So if you're any bit like me, you're, probably sick of hearing that you need insurance for everything. Well, what about artists' insurance? Now that really sounds like something that could be a scam by an insurance company trying to profit off of something that will never happen to you.
Well, I did a little bit of research on this topic and I was surprised at what I found out so today. I'm, going to be sharing with you, some of the information that I gathered on this topic to help you decide if artists insurance is something that you should get before we begin I want to let you know that the sculpting drapery tutorial is Still on its way, we're, just waiting to install that sculpture that I filmed to make those articles.
I also want to let you know that I'm, going to be doing some articles on cool tricks with watercolor painting techniques. That'll, be coming out soon, and this winter I'm, going to do a more in-depth tutorial on the whole process of sculpting and even get into casting into bronze.
So please subscribe to my channel if you want to stay updated with these articles. A new one comes out every Thursday and I've been keeping up on that pretty good, but anyway let's get started with this artist.
Insurance. article. Also one quick disclaimer here I'm, not an affiliate with any insurance company. No ones. Paying me to do this. article. I'm just trying to shed some light on the topic for you. This isn't legal advice.
I'm, not an attorney. This is just trying an article that's. Trying to you know, put some information out there on something that a lot of people don't know about. I'm just getting it from some internet searches talking to people and trying to figure out what kind of policy I can get.
So let's get into it. As you know, the first step in doing any type of research is cowan straight to Google. So let's get over the computer and I'll. Show you what I found on artists' insurance, so the first type of insurance that comes to mind is insurance.
So I did a quick search on that for artists, and I was surprised at how straightforward an answer. I got the first one here that I clicked on. It was a link to an insurance company's website and they kind of laid out what you would need it for it's, mostly covering like an artist studio, and then there are three categories up here now if You have employees that will also be a huge factor in how much it costs.
So here this one's, premises; liability. That means the liability for people that are in your studio, whether they be guests or students. The other one is product liability. That's in case one of your pieces of art hurts someone.
When I mentioned earlier, you might sell a sculpture, it might fall or poke someone or something the other one is completed operations, liability and that one means that if you're commissioned to do a piece and you sued during the project like a public Project they'll cover like the attorney fees and that sort of thing I did the whole get a quote here.
I didn't want to waste my time too much with that. So I just kind of backed out of that part. I don't really want to get into that. So I went back to the Google search and I'm, trying to find out more about cost here to see how much the artist's insurance would cost.
So I just typed in artist insurance instead of business insurance and a lot of what I was seeing and the results was stuff about liability again and then like tattoo shop insurance, that's, not really what I'm.
Looking for, I kind of already got the answers to the liability question, so I went ahead and changed it back to business insurance in the search bar, because I'm, just not finding out really what the cost is here for an artist.
So after typing that - and it came up with a pretty general response - the sole proprietor might pay $ 500 per year for general liability, but a small consulting firm. You know 3,000, so you know whatever that's, not really answering my question still here.
So I needed to search a little bit deeper for this artist's insurance question on the cost. Now I will say that people have mentioned to me that getting a writer on your homeowner's insurance might cover both liability and the cost of replacing your art.
If you & # 39, ve invested a lot of time and money into the pieces you create so on my phone later on during the day I went back and searched more on that, so I was trying to figure out a homeowner's.
Insurance writer, but that would cost for an artist because I've had multiple people. You know suggest that so I'm, trying to figure it out right now and I actually got a really good answer. So how much you're, going to pay to insure your pieces from being lost or stolen depends on the policy that you have.
This is for a coin collection. It's one dollar and fifteen cents for each thousand dollars worth of the collection you're, trying to insure for a guitar collection. It was like a dollar thirty per hundred dollars for guitars, so it varies so that's, a pretty straightforward answer there.
If you're just trying to cover the costs of your pieces in case someone steals them or there's a fire, you know there's a lot of things that could happen. They probably won't, but insurance. You know.
Sometimes it's better, be safe than sorry. So, if you're looking at like $ 3,200 per year, it's, probably worth it okay. So here I'm. Looking at homeowners' liability writer, I don't need to type in for an artist that's, not gonna give me the answer.
Just a liability - and I'm just trying to figure out what I can find here and I went down to all state websites. After reading the recommended one there to try to get some more details on this and they actually gave quite a bit of information on you know what types of liability are covered.
