Production companies and the rest of the entertainment
industry have very unique and diversified risks. Many activities include having
an audience, using volunteers, and feature performers and actors. For any given
event there is exposure to accidents. Most entertainment firms purchase general
liability coverage to ensure against losses and injuries to third parties. One
problem with this is that the injured parties might have to sue or be involved
in a lengthy claims process to obtain claim payments.
Medical benefits coverage under a general liability policy
has limitations. One alternative is for production companies or recreational organizations
to purchase Participant Accident Insurance. Participant Accident Insurance can
provide accident medical benefits and, at the sponsor’s option, may include
accidental death, dismemberment, dental and disability benefits, as well. If you have operation in foreign countries they
also can include worldwide travel assistance services that provide emergency
medical, emergency travel, and pre-trip information services.
Actual
claim example:
Ten
participants were injured at a live event when the stage collapsed causing
injuries to the audience. The event production company had secured participant
accident coverage and the policy covered the medical bills. As a result no lawsuits were filed.
Call us today for more information.
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