Music entrepreneurship allows musicians
independence and control over their careers, but also
carries the risk of poor success or failure. Among
other costs, it implies specific investments in musical
instruments, studio equipment and non-musical
auxiliary equipment that can be endangered by diverse
damage or loss. Musicians may be exposed to claims due
to their civil liability to third parties – class participants,
guests, visitors and persons engaged in the organization
and security of the concert, etc. Musicians can best
achieve financial protection of their material interests
through insurance. Therefore, this paper discusses
several aspects of insurance of musicians, accepted
concepts and content, insurance subjects, covered and
excluded risks and damages under insurance conditions
and business practices of the British insurance market.
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