurance
Retail Insurance
Property Insurance
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