The Bearded Baron Posted March 28, 2016 Share Posted March 28, 2016 [color=#141823][font=helvetica, arial, sans-serif]Hey there fellow keepers of the low end, [/font][/color] [color=#141823][font=helvetica, arial, sans-serif]I'm currently in the early stages of trying to set up my own business as an insurance broker specialising in the music industry. As part of the process I need to conduct some market research in the needs and viability of the business. [/font][/color][color=#141823][font=helvetica, arial, sans-serif] If any of you fellow musos are able to assist in taking a couple of minutes to complete the attached questionnaire and email it to [email protected], it would be much appreciated, I have also set up questionnaires on Google Forms if you would prefer to do it this way.[/font][/color] http://goo.gl/forms/n2tImr6H3L - Venue/Shop http://goo.gl/forms/5hReuqc64C - Musician/Performer [color=#141823][font=helvetica, arial, sans-serif]We would look to cover musicians (from the hobbyists to seasoned pros), venues, manufacturers, tutors, shops, festivals, etc. As well as covering the equipment and liability side I want to be in a position to be able offer decent rates [/font][/color][color=#141823][font=helvetica, arial, sans-serif]for the more standard insurances too (ie car/van, home), and also branching out to cover other entertainers.[/font][/color] [color=#141823][font=helvetica, arial, sans-serif]Many thanks for your time, and assistance.[/font][/color] Quote Link to comment Share on other sites More sharing options...
EBS_freak Posted March 28, 2016 Share Posted March 28, 2016 (edited) As a descendent from a family insurance brokers business, Id say don't do it. The bottom has dropped out the market with the big boys concentrating on putting all the small fish out of business. As a niche market, musicians can't pay to put petrol in their cars to get to gigs, so why are they going to bother with insurance? Edited March 28, 2016 by EBS_freak Quote Link to comment Share on other sites More sharing options...
EmmettC Posted March 28, 2016 Share Posted March 28, 2016 As a pretty busy musician, with nice gear, I have insurance, but most of the musicians I work with don't. I'm sure if someone made it easy for them they would get it, but it's too complicated for most people to bother. I do wonder how many people are gigging enough to merit getting insurance though? Filled out the survey though. Quote Link to comment Share on other sites More sharing options...
MacDaddy Posted March 28, 2016 Share Posted March 28, 2016 My insurance is free with the MU. Quote Link to comment Share on other sites More sharing options...
The Bearded Baron Posted March 28, 2016 Author Share Posted March 28, 2016 [quote name='EBS_freak' timestamp='1459176215' post='3014130'] As a descendent from a family insurance brokers business, Id say don't do it. The bottom has dropped out the market with the big boys concentrating on putting all the small fish out of business. As a niche market, musicians can't pay to put petrol in their cars to get to gigs, so why are they going to bother with insurance? [/quote] [quote name='EmmettC' timestamp='1459177978' post='3014151'] As a pretty busy musician, with nice gear, I have insurance, but most of the musicians I work with don't. I'm sure if someone made it easy for them they would get it, but it's too complicated for most people to bother. I do wonder how many people are gigging enough to merit getting insurance though? Filled out the survey though. [/quote] Thanks for the comments guys. Wanted to do something to combine my passions for music and insurance (sad, I know). Not overly interested in becoming rich from the business, just comfortable, and ideally in the not-too-distant future, be able to invest back into the industry and support the 'grass-roots' (to coin a football-y term) part of the industry. One of the reasons I want to have the insurers available to offer the more standardised insurance is so I can help others not affiliated with music at all, but the music/entertainment industry will be the main focus of the business. Still early days yet so still refining/defining the idea and services we'll offer. Quote Link to comment Share on other sites More sharing options...
The Bearded Baron Posted March 28, 2016 Author Share Posted March 28, 2016 [quote name='MacDaddy' timestamp='1459180818' post='3014179'] My insurance is free with the MU. [/quote] Another reason why I'm also looking at doing the more standardised insurances. Quote Link to comment Share on other sites More sharing options...
Telebass Posted March 28, 2016 Share Posted March 28, 2016 [quote name='MacDaddy' timestamp='1459180818' post='3014179'] My insurance is free with the MU. [/quote] This. Quote Link to comment Share on other sites More sharing options...
Roger2611 Posted March 28, 2016 Share Posted March 28, 2016 Don't insure, probably should but the lack of insurance does make be extremely careful of where gear is at any point whenever it is out of the house Quote Link to comment Share on other sites More sharing options...
fretmeister Posted March 28, 2016 Share Posted March 28, 2016 I insure with Allianz as I know they'll pay out, and I'm an Equity member so my PL needs are covered. Quote Link to comment Share on other sites More sharing options...
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