Concert Insurance - What Do They Cover?

As a musician or a concert promoter you need to always protect yourself for the worst case scenario while preparing for the event. Concert insurance is no longer a choice but has become a necessity in today's world where so many things are at stake during every event. If you are promoting an event for the first time you must know that you may not be able to hire a venue without having an insurance cover in the first place. So when you go out to buy insurance for your concert, what are the things that you need to look for? Here we list the different coverage that such insurance plans come with.

# Event Liability Insurance

Don't accept any insurance plan that doesn't have even liability coverage. This is surely the most important of coverage that will protect you against all liabilities arising out of incidents and accidents during your concert. Even best practices in crowd control and other safety aspects cannot prevent unfortunate things from occurring during your event. When you have large number of people attending the event the threat magnifies. With this coverage you would be protected against any financial or other claims in case of any untoward incident and bodily injuries that may occur in case there is stampede or violence.

# Event Cancellation Coverage

This is one threat that looms over your mind and doesn't let your relax till the concert is successfully staged. You are aware of the huge expenditure that you would incur in organizing the event. These include expenditure on the travel of the artists, their accommodation and the publicity campaign that you would run to promote it. But there is always the risk that the artists may fall sick, may not be able to make it to the venue or the event may need to be cancelled in the event of violence. In such circumstances you would have to bear huge financial losses.

# Weather Insurance

Blame it on god or your misfortune, you can't do anything about the weather, can you? Every year there are hundreds of events that need to be cancelled due to bad weather leading to big losses for the promoters. If you are organizing an open air concert you shouldn't ignore this coverage at any cost. This will help you deal with the losses that can arise out of cancellation of the event due to bad weather or other natural calamities.

While these kinds of coverage would care of most of your requirements, you often need a niche plan that is tailored to your needs. For instance the risks associated with a classical concert are far less than that of a rock show. Go a reputable insurance company that deals with the music industry and its niche needs. These companies have created their insurance plans keeping in mind the challenges and risk that musician and concert promoters may face. Such plans would cover all your risks and offer you the peace of mind to focus on your event.