Annual Vs. Event Artist Insurance Which Is Best For You?

Annual Vs. Event Artist Insurance Which Is Best For You?

Regardless of where you are in your career as an artist, you need to carry artist insurance[d]. It gives you credibility as you establish your business and keeps you safe from the financial implications associated with injury lawsuits and third-party claims. Simply put, if you’re selling your art, you are at risk of a lawsuit—no two ways about it.

The question is not whether or not you need insurance, but rather, what insurance is right for you? Let’s say you’re new to the game and you’re only just now exploring your options in selling your art. If this is the case, do you really want to purchase an annual plan? What if you only sell at one show?

Alternatively, if you’re a seasoned vet and are a regular at events and festivals, you’ll want to make sure you have the most robust coverage possible to protect your business operations. A short-term plan won’t cut it for you.

ACT has an insurance solution for artists at all stages of their careers. We’ll break down our coverage options to help you find what suits you and your business best.

What Does ACT Offer?

ACT has two main plans: an annual plan and a 1–3 day event plan. Based on your business needs, you can even add additional coverages. We’ll cover some of the highlights of the plans. Let’s start with ACT’s Annual Coverage.

The Annual Policy

With an annual plan from ACT, you’ll get the following:

General Liability Aggregate Limit

The most your policy will pay in a 12 month policy period for bodily injury and property damage claims that you become legally obligated to pay due to your business services.

$2,000,000
Products-Completed Operations Aggregate Limit

The maximum amount your policy will pay in a 12-month period for bodily injury and property damage claims arising out of the insured's products or business operations conducted away from the insured's premises once those operations have been completed or abandoned.

$2,000,000
General Liability Each Occurrence Limit

The maximum your policy will pay for a bodily injury or property damage claim that you become legally obligated to pay due to your business services.

$1,000,000
Damage to Premises Rented to You Limit

Applies to damage by fire to premises rented to the insured; also applies to damage regardless of cause to premises (including contents) occupied by the insured for 7 days or less.

$300,000
Business Personal Property Limit (Per Article)

Business Personal Property covers tangible property that is movable or transportable in nature (e.g. supplies, equipment, or inventory) but excludes coverage for structures and items that are part of the structure.

$5,000
Business Personal Property Aggregate Limit

Business Personal Property covers tangible property that is movable or transportable in nature (e.g. supplies, equipment, or inventory) but excludes coverage for structures and items that are part of the structure.

$10,000
Business Personal Property Deductible

Amount of money that the insured must pay before ACT Insurance will pay a claim.

$250
Optional Professional Liability Per Occurrence Limit

Professional Liability Coverage protects your company against claims that a professional service you provided caused your client to suffer financial harm due to mistakes on your part (errors) or because you failed to perform some service (omissions).

$100,000
Optional Professional Liability Aggregate Limit

Professional Liability Coverage protects your company against claims that a professional service you provided caused your client to suffer financial harm due to mistakes on your part (errors) or because you failed to perform some service (omissions).

$200,000
Optional Professional Liability Deductible

Amount of money that the insured must pay before ACT Insurance will pay a claim.

$1,000

Only seeing a jumble of words and numbers? Let’s decode the table a bit.

  • General Liability protects your business in case of an accident or injury resulting from your negligence. Let’s say someone walks into your booth and trips over a cord or box that you’ve left out. If they get injured, they can sue. General liability insurance protects you in the case that something like this happens. ACT’s annual plan will provide up to $2 Million in coverage over the policy term.
  • Products-Completed Operations coverage protects you if the products you use to perform your services cause injury or property damage.
  • Business Personal Propertycovers tangible property that is movable or transportable—your supplies, equipment, and inventory, for example. This coverage protects you if your equipment gets lost or stolen while you’re on your way to or from an event. Also, note that this coverage is only available with an annual policy.
  • You’ll also have the option to add Professional Liability coverage, which protects you if a service you rendered was not completed as expected or if advice or opinions you give end up being incorrect or harmful.

Here’s the best part: ACT’s Annual Plan starts at just $265. That averages out to about $23 per month. That’s all you need to protect yourself from third-party claims that could range into the tens of thousands of dollars.

Of course, you may not need a full year’s worth of coverage. Maybe you’re just getting started and are going to one or two festivals to see if this whole art business is worth pursuing. If you’re in a situation like this, ACT offers a short-term event plan. Here are the details:

The Event Policy

Much of what you’ll get with the annual plan is also included in ACT’s Event Policy. You’ll still get the same general liability limits and coverage for your premises.

Another perk of the Event Policy is that you can customize its length to meet your needs. If you’re only doing one show, you’ll only need to buy a 1–3 day plan, which costs just $49.

Additionally, you can also purchase plans for 4, 5, 6, or 7 days, depending on the duration of your event, with prices ranging from $49-$89.

If you’re in need of coverage for a few months but not for a whole year—for example, if you only sell seasonally, and just need a policy for the summer months—you can even buy a 90-day policy for just $89.

Whatever your business needs, ACT has an artist insurance coverage option for you.

Get Covered Today!

Finding the right insurance doesn’t need to be difficult or expensive.

If you have an event coming up and just want artist insurance for a few days, we have coverage for that.

If you’re operating seasonally and need coverage for a few months, we have a policy for you as well.

If your business is up and running and you need it to be protected for a full year, ACT has your back.

In 10 minutes or less, you can get covered online and have immediate access to your policy documents. No need to worry about messy paperwork or long wait times. Don’t let your business remain at risk—get artist insurance from ACT today.

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Contact us

ACT INSURANCE
(Artists, Crafters, & Tradesmen)
260 South 2500 West Suite 303
Pleasant Grove, UT 84062
P: 844.520.6991
info@actinsurance.com

Testimonials

Stacey B. - Maine

"This is a great way to obtain insurance for trade shows. Online purchase is very convenient and affordable. I so appreciate your quick response in getting me set up."

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