| You may well be proud of your studio as a | | | | - and that is where studio insurance may be able |
| source of revenue and or inspiration but it could | | | | to help. |
| also be a source of financial catastrophe unless | | | | This form of protection comes from a range of |
| you have studio insurance. | | | | individual policy cover providing: |
| Studios and people tend to go together and | | | | Employers' liability insurance (if required);contents |
| wherever you have people you have the risk of | | | | cover;product liability insurance;public liability |
| accidents and problems of many different sorts. | | | | insurance;professional indemnity insurance. |
| Unfortunately somebody that trips over a chair or | | | | If your premises is your own, then you will need |
| cuts themselves badly on a projection from a wall | | | | to consider what type of commercial buildings |
| may not be inclined to just shrug their shoulders | | | | insurance you will need, too. These type of |
| and get on with life - they may look to you to | | | | policies are often bought independently from a |
| 'pay up' in terms of compensation. | | | | business insurance policy. |
| Then you have your studio and its contents. | | | | It may be useful to remember that your liability |
| Perhaps you have expensive equipment or the | | | | for people working on your behalf is not limited to |
| results of your labours around - whichever is the | | | | formal 'employees' with a contract of |
| case you probably won't be amused if it goes up | | | | employment. Under some circumstances if you |
| in smoke due to fire or is written-off due to a | | | | are using temporary or contract staff, or even |
| flood etc. Natural disasters can happen anywhere | | | | friends acting as unpaid helpers, you may be liable |
| at any time - including to your studio. | | | | for any injuries they sustain while progressing |
| If you are producing things in your studio for your | | | | work on your behalf. |
| customers to purchase, remember that if it is | | | | So, if you don't like taking huge risks, studio |
| considered to be a 'product' you may equally be | | | | insurance may be for you. If can't stop an |
| liable if it is faulty or causes customer injury | | | | accident or other problem from happening but it |
| post-sale. | | | | may protect you from the worst of the financial |
| All things considered, your studio creates risks for | | | | consequences. |
| you that may involve you in very significant cost | | | | |