Insurance

Health Insurance: Now this is something that has changed a lot in the last decade. Not something you will have to think about too much yet. If you are under 26, you fall under that beautiful window of having health coverage until you are 26 through the Affordable Care Act. However, given the current administration, we may seem some drastic changes in the coming months and years. Please pay attention. I cannot tell you enough how important it is to have health insurance.

If you have a job with benefits- great. You lucked out. For many artists however, life as a private contractor means you have to pay your own insurance. This can be pricey. Since the Affordable Care Act, it has become easier to qualify for help with this. The Marketplace and Medicaid have really helped people from falling through the cracks. Most towns and counties have people to help navigate this system.

Don’t put this off!! Find out how much you can afford and get that insurance. I am speaking from personal experience. Before the Affordable Care Act, I got caught in a situation where I almost had to declare bankruptcy due to an unforeseen illness. My credit is still a mess. This has made it difficult to qualify for car loans, home loans- it even made it hard for me to get a job at one point. Almost a decade later, I am just getting back on my feet financially. Just a word to the wise….


Insuring your work

It’s important to insure your work. Now, it may be tricky. Especially early on in your career, when you will likely be renting studio space, or exhibiting in unusual venues, it is important that you protect all your hard work! At the very least, be sure you have renters insurance.

What is Insurance?

Fundamentally, insurance is a way of managing risk. Virtually everything you do in life, and certainly in business, entails some degree of risk. As a general rule under most western legal systems, if you engage in a particular course of conduct, you’re on the hook for the consequences of that conduct. If you incur costs on someone else because of your behavior, you have to pay it back – the law calls that a liability. Another risk you might incur is to our own property – you might break or lose something that is so valuable that to replace it after an accident could impose an undue financial burden.

How to Insure Your Art Collection the Right Way

Art Insurance: Insuring Your Art

The Basics of Insurance for Artists

CERF Studio Protector

Insurance for Art and Artists

Gotcha Covered- Insurance Resources for Artists

5 thoughts on “Insurance

  1. I am incredibly nervous about the day I need to figure out my health insurance because of pre-existing conditions and medications that I need. Should I be looking into Medicaid and what not to figure out what my best options are?

    As far as insuring art work, will renters insurance cover any damages to work ie flooding or a fire?

    • Frankly, you should be nervous Anna. It’s a good idea to start looking into your options, but I’m going to guess you have 4 or 5 more years to go right? The rules are going to change a lot in that time. Pay attention to the news on this subject. I like Kaiser Health News

      When you turn 25, start doing some research. Medicaid is a wonderful thing- I have relied on it a number of times in my life.

      In terms of renters insurance- you want to call the companies and find out the limits of their policies. They are all different. Essentially- you get what you pay for. It”s ok to purchase renters insurance online for your apartment- most people have the same kind of stuff and the insurance companies are pretty good about paying out in case of a flood or a fire. Art work and art equipment on the other hand is tricky. It’s hard to prove the value of art work- it’s a headache and lots of phone calls. Equipment is a little easier. Keep an inventory of your work- and your stuff. And keep a record of your sales.

  2. I learned about how museums cover at least a portion of items with insurance but not always the most valuable artworks. What are the best methods for picking an insurance company?

  3. I learned about different aspects of art and art business to ensure and I was surprised to learn that you can ensure your art tools and equipment. I also learned the first steps to ensure artwork.

  4. I Learned about archiving my work to prove that it is mine and to have art work appraised about once a year for insurance companies. When during my carrier would it be a good time to start paying insurance for my art?

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