Why Concert Insurance Is Must for Any Music Promoter

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Categories:Finance Insurance

Life on the road as a music promoter can be thrilling but as they say it is rife with challenges. This is perhaps the reason is why being a music promoter is one of the toughest jobs in the industry. You are responsible for the musicians, their instruments; the sound and lighting equipment used during the event and of course your fans. Be it a rock show or a classical event you can afford to take no chances while arranging an event and plan it out meticulously. But even the best of planning and arrangement may not be able to prevent an unfortunate event on the day of the show, prior to it or after it has been successfully organized. In such cases the only thing that you can turn to is your insurance plan. Concert insurance has become popular among all professional music promoters and there are many reasons you should invest in such a plan.

The Risk To Fans & Musicians
Irrespective of the size and scale of your event there is always an element of risk that the musicians and fans are exposed to. The temporary stage that you create for the concert may cave in and cause injury to the fans and those performing. A section of the crowd may turn violent or be overwhelmed leading to injuries. In all such cases without a concert you would have to deal with third-party claims, settle medical bills, loss of wages and deal with other types of compensation. An with liability coverage would shield you against such claims. They cover medical costs for all who have suffered injuries during your event or when the crew members are setting up or dismantling temporary structures erected for the event. These plans also cover any damage to the indoor or outdoor property while staging the event.

Damage To The Equipment
Like fans and musicians the equipment used during the event are also at great risk at various stages during the event. All the equipment has to be transported to the venue and from it before and after the event. There is also a process of loading and unloading equipment exposing them to the risk of breakage. Also there is the risk of the equipment suffering damage during violence or when there is any other kind of damage to the property during the event. A concert would cover total or partial damage to the equipment and take care of the repair and replacement costs involved. They also take care of the damage and loss of equipment whether self-owned or rented when it is being transported from one location to another.
Concert insurance plans offer you the financial protection that you need while organizing events. They also take care of your needs in case of cancellation of events due to bad weather and other reasons. While choosing a plan make sure it covers risks which even have the remotest possibility of occurrence. They should offer you complete peace of mind and let you focus on making the event successful.

Author is a reputed insurance agent who has been offering his expert advice to music promoters about concert insurance.


Hope Dauber