The entertainment industry is one of the largest financial sectors in the world. With thousands of plays, movies and albums releasing each year, it is no wonder that these entertainment events make for a big profit. If you are a producer, event manager, venue organizer or booking agent, then you understand that a lot is at stake during any of these recreational activities. That is why it is important to invest in powerful entertainment public liability insurance.
Coverage for Accidents and Injuries
Imagine a scenario in which a stage collapses during an artist’s performance. Plenty of event goers will likely need medical treatment. This liability coverage lets you compensate third parties for their medical needs. Even if no one gets hurt and only property receives damage during an event, this policy is also meant to cover compensation for those damages.
Preparing for Legal Action
In today’s environment, companies can receive lawsuits for even the smallest incident. Imagine the lawsuits that can come your way after an accident at a large event. Entertainment public liability insurance assists in the expenses involving lawsuits like paying for the right attorneys and possible settlement.
This price of this coverage depends on your specific industry and the number of people typically involved in your operations. Speak with an entertainment insurer or broker to learn more about this crucial line.