Music Artists’ Insurance
Musicians insurance costs $300 – $600 per year for $1 million general liability coverage. It covers accidental damage, loss, theft of instruments. Extensions cover earnings loss, equipment hire, breakdown. It protects home insurance no claims discount.
Health Insurance Options
Health insurance options exist for musicians. Consider employer-sponsored plans, state plans, free clinics, help from musicians’ organizations and unions. Major labels may provide coverage.
Record Labels and Life Insurance on Artists
French Montana says that record labels have begun taking out life insurance policies on their artists, following the disturbing number of rappers that have been slain in recent years. Labels may provide coverage. Check if unions you belong to help with referrals. Liability insurance helps if someone gets injured during performance or lesson. Accidents happen. Coverage helps safeguard against risks. Moreover, musicians travel extensively for gigs and tours. Music insurance covers various industry risks like property damage, liability claims, business interruption losses. Rates vary based on coverage purchased. Consult a specialist to ensure adequate, affordable protection.
French Montana revealed during an interview that labels have started taking out life insurance policies on their signees because of the rise in deaths.
In some rare cases, record label life insurance may choose to provide insurance to their artists to protect their investment or reputation. Life insurance policy can provide benefits for artists and their families in the event of the artist’s death.
Do recording artists have health insurance?
Musicians have limited health insurance choices. Some organizations offer plans: AFTRA, AFM, NARAS, BMI, ASCAP. The Artists’ Health Insurance Resource Center directs musicians to state plans, free clinics, more help. The American Association of Independent Music (A2IM) added health insurance availability to its $99/year Artist Pro membership.
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