Are you part of a band or in the music industry? If so, you know how important it is to protect yourself and your equipment from unexpected accidents that can happen in concerts and other events. Music band insurance protects you from liability claims, equipment damage, and other risks.Â
With various types of coverage available, such as commercial property insurance, business owner's policy, music equipment insurance, commercial auto insurance, accident insurance, and workers' compensation insurance for bands and DJs - there are plenty of options to choose from based on your specific needs.Â
We'll explore each type of coverage in detail and discuss its benefits. Additionally, we'll review some of the best companies offering band insurance policies so that you can decide which one suits your needs best.
| CoverWallet | NEXT (Best) | Thimble | Hiscox | The Hartford | |
|---|---|---|---|---|---|
| Per occurrence limit | $1,000,000 | $1,000,000 | $1,000,000/$2,000,000 | $300,000/$1,000,000 | $1,000,000/$2,000,000 |
| Aggregate limit | $2,000,000 | $1,000,000/$2,000,000 | $1,000,000/$2,000,000 | $300,000/$2,000,000 | $1,000,000/$2,000,000 |
| Products and completed operations aggregate limit | $2,000,000 | $1,000,000 | $1,000,000 | $1,000,000 | $1,000,000 |
| Advertising injury coverage aggregate limit | $1,000,000 | $1,000,000 | $1,000,000 | $1,000,000 | $1,000,000 |
| Tenant’s legal liability coverage limit | $100,000 | $100,000 | $5,000 | $100,000 | $1,000,000 |
| Waiver of subrogation included? | Yes | No | Included | Can be included | No |
| Hired/non-owned auto liability coverage included? | Yes | No | Excluded | Can be included | Can be included |
| Equipment breakdown floater included? | No | Yes | Yes | Can be included | Can be included |
General liability insurance for bands is a type of insurance that protects the band and its members from financial loss due to claims of bodily injury or property damage caused to a third party. Band members may encounter various risks and liabilities that may arise before, during, or after an event and that's why they need this insurance. Here are some situations where this business insurance for bands can help:
If a band member accidentally damages someone else's property while performing
In case equipment causes bodily injury to someone attending their show
In the event that a band member causes accidental injury to someone during a performance
The coverage limits for this band liability insurance can range from $1 million to $5 million, depending on the policy and the insurer.
Liquor liability insurance–Provides coverage for damages caused by alcohol-related incidents at events where the band is performing
Hired/non-owned auto liability insurance–Offers coverage for damages caused by rented or borrowed vehicles used by the band
This band liability insurance typically does not cover accidents that occur during transportation to and from a performance venue. This type of insurance primarily focuses on protecting against liability claims arising from the band's activities during the actual event or performance.
| CoverWallet | NEXT | Thimble (Best) | Hiscox | The Hartford | |
|---|---|---|---|---|---|
| Per occurrence limit | $1,000,000 | $1,000,000 | $1,000,000/$2,000,000 | $1,000,000 | $1,000,000 |
| Aggregate limit | $2,000,000 | $2,000,000 | $1,000,000/$2,000,000 | $1,000,000 | $2,000,000 |
| Name additional insureds? | Yes | Yes | Yes | Yes | Yes |
| Waiver of subrogation included? | Yes | No | Yes | Can be included | No |
Professional liability insurance for bands, also known as errors and omissions insurance, provides coverage for claims of professional negligence or errors that result in financial loss for a third party.
If a band fails to show up for a scheduled performance and the event organizer experiences financial loss as a result
A member fails to deliver promised services, such as sound engineering or musical instruction, resulting in financial loss for the client
A band member infringes on the intellectual property rights of another party, such as using copyrighted music without permission
The coverage limits for this band liability insurance can range from $500,000 to $2 million, depending on the policy and the insurer.
Media liability insurance–Covers for damages resulting from the band's advertising or promotional materials, such as copyright infringement or defamation
Yes, if a band's failure to meet contractual obligations results in financial loss for the client, professional liability insurance may provide coverage for those damages.
Public liability insurance or PLI for bands is a type of insurance that provides coverage for claims of bodily injury or property damage caused to a third party during a band's performance or event. The policy also involves band public liability Insurance for 1 Day which provides coverage for bands or musicians during specific events or performances, including single-day gigs or concerts.
The coverage limits for band public liability insurance can range from $1 million to $5 million, depending on the policy and the insurer.
PLI insurance for bands can potentially cover claims of food poisoning resulting from food sold at a band's event, depending on the specific terms and coverage of the policy. PLI typically covers third-party bodily injury claims, which may include illnesses or injuries caused by the consumption of food or beverages at the event.
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| CoverWallet | NEXT (Best) | Thimble | Hiscox | The Hartford | |
|---|---|---|---|---|---|
| Building coverage limit (minimum) | $50,000 | $260,000 | $25,000/$500,000 | $25,000 | $60,000 |
| Contents coverage limit (minimum) | $50,000 | $22,000 | $25,000/$500,000 | $25,000 | $60,000 |
| Outdoor signs | Excluded | $2,500 | Excluded | Excluded | Excluded |
| Accounts receivable | Excluded | Excluded | $5,000/10,000 | Included | Excluded |
| Money and securities | Excluded | $2,500 | $1,000 | Included | Excluded |
| Lock and keys | Excluded | $2,500 | Excluded | Excluded | Excluded |
| Business interruption floater | Excluded | Included | Included | Included | Excluded |
| Equipment breakdown floater | Excluded | Included | Excluded | Excluded | Excluded |
| Inland marine insurance floater | Excluded | Excluded | $10,000 | Excluded | Excluded |
| Employee dishonesty floater | Excluded | $5,000 | $2,500 | Included | Excluded |
Commercial property insurance for bands is a type of insurance policy that provides coverage for the physical assets of a music band, including their instruments, equipment, and other property used for musical performances.This type of band insurance policy is crucial for bands that rely on their gear and equipment to make a living.
Coverage limits for commercial property insurance for bands can vary depending on the specific policy and the needs of the band. Typically, coverage can include protection for theft, damage, loss, and destruction of instruments and equipment. The limit you select can usually range from $300,000 up to $1,000,000. Some policies also offer coverage for loss of income due to equipment failure or damage.
Theft or loss of instruments and equipment
Damage to instruments and equipment
Fire, flood or natural disasters damaging the instruments and equipment
Equipment failure leading to cancel gigs and loss of income
Business interruption coverage–Provides coverage for lost income and other expenses incurred as a result of a covered loss, such as a fire or natural disaster, that causes your band's business operations to be temporarily shut down
Equipment breakdown coverage–Cover for the cost of repairs or replacement of your band's equipment due to mechanical or electrical breakdown
Spoilage coverage–If your band uses perishable items, such as food or drink items, in your business operations, you may need to add spoilage coverage to your policy to protect against losses due to spoilage or contamination
Commercial property insurance for bands covers the physical assets of a band, including instruments and equipment. General liability insurance, on the other hand, covers bodily injury and property damage caused by the band or its members. Both types of insurance are important for a band to have, but they provide different types of coverage.
