Professional Musician's Insurance
If you make your living from or receive an income from playing a musical instrument then you need professional insurance coverage. Personal insurance policies such as a Homeowners or Tenants policy offer little or no protection.
GNK Insurance Services Inc. has been insuring professional musicians in British Columbia for over 20 years. We are music insurance specialist and have a wide-range of coverage(s) available.
All Risks Insurance
We offer two programs for music professionals: one for members of Vancouver Musicians Association Local #145 and; one for Non-Members. For more information or to submit an application:
Click here for members A.F. of M. Vancouver
Click here for non-union members
Questions & Answers
What is “All Risks” insurance?
The policy is referred to as an "All Risk" policy. This means that unintentional damage caused by anything that is not specifically excluded will be covered. So, fire, lightning, theft, vandalism, damage caused by vehicles or aircraft, windstorm, and accidental breakage are all covered perils. Earthquake damage is even covered.
Some exclusions include loss from or by:
Normal wear and tear
Marring or Scratching
Infidelity or Dishonest Act
Theft from un-locked vehicles
Damage sustained while being worked on
**Subject to policy terms, limits, conditions and exclusions.
Is my instrument covered in transit?
Yes, this means that you will have coverage away from your home or studio, while in transit over land, sea and water.
If my instrument is lost or damaged can I rent a substitute to keep working until I get a new one?
Yes, (Union Members Only) in the event of insured loss or damage to the musical instrument insured we will pay the extra expense to rent a substitute of like kind and value up t to $2,500, so you can continue playing.
How much coverage is there for new purchases?
On the condition that you report additional purchases within thirty (30) days, newly acquired musical instruments are automatically covered up to 25% of the total amount of your insurance schedule (Maximum $25,000) for 30 days.
Do I need appraisals?
New instruments under one year old are covered for full replacement value based on your bill of sale. Older instruments are covered for replacement cost based on valid *appraisals done within the past three years. You will be paid the actual cash value, if the equipment is not replaced. Your instruments will be valued at replacement cost, if replaced. Replacement items are to be substantially identical to what was stolen or damaged. If an item is no longer being made, a similar item that performs the same functions will be allowed.
*For instruments over one year old you need to have an appraisal to substantiate the replacement value. We recommend you have your instruments appraised for insurance replacement value (including taxes) annually. Your insurance values must be kept up to date to avoid co-insurance penalties.
What does Liability Insurance Cover?
The Commercial General Liability (CGL) coverage covers you against lawsuits arising due to bodily injury or property damage to others by your negligence. Optional Tenants Fire Legal Liability insurance covering premises you rent is also available.
When do I need Tenant’s Liability coverage?
If you are renting a venue for a performance, this insurance will protect you if you cause a fire at the venue. In addition, check your rental agreement. You may be required to carry a Comprehensive General Liability policy as well.
How do I make a claim?
It is critical that all claims be reported immediately. Failure to report a claim promptly can result in a breach of policy conditions, resulting in a lack of coverage. Important: If an item is stolen or misplaced, a police report MUST be filed. A list of all missing items needs to be included, along with serial numbers, if any. If you are not able to obtain the report immediately, please submit the police report number.
Report all claims to GNK Insurance as soon as you can. Our Vancouver office numbers are:
After Hours Emergency Phone: 604-891-1912
IMPORTANT NOTICE: All information contained on this web-site is for information only and is subject to the actual policy wordings.