Artist Insurance

Artist insurance provides comprehensive coverage to protect you and your business from unforeseen risks. A comprehensive artist insurance package typically includes the following:

• Commercial General Liability (CGL) Insurance: CGL, commonly referred to as “slip-and-fall” insurance, is an important part of protecting you and your business from everyday mishaps. It protects against third-party bodily injury and property damage claims and provides financial support for accidents and negligence.

• Commercial Property Insurance: Commercial property insurance can provide financial coverage for physical loss or damage to your property. Whether you rent or own your studio space, commercial property insurance covers an insured peril, or an accident covered by your insurance policy. That includes damage or loss of art supplies and materials from perils such as theft, fire, flood, vandalism, and extreme weather.

• • Installation floater: An installation floater is an add-on coverage that will cover the cost of any damage to your property that is being installed at a client location. This includes during transit, before installation, and while your property is installed.

• Equipment Breakdown Insurance: Equipment breakdown insurance is vital for small business owners, such as independent artists, who use expensive equipment to produce their work.

• Cyber Liability Insurance: As an artist, you most likely display your artwork online and in person. Cyber liability insurance protects you and your business if your online business systems are hacked or breached.

Optional coverage:

• Professional Liability Insurance: Also known as errors and omissions, professional liability insurance protects you against claims that a service you provided led to financial loss, whether because of negligence, misconduct, or failure to deliver a service as promised. For example, a client feels the painting they purchased from your website wasn’t as advertised, so they decide to sue. Your professional liability insurance may cover the cost of your legal fees.

• Event Liability Insurance: If you host an art exhibition at a rented venue or public space, event liability insurance is necessary to cover third-party bodily injury and third-party property damage claims. For example, if one of your attendees falls and is injured or their mobile device is damaged, event liability insurance may pay for their medical expenses or damages to their mobile device. When renting a venue to host your exhibition, the venue owner will typically require you to have event liability insurance.

The amount of coverage an artist should consider depends on the nature of their work and their process