Entertainment Insurance Broker: Customized Coverage for Your Industry

As an entertainment industry professional, you know how quickly things can go wrong. A cancelled show, a damaged prop, or a lawsuit can leave your business in financial ruin.

In the entertainment industry, accidents can happen at any moment. According to a recent study, 75% of entertainment companies have experienced a major loss due to unexpected events.

But there's a way to protect yourself and your business from these unexpected setbacks. An entertainment insurance broker can provide customized coverage for your specific needs.

By working with an experienced broker, you can get the right insurance coverage for your unique situation. This includes coverage for equipment, liability, and even cancellation or postponement of events.

Entertainment insurance is a type of general liability protection specifically designed for entertainers and performers. It safeguards against claims of recklessness or failure to give professional services at events like concerts, fairs, and stage performances.

This insurance is particularly useful for protecting your financial investment in equipment and gear, which can be stolen or damaged at a performance. Insurance Canopy's entertainment insurance policy bundles general liability, damage to rented premises, and personal and advertising injury coverage into one policy.

Entertainment insurance can cover a wide range of situations, including physical liabilities and complex copyright issues. This broad definition encompasses various types of insurance relevant to the media and entertainment industry.

In the event of an accident or lawsuit, entertainment liability insurance can cover claims for damages, accidents, and third-party property damage. This can include situations like a speaker accidentally damaging the stage or a guest suing you for medical expenses after tripping over your equipment.

Some examples of claims that entertainment liability insurance can cover include:

So you're an entertainer looking to protect yourself from unexpected expenses or lawsuits? You're in the right place! As an entertainment insurance broker, I've seen firsthand the importance of having the right coverage.

Entertainers need liability insurance to protect themselves from financial losses in case of accidents or injuries to clients or spectators.

You might be wondering what types of entertainers need insurance. The answer is, many! From musicians and bands to performers and clowns, anyone who puts on a show needs to think about insurance.

Here's a breakdown of the types of entertainers who need insurance:

These are just a few examples of the many types of entertainers who need liability insurance to protect themselves and their businesses.

You can get hit with a liability claim at any moment, but with affordable entertainment liability insurance coverage, you can protect your plans from going south. Our partners at the Event Helper can help with that.

General Liability Aggregate Limit is $2,000,000, which is a significant amount of coverage. The Products – Completed Operations Aggregate Limit is $1,000,000, and Personal and Advertising Injury Limit is also $1,000,000.

You can also get Equipment and Gear Coverage for $2,000 policy year for $7.50/month or $5,000 policy year for $15/month. Medical Expense Limit is $5,000, and Damage to Premises Rented to You Limit (Any One Premises) is $300,000.

Cyber Liability Coverage is available for $100,000 for $8.25/month, and Excess Liability Coverage is available for $1,000,000 for $29.17/month.

Personal Injury and Advertising Liability is a crucial aspect of insurance coverage, especially in the entertainment industry.

Personal and advertising injury insurance can be especially important for someone in the entertainment industry, which often involves creative expression and public image.

General Liability Aggregate Limit for personal and advertising injury is $1,000,000.

Defamation or infringement of copyright lawsuits can be costly, and insurance can help cover the costs of legal defense and any damages awarded against you.

In fact, a Medical Expense Limit of $5,000 can also come in handy in case of unexpected medical expenses due to a lawsuit.

Cyber Liability Coverage ($100,000) can also provide protection against cyber-related risks and liabilities.

Insurance Canopy can help cover the costs of legal defense and damages awarded against you in case of a lawsuit for defamation or infringement of copyright.

MPTV entertainment insurance policies differ from DICE policies in that they are designed for individual productions, not companies that produce multiple projects.

DICE policies are built to meet the needs of a production company, including coverages like E&O insurance that protect a company more broadly than the coverages in an MPTV package.

Unlike MPTV policies, DICE policies are not customized to match a production's specific risks and risk levels.

MPTV policies are flexible by necessity due to the unique creative risks of feature film and television projects.

An MPTV policy can be adjusted to cover stunts, cast insurance to cover delays due to injury or sickness, and drone insurance for productions that use flying robots.

MPTV entertainment liability insurance covers specific liabilities of a production, while DICE entertainment liability insurance covers a more generalized array of liabilities of a production company.

To illustrate the difference, consider that an MPTV policy would cover an episode or season of a show, while a DICE policy would cover a production company that makes commercials for that show.

Excess liability insurance is simply additional liability coverage maintained on top of what you already have.

This type of insurance can be spread over multiple underlying coverages, providing a safety net in case a claim exceeds the limitations of one of your other coverages.

Excess liability coverage can kick in to cover the excess amount, helping to protect your assets from unexpected financial burdens.

Having excess liability insurance can give you peace of mind, knowing that you're prepared for unexpected events that may arise.

SterlingRisk specializes in entertainment insurance, working with high-profile clients in the industry. They leverage their expertise and know-how to create sophisticated strategies that blend personal and commercial insurance programs.

With decades of experience, SterlingRisk has solid relationships with specialty carriers that insure high-profile clients. This is crucial because not all carriers are willing to take on these clients.

SterlingRisk provides a range of insurance services, including commercial and personal liability protection, loan-out corporation insurance, and production insurance. They also help clients obtain the most comprehensive coverage available and the most competitive premium.

Here are some key services SterlingRisk offers:

Inland Marine is a type of insurance that covers damage to property, including rental equipment and third-party property damage.

The majority of insurance claims filed by productions fall under their inland marine coverage.

Inland marine tends to be the most expensive element of most American entertainment insurance packages.

This is because it covers a wide range of risks, including physical auto damage and damage to rented locations or facilities.

In fact, inland marine insurance has nothing to do with the high seas or ships, despite its name.

Entertainment insurance is a specialized type of coverage designed to protect against financial losses due to unforeseen events. There are 10 forms of entertainment insurance, each with its own unique components.

Event cancellation insurance can be a lifesaver for event planners, covering costs associated with cancelling or postponing an event. This type of insurance typically includes provisions for cancellation, postponement, and interruption.

Liability insurance for entertainment is crucial for protecting against lawsuits and financial losses resulting from accidents or injuries. This type of insurance often includes coverage for bodily injury, property damage, and personal injury.

Equipment insurance is a must-have for event producers, covering the cost of repairing or replacing damaged or stolen equipment. This type of insurance may include coverage for sound and lighting equipment, generators, and other essential gear.

Travel insurance is a must-have for performers and crew members, covering medical expenses, trip cancellations, and delays. This type of insurance often includes coverage for travel-related accidents, illnesses, and natural disasters.

Errors and omissions insurance protects against financial losses resulting from mistakes or omissions made during the planning and execution of an event. This type of insurance may include coverage for professional liability, advertising liability, and copyright infringement.

Special event insurance is designed to cover the unique risks associated with hosting a special event, such as weddings, festivals, and concerts. This type of insurance may include coverage for liability, property damage, and equipment loss.

Business interruption insurance helps protect against financial losses resulting from business disruptions caused by events such as power outages, natural disasters, or equipment failures. This type of insurance often includes coverage for lost revenue, employee salaries, and business expenses.

Film and TV production insurance is a specialized type of insurance designed to cover the unique risks associated with film and TV production. This type of insurance may include coverage for equipment loss, cast and crew accidents, and location damage.

Production insurance for events such as concerts, festivals, and sporting events is essential for protecting against financial losses resulting from unforeseen events. This type of insurance may include coverage for equipment loss, artist cancellations, and crowd-related incidents.