When you’re on stage, moving and grooving, the last thing you want to think about is what would happen if someone in the crowd got injured. This may be the first time you have even thought that you need band insurance.
If that’s the case, you may be asking yourself questions like…
- What does insurance cover?
- How much does it cost?
- Why do I need band insurance?
- What if the venue gets damaged from my set?
If you’ve ever had any of these questions about band insurance, then read on!
What Does Insurance Cover?
This is the most commonly asked question. When you buy band insurance, you want it to be useful and to actually cover you when things go wrong.
Here’s a simple example, imagine you’re jamming out and an audience member reaches the stage, grabs a cord from one of the speakers, and yanks the whole thing down. Those things are heavy and could really hurt someone. If that happened while you were performing then you could be held liable for any damages.
Let’s say the speaker falls on someone’s arm and their arm breaks. You could be held responsible and have to pay their hospital bills. The person who was injured might take you to court to argue for even more money for their damages. The best-case scenario here would be that you aren’t found responsible in court, but you may still have to pay expensive attorney fees.
The general liability coverage in your insurance policy could cover up to $1 million in lawyer fees and damages you’re found liable to pay.
How Much Does it Cost?
Cost is a huge factor when purchasing insurance. Band insurance through Insurance Canopy starts at $59. This $59 policy would cover you for 1-3 days and is one of the most affordable ways to purchase band insurance.
Why Do I Need Band Insurance?
Spending money on something you don’t need just cuts into your profits and that doesn’t make any sense. As a band, every dollar counts. One of the biggest reasons bands purchase insurance is because the venues at which they perform require it.
Venues usually require their acts to have insurance, and for good reason—they have a large number of bands and musicians going through their doors on a weekly and monthly basis. In order to mitigate risk, they require their acts to carry insurance and include the venue as an additional insured.
Even though the venue may be held responsible for what happens during the preformance, as an additional insured on your policy, the venue receives the same coverage you do. Without insurance, you could be on the hook to pay for injuries and lawsuits.
What if the Venue is Damaged?
Even if the music you play isn’t super crazy, fans can still get a little rowdy. If anything unfortunate happens to the venue where you’re performing you’re going to want damage to premises rented coverage.
Damage to premises rented could cover the costs of repairing damage caused by a fire. It comes standard in the band insurance policy from Insurance Canopy so you may be protected should a gig take a turn for the worse.
Isn’t Insurance Hard to Buy?
Long gone are the days where you would go to your local insurance agent, fill out paperwork, and then wait to get a call several days later with a quote. Through Insurance Canopy, you can get band insurance online instantly with the application only taking about 5 minutes to fill out.