Los Angeles, California (findit) June 21, 2019 - The California entertainment insurance brokers at MFE Insurance recently released a blog educating readers on the benefits of concert insurance. This type of insurance helps ensure that you will not lose money in the event of a concert delay, cancellation, or related lawsuit.
Concert liability insurance provides short term coverage for single events or entire tours and is typically offered in the form of general liability insurance. This covers lawsuits related to property damage and bodily harm, such as slips and falls or damaged gear, as well as libel and slander claims related to malicious prosecution and violation of privacy. Your insurance policy can also protect against costs related to copyright infringement. General liability insurance typically only covers third parties, meaning that your employees will require their own insurance and coverage options.
Concert insurance helps protect your finances and ensure that your budget is not exceeded while allowing you to continue operating your business as usual. It can help you pay for most costs related to lawsuits, including attorney fees, court costs, witness fees, settlements, and court-ordered judgements. It can also help you pay for medical expenses and the costs of repairing or replacing property that has been damaged. Without concert insurance, these costs would be solely your responsibility. Paying for extensive legal fees and related expenses could sideline your business's future plans, and maintaining a concert insurance policy can help you avoid last-minute changes in plans due to your unexpected financial concerns.
Speak to MFE Insurance for more information about concert liability insurance and how to purchase your own policy. MFE offers multiple insurance policies, such as product liability, liquor liability, assault and battery, property, workers compensation, and equipment breakdown insurance, among other types, that are designed to support clients within the entertainment and nightlife industries. When combined, these can help you create a custom and comprehensive insurance package to protect your event. MFE's skilled insurance brokers can discuss your needs and help you determine the best combination of insurance policies to meet them. For more information, contact the agency at 213-266-7990 or online at https://www.mfeinsurance.com/.