3 Reasons Why Music Venue Owners Need Insurance

From small bar stages to massive concert arenas, music venues provide the energetic experience of live music performances to enthusiasts. Unfortunately, these rowdy events can also result in multiple hazards and dangerous situations for your patrons, staff and the overall business. Property owners like yourself can consider embracing the advantages provided by specialized music venue insurance.

1. Business Protection

People at a crowded event such as a concert or a music performance are at risk of injury. If anyone is seriously harmed in your venue or even outside, you have liability and can face lawsuits that can severely impact your business. Music venue insurance coverage covers these fees and protects your business from these financial problems.

2. Property Repair and Replacement

Sometimes concert-goers can get carried away and greatly damage your equipment and property. These items can become difficult to repair or even replace. A comprehensive insurance plan is helpful in covering the costs of fixing and changing items like seats, tables, fixtures and more.

3. Incident Preparation

Depending on the number of people, size of the venue and other factors, there is a variety of incidents that can harm participants and staff, as well as create expenses for your venue. RMS Hospitality Group lists multiple coverage areas that include situations like assault and battery, liquor liability and products.

An insurance program that extends beyond general liability brings multiple benefits to your business. Licensed brokers can help you with questions about these coverage plans.

Why PPE At Work Is Essential

If you hear grumblings from your staff about needing to use personal protective equipment (PPE), remind them that you’re not making them use it because you’re trying to torture them. If someone asks “Why is PPE important?” have a list of reasons why you ensure it’s used regularly on the job.

Insurance Rates Are Kept Down

The more accidents that are reported to your insurance company, the higher your rates become over time. By failing to use PPE and getting injured on the job, your staff will eventually be paying much higher rates than they would have if they played it safe to begin with. If they’re still whining, direct them to www.danielsinsuranceinc.com for more comprehensive detail on the matter.

The Risk of Injury is Lessened

Seriously, do they want to get hurt at work? Using PPE to cover your extremities saves you from getting hurt or worse. Unless your staff wants to swap stories about scars or other injuries that were acquired at work, they need to be using PPE. Period.

It Covers You

Failing to enforce the use of PPE during a dangerous task makes you liable for the injuries that occur. Rather than agree that yeah, PPE is stupid, firmly enforce that no, it is not, and it needs to be done if not for their sakes, then for yours.

Encourage safety at work and train your staff on the importance of PPE. There might be a little huffing and puffing, but to create a safe environment it’s worth the grumbles.

Insurance for Marinas and Yacht Clubs

Marine businesses are unique, both as a group and in their individual niches. That means you can’t find a one size fits all policy that works for them, even if it’s one that’s specifically designed for companies that operate on the waterfront. If you need marina insurance, you need coverage for a variety of services and risks that other businesses might not need to worry about. For example, since your main income is probably from the rental fees for slips, you need your insurance to focus on the risks that come from storing other people’s assets, as well as those that can happen when boat owners are on-site to use their vessels.

Additional Coverage Marinas Need

The people at www.merrimacins.com/ do a great job of explaining why marina businesses need specific insurance, as well as how your business might have different needs from other marinas if you have extra features like venue rentals, boat rentals, or dining and entertainment facilities. Check out all your options, and then talk to someone who understands the industry and has the experience to customize your coverage. Working with the right provider means more than just a more specific policy, it also means you can streamline your risk management maintenance by consolidating your coverage. That allows you to go through fewer notifications and meetings during insurance review periods, and that’s a huge advantage.