As the warming temperatures of summer settle in, summer concert venues are preparing for their seasonal events. This time of year is popular for concerts, music festivals, and similar events. With these events comes the need for insurance protection, including professional liability insurance. If you are planning concert events this summer, prioritize insurance coverage. 

Options for Insuring Summer Concert Venues

Your choice of insurance coverage makes all the difference in your company’s level of protection for your events. There are several types of insurance to consider, including:

• Equipment Damage Coverage – Every concert event requires a lot of equipment, including soundboards, instruments, speakers, and lighting that need insurance protection in case of damage or loss. This policy covers the equipment your business owns when using it at the venue and in use.
• Rental Equipment Coverage – Any equipment you rent for your concerts is not covered by your equipment damage policy. Rented equipment coverage will address this for you. Some rental companies provide coverage, but securing your own is also beneficial.
• General Liability – Essential broad-spectrum professional liability insurance to cover property damage, injuries, and similar costs. It is an umbrella coverage line for any liability-based loss.
• Liquor Distribution Liability – Liability protection if a concert guest becomes intoxicated and causes an accident. Overserving at your venue leaves you liable for the incident, which this insurance covers.
• Additional Liability Coverage – An additional liability protection policy is essential for concert events because of the significance of significant losses. This type of coverage pays for losses over and above what general liability policies pay since umbrella policies have their coverage limits. These high-value losses count as added coverage. 

Reasons to Invest in Summer Concert Venue Protection

Understanding the standard coverage options is a start, but you also need to know why that coverage is essential. Most concert venues require liability and equipment coverage at the very least. Many venues require you to list them as the additional insured on your policy. You can add and remove this designation as needed, which is crucial if you host events at multiple locations this summer.

Summer concerts and music festivals are popular attractions, so insurance protection is essential. You can choose insurance options, including professional liability insurance and the equipment and liquor distribution protection you need. Before you finalize your event plans, clarify any insurance requirements from the venue so you can get all the coverage you need. Policy binders will detail any additional insured information and your coverage limits for your records.

About Haughn & Associates

Founded by Michael Haughn in 1986, Haughn & Associates is a full-service, family-owned, independent insurance agency based out of Dublin, Ohio. H&A strives to provide the best possible price and unique insurance solutions across a myriad of industries, including construction, IT, Habitation & Commercial Property, Agriculture, and Engineering. Devoted to providing the best of business insurance, life and disability insurance, personal insurance, employee benefits, and bonds, H&A is proof that success lies in long-standing client relations and satisfaction. To learn more about how H&A can be of service to you, contact us at (877) 802-2278.