Whether you sell, rent, and/or service musical instruments and related accessories, you need insurance to protect the business you’ve worked so hard to build. We offer personalized Musical Instrument Shop Insurance, including General Liability, Property, Crime, Business Auto, Workman’s Comp, and more.
Besides your inventory of instruments for sale or rent, you may also be in possession of instruments owned by others brought in for cleaning, maintenance or repair. You could be held responsible if someone is injured or suffers property damage while on your property. For example, a customer or other visitor can slip and fall resulting in injuries, or an electrical instrument could be damaged by faulty electrical wiring. Completed operations pays to defend against any legal accusations that come up after you have provided services. If employees visit customers’ homes to repair larger instruments such as pianos, there is a chance they could damage a customers’ property. In addition, repair shops could be liable if instruments are not repaired correctly and cause an injury or property damage to customers. Personal and Advertising offers protection against claims of slander, libel or copyright infringements in your marketing products.
If you have one or more employees, Workers’ Compensation insurance is required in all 50 states. Employees are at risk of injury due to the large, heavy, and/or awkwardly-shaped instruments and accessories in your store. Workers in musical instrument stores may suffer from injuries tripping over or while lifting musical instruments.
You and your employees may or may not make deliveries, but you very likely use a vehicle for business errands, If musical instrument store workers visit customers’ homes or workplaces, then automobile accidents are a concern. If your employees use their personal vehicles for these tasks, you can purchase non-owned auto insurance coverage to protect your business from liability.
Damages to your store caused by fire, vandalism, natural disasters, faulty wiring or plumbing or severe weather can bring your operations to a halt. The property kept inside your store that is damaged or lost is also covered. The instruments in your store are likely your most valuable assets so you want to make sure they’re covered for damages that can occur in a variety of ways. Stringed and wooden instruments, for example, are highly susceptible to damage caused by extreme fluctuations in temperature and humidity. All musical instruments are subject to vandalism, fire, and damage.
Embezzlement and theft of property by employees of your musical instrument store are covered by crime insurance. And computer savvy dishonest employees can bypass your security controls to steal funds.