You know. Obviously, if you purposely hurt someone, you know that's, not gonna be covered. I hope no one here is going to do that. Doesn't plan to do that, but you know it says here the example broken porch step.
Maybe someone falls and hurts themselves. The homeowner's rider would cover that or the umbrella policy, which covers a lot more in the insurance here. So I would also be sure to find out if it covers liability for you teaching those classes if you teach art classes or for your studio, or if you can add that honored, maybe you do need a separate policy.
If you do, you'd, probably have to go with the business insurance, but hopefully, you can work it out with the homeowner's insurance rider, but that's, pretty much. What I could find here, I'll, get back to just talking about what I found out from people by just chatting in person.
So, as you can see there, it just kind of laid out some different needs for the insurance. If you're an artist, what kind of situations you could get in so I want to let you know what I kind of figured out talking to other people about this.
You need to understand that if you are teaching a class, maybe it's, not on your own property. You're, going teaching a class at a school and someone is in the classroom and they just happen to fall and hurt themselves or cut themselves on a tool.
You know go to the hospital whatever if there are medical bills for that it's, not a matter of them. Wanting to sue you for those medical bills or blame you for it. It's, a matter of them going to the hospital or a doctor having to pay for all that care, and then they're, probably going to use their medical insurance for that, but their medical insurance company could come after you.
For that money, so the point. The point that I'm trying to get at here is that if something goes wrong and it's going to cost money for whatever reason, no ones. Gon na want to pay for that, and the thing is the person who doesn't have protection is the one that will have to pay for it and that's, just unfortunate thing.
You know that happens to a lot of people, and especially in American society, because we're, a society that has a torque system which - and I mean by that you know - a civil lawsuit system where people sue each other for all kinds of things And it's really easy for people to go after another person or a company to go after another person to collect damages because you know if a company, like an insurance company, already has full-time attorneys.
That's. The job of those attorneys is to go fight. Lawsuits like that, you know, so they're, not losing anything extra by going after people trying to recover money. Also, if another individual tries to sue you because they fell, you know which is really rare, but it can happen, they might have a cousin or an uncle who's an attorney and they might do a contingency basis, lawsuit, which means the attorney basically Says you're, my buddy, or you're, my family member.
If we lose you don't owe me any attorney fees, but if we win, I & # 39. Ll cut the profits with you, which that means. I'll. I'll cut the money with you that we get for damages, so I think that's, why? You really should think about this.
Something you might want to get is because of the liability. You know for teaching or having people around you or if you sell pieces like, I sell bronze sculptures if one of those sculptures falls on a kid or someone pokes their eye with like it's, a pointy part of the sculpture, you know that That could be a reason that them themselves or the insurance company could come after you to try to collect money from you, so that's.
Where you want liability to protect you, I think homeowners insurance should cover that. If you get a rider just call your insurance agent and ask them about it, if you really want you could talk to an attorney about it, then Mike does something, but that's.
Where you get the real answers. I'm just trying to shed some light on it like I said to help you figure out. You know if, if this is something you need to think about, so I will probably get it for sure here.
Since I'm starting to show more of my pieces again, you know - and I want to set up a gallery at some point. You know I definitely want to be protected from liability for that. So, to conclude, I'll.
Leave you with three main points: number one figure out what you would need insurance for your products, your place where you're, showing your work or you're, creating your work or just for general liability pay for classes number two see If you're already covered talk to your homeowner's insurance agent, talk to the school or art gallery where you might be teaching classes, they may provide insurance for you and thanks to Terry for suggesting that my friend Terry told me that you know you should just ask the people at the place where you're teaching.
You know if they'll cover, if they do, though, get it in writing, make sure you have everything in writing so that the worst-case scenario happens. You have something to go back on and say: look we sign a deal here that is legal and binding.
If you sign contract number three talk to a professional, I'm, not the person that can really give you solid legal advice on this. So talk to an attorney or your insurance agent about artist's insurance and they will be able to fill you in on the topic and on the prices.
Well, that's it for today, don't forget to subscribe to my channel. If you want to see more articles that cover topics and art and tutorials that's, it for now, and we'll see you guys next Thursday, you