Accidents and incidents happen during events when you least expect them. A small error in judgment by one of your crews or a fan can lead to a messy situation that can result in bodily injuries or damage to the property. While there are a number of safety checks you can take to prevent mishaps, there are no full-proof measures to prevent them. Despite all the measures you take, accidents can often happen due to reasons beyond your control such as crowd behavior. As a musicians or an event management company, event liability insurance thus becomes a must for you and something that you shouldn't ignore at any cost.
What Kind of Events Are Covered?
This is one of the things that would come to your mind when you think about liability insurance for an event. Since you would be performing in a variety of events that include consumer shows, fundraisers, dances, meetings, luncheons, parties, weddings, and concerts you should ideally choose a scheme that protects you against liability in all such events.
What Is Covered
Property Damage – One of the biggest pluses of event liability insurance is the fact that they cover property damage liability. Irrespective of whether you are performing in a large music arena or someone's private property,this will compensate for all kinds of damage to the property during musical events. In fact you won't be able to hire the top venues for your event if you don't carry liability insurance!
Physical Injury – Even in the best organized music events this cannot be completely ruled out. We have time and again seen how fans get injured in stampede and other unfortunate events when their complete focus is on music and not their safety. Bodily injury can result in a number of third-party claims and this kind of insurance plan would protect you in all such cases.
Medical Costs – This kind of insurance policies also cover medical costs of the persons who have been injured during the event. In fact this is one of the biggest advantages as this prevents number of third-party claims during the event.
Cancellation & Postponement – These are regular scenarios that musicians and organizers have to take in stride. From local law and order problems to bad weather the reasons behind cancellations and postponements are many. A comprehensive event liability plan would protect you against losses incurred due to cancellations or postponements.
You can clearly see the importance of event liability insurance if you are attached to the music industry and perform or organize performance on a regular basis. When it comes to choosing event liability insurance or music instructor insurance you need to be extremely choosy and settle on an insurance agency that enjoys strong reputation in the market. A reputable insurance company would offer you comprehensive plan that protects you against all kinds of predictable mishaps that can occur during an event. They can also offer you tailored plans that take care of your niche needs. It is advisable that you read reviews and check out the kind of ratings that they enjoy.