That old show biz mantra rings as true today as ever. The entertainment industry is a multi-billion dollar industry that employs thousands of people. In the course of performing the duties associated with their jobs, many entertainment industry professionals are exposed to risk. This is especially true for those segments of the entertainment industry that work with live events. At large public events, like concerts, fairs/festivals, live tapings of shows, and sporting events, not only is there risks for the entertainment professionals involved with hosting the event, but also for the crowds that attend these events.
One needs only remember back as recently as August of 2011, when the crossover country/pop duo Sugarland performed at the Indiana State Fair, and the stage collapsed after an unexpectedly strong storm cell passed over the area. Over 40 concert attendees were injured, and there were seven deaths in that horrific incident. Before the dust had even settled, cries of negligence were leveled at the venue, the promoters, and even the band for deciding to perform despite warnings for the potential of adverse weather. None of these entities could have foreseen the intensity of the wind gust that collapsed the stage that day, and all involved have proclaimed their sorrow over this unfortunate event.
If you currently have clients in the entertainment industry, or are seeking to write business in this diverse and robust market segment, USRisk has a great product called “Take1 Entertainment Insurance.” This product encompasses lines for Auto (For one vehicle or a large fleet), Crime, General Liability, Inland Marine, International Professional liability (For various entertainment related businesses including but not limited to E&O for movies and TV), Property, Umbrella, and Workers’ Compensation. Ideal clients for this product would be Independent Production Companies (aka DICE producers), Movie/TV Producers, Touring Entertainers, Shell Corporations, Event Planners, Special Events, Rental and Staging firms (Audio, video, sound, lighting, etc.), Promoters, and various Venues (Especially those that are music event oriented.)
USRisks’ carriers for Take1 are rated “A” or better, and are domestic. Take1 Entertainment Insurance is admitted in all available markets in the US, and it is the most comprehensive and cost-effective all-lines insurance program available for the live and non-live entertainment industry. For more information, please check out our product page on CompleteMarkets.com.
For more information come and connect with me on CompleteMarkets.com for weekly updates or visit our Entertainment Insurance storefront.