The Art Biz ep. 7: 4 Levels of Business Insurance for Artists
Business insurance!
That’s our topic for this Art Biz Podcast.
Listen in as Claudia McClain, founder of HomeBusinessInsurance.com, addresses the various levels of an artist’s career and the kinds of insurance you need at each point.
You never think about business insurance until someone asks to see your certificate of insurance or, more likely, until it’s too late. Until something bad has happened.
If you are an artist selling your art and you don’t have a specific policy for your business, this episode is for you. Refrain from clicking the Play button at your peril …
Level 1: Homeowners Insurance Only
This is the earliest phase in an artist’s career and is for hobbyists only. You’re making art just for yourself, not to sell.
At the point when you start selling, you are considered a business by the IRS and must take additional steps to protect your business.
Level 2: Incidental Business Occupancy Endorsement
This is a very affordable option for your home studio, which is tacked onto your homeowners’ policy.
It doesn’t cover the instances when you take your art outside of your home, and it might not cover liability when you have visitors to your home studio. That’s when you need …
The Art Biz ep. 7: 4 Levels of Business Insurance for Artists Read