Hey guys,
I'm an insurance broker when I'm not on TB (hehe) and what panama said was pretty spot on. I'm not sure about the whole tax thing, but that's something Revenue Canada would deal with rather than insurance.
I made a few phone calls to the insurance companies I deal with and none seem to take professional use music equipment. This doesn't mean other personal (home & auto) insurance companies won't take it but it's looking as though you'll have to look for a commercial property policy (such as a business would). This won't be that much more expensive and the coverages will be much broader - including optional lost wages amongst others.
If you're looking for a rough idea, I spoke to someone in our comemrcial deptartment and they need to know the following.
Limit (total amount of insurance needed in $)
Description of use (ex: 3 nights/week bar gigs, corporate functions 2 per month)
Location primarly kept & description (ex: jam spot in house basement)
Where is the equipment taken (Ontraio, Canada, North America or World-Wide)
If you email that to
[email protected] I can forward it to my contact and she can give you a rough idea of what you'd be looking at.
I tried writing this in a way to not sound like a sleazy insruance guy trying to sell you insurance, hope it came through that way.
Anyway if you had any questions, shoot me an email and I can give you my work number.
Hope this helps!
Also, if you knew a good teacher in the Ottawa area, I'd love to hear from you!
Thanks!!
