Thursday, August 24, 2017

Test Your Entertainment Business Insurance IQ

An Entertainment Business Insurance Update

We don’t expect you to be experts in business insurance, but we thought it might be fun to test you on what you do know about your entertainment insurance. Business insurance is designed to cover unexpected losses. We can offer a wide range of business insurance options, so please call our office today.

Business Insurance Quiz (answers at the end)

  1. Your deductible is the amount you are responsible for if a covered loss occurs.
  2. Flood and earthquake coverage are always part of your business property coverage.
  3. Cyber Insurance is protection against losses caused by hackers from businesses dealing strictly in e-commerce, but it does not exist.
  4. Business Interruption covers your lost income no matter what kind of loss closes your business.
  5. My employees are prohibited from suing me, as this would be a workers’ compensation claim.

The staff at John Hart Insurance has over 60 years combined experience in the field of entertainment insurance.  We focus exclusively on understanding the unique needs of motion picture, television, video, music and theatrical companies.  This knowledge base allows us to structure an insurance program specifically for each client that will be a balance of the best coverage and most economical solutions to help them manage the risks inherent to their unique businesses.

1.       True-
2.       False- You need to add this coverage under a separate policy
3.       False- Cyber insurance can be purchase by all business
4.       False- Business interruption only applies to covered losses under the policy

5.       False- Your employees have rights under federal and state laws to sue you if they feel they have been wronged.  You would need employment practices liability insurance in order to protect you and your business from employee lawsuits.

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