Entertainment is one of the fastest growing global industries. Box office receipts in the United States alone accounted for $11 billion in 2019. Entertainment insurance is a collection of policies covering every aspect of the industry through every medium of art. Events in the entertainment
What Is Entertainment Insurance?
The entertainment industry worldwide is worth an estimated $2.6 trillion. Although this is an industry capable of reaping huge profits, there are also risks associated with accidents and lawsuits. Organizations in the entertainment business must have a comprehensive entertainment insurance
How To Avoid Illness On Production Sets
The coronavirus pandemic has brought to light the vulnerability of many businesses including the entertainment industry. The estimates of what the pandemic has cost globally to the box office is estimated to be around $5 billion. It has also brought challenges to avoiding illness, as film production
What is D&O Insurance?
As a director or officer of an organization, there is always the possibility of becoming the target of a lawsuit because of actions taken in connection with the business. Directors and Officers (D&O) liability insurance is a type of liability insurance meant to protect individuals from suffering
Does My Production Set Need Commercial Automobile Insurance?
Production companies generally require commercial vehicles to increase the quality and efficiency of the workday. Commercial automobiles are typically more expensive, and any damage can lead to significant repair costs. Additionally, larger commercial automobiles can cause a lot of damage to other
How To Avoid Injuries During Film Production
Film production is all too often a dangerous industry to work in, often unexpectedly so. The fact is production sets include heavy and potentially damaging equipment, and actors often are responsible for carrying out complex scenes that involve some risk. Due to the increased risk, production
My Cast Got Sick, Am I Liable for Damages?
The entertainment industry is not known for its robust insurance protections, but that does not mean that running a production company or related business does not come with liabilities. One of the biggest risks is illness, because it can quickly spread through a cast. If the cast is unable to
Why Comedians Need to Acquire a Touring Insurance Policy
Although it may not occur to many touring comedians to acquire touring insurance coverage, it is just as necessary as in any other industry. Touring represents a major source of income for many comedians, and there are many potential liabilities that could interfere with your primary revenue
What Type of Insurance is Needed For a Food Truck?
Starting your own food truck business is a venture that is equal parts exciting and nerve-racking. With all the moving parts that need to be addressed, you have to think of everything before it happens. From hiring employees to finding the right truck for the job, you will have a lot of work to do.