Easy questions, but not easy answers. This insurance is sometimes a prerequisite to be hired for municipal and corporate shows.
Liability insurance is relatively inexpensive.
Depending on the amount of magic props, books, etc., it may be appropriate for you to have a rider to your insurance policy specifically covering your magic collection. Term life insurance covers a time period without building cash value. This fund could be quite useful, especially if your disability insurance has a waiting period before the payments begin. Establish your own plan which meets your needs and goals. The opinions expressed in this GRAM are solely the opinions of the writers and do not necessarily reflect the opinions or representations of the Houdini Club of Wisconsin.