25 November 2021

Do I Need Studio Insurance?

By Performance

Studio insurance will protect your businesses laptops, devices, materials and workspace against a range of losses – but do you really need it?

The answer is yes.

What if your studio was flooded, or damaged in a fire which spread from next door? Or what if your latest project unexpectedly got deleted? What about your equipment which costs thousands to replace as new?

Whether you are the owner of an animation studio, TV studio, video studio or recording studio, the risk of going uninsured could put your business on the line. Insurance is here to protect you when the unexpected happens and the unthinkable occurs.

Studio insurance isn’t just for big production companies; even smaller businesses should have protection in place for their equipment, multimedia and liability risks. There is also the consideration of protecting yourself against professional negligence, unintentional copyright infringement and defamation/libel.

The most common types of cover that you should look to have in place include:

  • Accidental damage, accidental loss and theft of your equipment
  • Mechanical/electrical breakdown of your equipment
  • Public Liability
  • Employers’ Liability
  • Professional Indemnity
  • Multimedia Indemnity

We also think it’s a good idea check the process there might be in the event of a claim,  you may need to consider things like keeping original receipts/invoices prepared in case your equipment is damaged or stolen.

Learn more about Studio Insurance

For more information on studio insurance, please get in touch by calling us on 020 8256 4929 or emailing gareth.graham@performance-insurance.tv