Risk Management Advice for Festivals

Risk Management Advice for Festivals

Across the country each year, festivals bring together hundreds of thousands of people. These festivals can take any number of forms and can include musical performances, arts and crafts, sports, or thrilling spectacles. For the organizers of these festivals, public events come with their share of risks. Venue owners, event promoters, and vendors each have specific risks, and as such must approach each festival with an eye toward risk management. A specialized form of liability insurance called entertainment insurance is the foundation of festival risk management. With a risk plan in place, festivals can protect their financial interests as well as deliver memorable events for participants.

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The Greatest Risks Currently Facing the Entertainment Industry

The Greatest Risks Currently Facing the Entertainment Industry

The entertainment industry is a dynamic place, with diverse projects and aspects that are continually changing. The industry aims to provide inspiration, amusement, and enjoyment to millions of people each year; from movie productions to live music performances and the theatrical arts, the entertainment industry is thriving. With those productions, however, come numerous industry risks. Some of these risks are as old as the industry itself, while others are evolving with changing societal trends. Entertainment insurance is the core of risk management in this industry, but production teams, talent, and event venue owners/ operators must be aware of the top risks they may face.

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Concert Risk Management: Establishing Crowd Control

Concert Risk Management: Establishing Crowd Control

For concert promoters and venue owners, event management is a complex process. To pull off a successful and safe event, the process begins with effective crowd management. Crowd control can be seen as a make-or-break component of events, including concerts, outdoor festivals, and professional sports events. Done right, and the risks associated with crowd-related injuries and property damage drops. Done poorly, the lack of effective crowd control can lead to injury, damage, or even death. Event promoters typically carry some form of concert insurance to protect against a wide range of event-related risks. Implementing crowd control methods is a vital part of the overall risk management strategy.

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Can Event Insurance Policies Cover Acts of Terrorism?

Can Event Insurance Policies Cover Acts of Terrorism?

Around the world, events bring people together. Whether these events are a professional sports game, a music festival, or a live art performance, large crowds can be expected. As such, these special events may be a target for acts of terrorism. Recent terrorist attacks targeting event attendees have raised the specter of terrorism insurance in the minds of event promoters, leading to many questions. Is entertainment insurance sufficient to cover the risks associated with a terrorist attack? The answer to that question is not as clear-cut as many event promoters hope.

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No-Shows: Why Entertainment Insurance Is Necessary

No-Shows: Why Entertainment Insurance Is Necessary

It takes a lot of effort and creativity to arrange entertainment events such as concerts, films or plays. That’s why decision-makers need comprehensive insurance on their side should the event need to be canceled due to natural disaster, illness, or a man-made tragedy.

Many event planners and professionals in the entertainment industry are not aware that specialized entertainment insurance exists, or they are under the impression that it is an optional coverage that does not cover anything that is not already covered by standard commercial general liability or property insurance policies. However, for many specific exposures, including no-shows, entertainment insurance is the most important policy, and as an insurer, it is important that you ensure that your clients are aware of this.
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The Laws and Restrictions That Every Music Venue Must Follow

The Laws and Restrictions That Every Music Venue Must Follow

Running a music venue might sound freeing, but a few laws and regulations permit the age-old, long-hair-don’t-care environment. If you’re an insurance agent seeking policies for your music-loving client, you should understand the ins and outs of music venues, first. Running a live music venue takes time, dedication and a deep understanding of the law. Between alcohol, age restrictions and liability, the rules themselves might seem a little overwhelming.

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USrisk concert insurance

How Live Music Venues Can Minimize Their Risks

Large events such as professional sporting events, live music concerts, and outdoor festivals draw hundreds of thousands of attendees each year. Event promoters and venues have an obligation to provide a safe experience for attendees, and despite their hard work in providing security and hazard-free conditions, incidents do occur. In the case of injuries and property damage, the venue and event organizers may be liable for the costs associated with these incidents. Read more

What Goes Into an Insurance Program for Entertainment Productions?

What Goes Into an Insurance Program for Entertainment Productions?

The entertainment industry faces many unique challenges as companies in this industry produce theatrical productions, films, and live-action events. The risks associated with the entertainment industry vary widely, requiring flexible and comprehensive business insurance policies designed to protect business assets from those risks.

Among those business insurance policies are those policies known as entertainment production insurance. In the entertainment industry, theater productions and movies, television shows, and live events depend on these insurance policies; in fact, many of these productions could not be made without a suitable insurance policy in place to protect the companies involved. Read more

Does Special Events Insurance Cover Terrorism?

Does Special Events Insurance Cover Terrorism?

Tragic events such as the Boston Marathon bombing in 2013 and the 2017 mass-shooting incident targeting attendees of the Route 91 Harvest music festival in Las Vegas have caused many event promoters to question the need for terrorism insurance. Terrorism is on the rise on a global scale, and special events represent a prime target. Read more