Operating a live music venue presents unique insurance coverage concerns. Music venues contend with hazards inherent to volumes of patrons, serving alcohol, and using complex staging and performance equipment. These activities require practical and responsible preparation. It’s important for live music venue operators to evaluate their facilities’ risk exposure get expert help to determine optimal coverage levels.
Personal Injury Risk
Even when operations are managed as safely and preparedly as possible, the risk of bodily injury can be especially high for individuals attending large concerts or festivals. This is especially true of festival grounds where attendees stay for several days. In a crowded environment such as a live performance, it may be difficult to get immediate assistance to people who need emergency medical attention.
Components of Effective Coverage
According to http://www.rmshg.com/, a comprehensive coverage line should include more than just general liability and property insurance. Liquor liability, products and completed operations, assault and battery, and excess liability are all integral policy endorsements for complete music venue liability coverage.
Protection Against Fales Claims
Music venue operators are also susceptible to false claims and being brought in as a third-party defendant to claims against other parties. The carrier that you choose needs to have the resources to investigate claims of that nature thoroughly in order to effectively minimize the risk of your venue’s exposure to unnecessary fraud or loss.