|Tip: Resolve to Cover Your A’s|
Resolve to Cover Your A’s – Art, Assets, and Archives
You've made great resolutions to advance your art career in 2015, but here’s one resolution every artist can quickly check off the to-do list in less than an hour! Resolve to visually record your art business inventory. Let's get started!
“I recommend any artist do a yearly inventory of tools and materials. The time you will save, and peace of mind earned, will be well worth it,” says New Jersey wood carver Jode Hillman regarding his insurance claim after a 2013 woodshop fire.
Take pictures or do a video of your business property and its contents. Include every angle of your studio, inside and out. Don’t forget any nooks, crannies, and inside closets and drawers. Narrate as you go on the video if you like. If photographing, include the make and model of any major tools in the photo file names.
Transfer the resulting video or image files to your computer and organize as you like, and then upload them to “cloud” storage (or directly from your cell phone if that is your image recording device). Services such as box.com, Dropbox, Google Drive, iCloud, and OneDrive offer free storage as well as paid accounts. A free account is likely sufficient for this purpose.
Recording more detailed information about your art business assets is a good idea. Once you have created and safely stored the visual record, consider creating a list of the items along with their purchase date and value. As a computer spreadsheet, this too can be stored in the cloud with the image files.
There! You now have a safe record of most of your business assets. Congratulations! Do this every year at the beginning of the year, and if you make improvements to your studio or invest in new tools during the year, add images of those to your cloud stash as you go.
And now that you have a visual record of the things that allow you to make your art, you may have given yourself incentive and momentum to go deep with preparedness. Here are some possible next steps with links to more detail.
If you don't have business insurance, use the resources at CERF+'s Studio Protector to help you get business insurance. It is unlikely your homeowner’s or renter’s insurance will cover your business assets, and basic liability and property coverage is not out of reach for most artists.
Tip and links courtesy of CERF:
9/4/2016 » 12/29/2016
Turning 30 - AAW Annual Member Exhibition - St. Paul, MN