What insurance do I need as an artist?

What insurance do you need as an artist in Australia depends on your activities, but essential insurances are public liability, property and transit for artworks, and income protection. Public liability $10M to $20M is most important if you exhibit, sell at markets, teach or have studio open to public, covering injury or property damage to third party caused by your art, costing $300 to $600 per year and required by galleries and councils. Product liability is needed if you sell ceramics, jewellery, candles or cosmetics that could injure someone, often bundled with public liability. Property or studio insurance covers your art materials, equipment like kiln, easel, computer and finished works against theft, fire and flood in studio, $300 to $800 per year for $50K cover. Fine art transit insurance covers artworks in transit to gallery, exhibition or buyer against damage and theft, costing 1% to 2% of value per transit or included in artist pack. If you teach workshops, you need teaching liability. If you work on commission at client premises, you need professional indemnity for faulty advice or design errors. If you employ assistants, workers compensation is mandatory. If you cannot work due to injury, income protection and personal accident cover $30 to $80 per month is wise. Many artists get combined package via NAVA via Aon, Duck for Cover or Guild offering public liability plus property and transit for $400 to $800 per year, which is tax-deductible.