"Most people don't think about insurance until they're staring at a broken neck on a vintage Gibson or facing a legal claim from a venue. It's better to understand what you need before you pack the van for your next gig."
"Many professionals don't buy individual policies for every single risk they face. Instead, they look towards trade bodies that provide support for the industry, often including a basic level of insurance for musicians as part of their annual membership fee."
"Public Liability Insurance (PLI) is the one thing you absolutely must have if you play live. Most venues will ask to see your PLI certificate before they let you load in."
"If a speaker cabinet falls and hits a punter, or if your smoke machine sets off a faulty sprinkler system, the costs can be astronomical. PLI covers the legal fees and the compensation claims that follow."
Musicians in the UK operate like small businesses and face various risks, including equipment damage and legal claims. Insurance is often overlooked until issues arise. Trade bodies provide cost-effective insurance packages that cover essential needs like public liability and equipment protection. Public Liability Insurance (PLI) is crucial for live performances, as venues require proof of coverage. PLI protects against injuries or property damage during performances, covering legal fees and compensation claims, which can be significant in case of accidents.
Read at London Business News | Londonlovesbusiness.com
Unable to calculate read time
Collection
[
|
...
]