Artists or Artrepreneurs need to protect their assets and businesses from liabilities that could arise during the normal course of their business operations.
Artist Insurance provides three types of coverages that every artist must have:
Commercial General Liability Insurance
- You could be sued for medical or other damages when visitors to your studio or gallery injure themselves on the premises.
- Sometimes you may have to work in offsite locations, such as cafes or temporary public art projects.
This policy offers protection from third party damage to property or injury, caused by you or your employees.
Professional Property Insurance
Art gadgets, camera gear and other expensive electronics could get damaged in the course of your work.
Professional property insurance pays for cost of repair or replacement.
Professional Liability Insurance or Errors & Omissions Insurance
Sometimes being creative, imaginative or innovative does not produce the desired results, at-least not in the eyes of dis-satisfied customers, and you could end up being sued by them.
This policy protects you from claims arising out of real or alleged accusations that cause harm or loss to your clients.
Coverage also extends to copyright and trademark infringement.
Other types of related insurance – Art Exhibit General Liability