Theft insurance in a third part premises

by **Chinagraf** » Fri Oct 16, 2009 3:49 pm

Any of you guys have a room in another company's place? ie - I have a mix room with an overdub room off the side. It's in a building that is leased by another studio. They have 3 rooms in here as well. I am like a resident with my own company and gear.
I'm having a bit of trouble getting decent theft contents coverage because although the building has alarms with back to base monitoring, it is a 'third party premises' and therefore I'm not in complete control of when people come and go, and rely on others to turn the alarm on if I'm not the last one here. So I can get full cover for fire/flood etc, but for theft I can only get a bit under 10% of the value of the gear in my room.
Up until today I was supposedly covered by the other company's contents, but in a different conversation with their insurer it came up that my gear isn't covered because they don't own it.
Not looking for figures or anything private, maybe just any names of insurers that might be worth talking to. Putting my own alarm system in my room isn't an option.
Thanks

by **TimS** » Fri Oct 16, 2009 4:14 pm

http://www.duckforcover.com.au/index1.html
might help Andy..

by **Text_Edifice** » Fri Oct 16, 2009 4:20 pm

Hey Tim,

my understanding was that Duck for Cover was just for public liability?

"Duck for Cover holds two policies on behalf of its members: a Public Liability policy and a Personal Accident policy. When you are accepted as a member of Duck for Cover for the current year, you are automatically covered under Public Liability Insurance and have the option to be covered under Personal Accident policy for a small additional sum."

Also note that

"The policy expires 4 pm, 12th August 2010 â€“ regardless of when you join." EDIT: actually ignore this, it's just when their policy runs out and you need to renew...

What about a 'floating' gear policy? Think Marsh offer something like this â€“ basic idea is that the gear is covered regardless of where it is in the world.

by **Chinagraf** » Fri Oct 16, 2009 4:46 pm

I've thought about a floating cover but the total sum I need cover for is a fair bit even without my console, plus the gear never moves except for the odd thing I take to a session somewhere else once in a blue moon.. I already have public liability etc as I'm a P/L.
Funny thing is I have higher theft cover at home without back to base monitoring. It's a lot of gear to take home each night though... :P

by **Chinagraf** » Fri Oct 16, 2009 5:54 pm

Update - after mucho phonage the problem has been solved which means I won't have to sleep outside the studio in my car all weekend. Thanks for the input.
Cheers.

by **The Tasmanian** » Fri Oct 16, 2009 6:00 pm

I suggest anyone looking for insurance to get a broker who specializes in the entertainment industry - they shop around for you, find the safest options, deal with all the fine print and when it comes to make a claim they step in for you and handle it all.
Can help one with sleeping at night

by **Text_Edifice** » Fri Oct 16, 2009 6:03 pm

Hey Chris,

any suggestions?

by **The Tasmanian** » Fri Oct 16, 2009 6:13 pm

I will find out who does BJB insurance
He is a really down the line guy - does Big Day Out/ most of the Festivals/ Silverchair and a lot of big bands - and studios as well (Sydney based I think)
He explains all the bullshit too!
It is really nice when a claim comes along for someone to deal with it at no cost to you.

by **13thbeach** » Fri Oct 16, 2009 9:47 pm

Good timing. Please do Chris. I'll be looking into this early next year when it comes time to move all my gear into my new place. Any info would be handy.

by **The Tasmanian** » Sun Oct 18, 2009 7:33 am

I'll find out Monday

by **TimS** » Sun Oct 18, 2009 7:46 am

Thanks Dave - I actually meant to write Marsh!!
Dont know why I posted DFC link.. DOH!!!

by **The Tasmanian** » Wed Oct 21, 2009 11:51 am

OK - the insurance broker we use is Ian Stack at Action Insurance
Studio/band/festival/muso insurance
Top guy too!
Ian@actioninsurance.com.au

by **tunetown** » Wed Oct 21, 2009 12:08 pm

The Tasmanian wrote:OK - the insurance broker we use is Ian Stack at Action Insurance
Studio/band/festival/muso insurance
Top guy too!
Ian@actioninsurance.com.au

+1 on Action.
Ian works hard and offers excellent service.
There's nothing he can't source.

by **Ben M** » Wed Oct 21, 2009 1:27 pm

+ 1 for Marsh. I use them and it was very easy to set up.

by **TimS** » Wed Oct 21, 2009 1:55 pm

Thanks for the tip on Action Chris - and to Pete for the thumbs up too..

Theft insurance in a third part premises

Theft insurance in a third part premises

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