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Recording
Studio Insurance
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In today's highly
competitive business environment you need every advantage to succeed.
That's especially true when it comes to selecting your business
insurance. Recording studios are unique and shouldn't be insured like
other businesses. In order to meet these specific needs, we have created
a special recording studio package that broadens and increases coverage
where studios need it most. Our goal is to provide more for the
insurance dollar than any of our competitors. Recording studios have unique coverage
concerns for which specific policy forms have been designed to
accommodate these exposures.
Our comprehensive insurance portfolio gives
you the ability to combine broad property, liability, commercial auto,
and umbrella coverage.
Coverage Highlights
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Building and Structures – covers
materials, equipment, supplies, additions, and new construction
within 1,000 feet of premises.
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Equipment Coverage
– protects you against
a loss concerning owned, borrowed, rented, or leased tools and
equipment.
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EDP Equipment Coverage - a base level of protection has
been built into the policy and includes the option to increase the
level or schedule high value equipment.
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Business Income and Extra Expense
– 12 months’ actual loss sustained; no waiting period; may be
excluded for premium credit. |
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Newly Acquired or Constructed
Buildings – $500,000 with 180 days to report;
no percentage limitation. |
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Employee Dishonesty - $10,000, increasable up to $250,000
Optional, limits of $10,000 up to $125,000.
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Glass Breakage – full coverage;
limited coverage ($500 pane/$1,000 occurrence) available for premium
credit; property
deductible can be eliminated as an option.
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Accounts Receivable Coverage
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protects you from
losses caused by damage to your re c o rds which prevents
you from collecting money owed you by customers. |
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Outdoor Property – covers fences and walls up to $2,500, may be
increased up to $250,000; signs up to $5,000, may be increased up to
$100,000; trees, shrubs, plants, and lawns up to $10,000, $1,000 per
item sub-limit.
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Back-up of Sewers and Drains – covered; may be excluded for premium credit.
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Optional Coverage
- Automobile
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Boiler &
Machinery
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Directors and Officers – for damages resulting from “wrongful
acts” and reimbursement of
loss and claims expenses.
- Additional Insureds
- Errors & Omissions Coverage
- Umbrella Policy
Workers Compensation
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Eligible exposures:
Establishments that
provide clients with facilities, recording equipment, technicians and
materials such as tape in order to record material that the listener
will hear when playing the recording. A Burglar and Fire Alarm is
required.
Ineligible operations:
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Compact Disk
Manufacturing |
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Media Storage
Centers |
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Phonograph Record
Manufacturing |
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Videotaping Services |
Related Classifications:
- Musical Instrument
Stores for establishments retailing new musical instruments &
similar supplies
- Stereo Equipment
Stores for establishments retailing stereo systems and compact disc
players
- Tape, Compact Disc &
Record Stores for the retailing of new pre-recorded audio and video
tapes & compact discs
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Long recognized for delivering superior service, St. Paul Travelers and
Allen Financial Insurance Group support policyholders through its global
network of loss control and claim professionals. Our loss control
specialists have a deep knowledge of the entertainment business. They
identify potential hazards and help mitigate or prevent losses. They can
provide invaluable advice in fire prevention, disaster recovery
planning, equipment maintenance and premises safety.
In a rush?
Call 800.874.9191 for an immediate quote. |
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Insurance Definitions |
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