Bars and nightclubs have certain inherent risks that are particularly unique to their industry. However, while the risks are universal, the level of risk is not. As a result, there is no such thing as a one-size-fits-all insurance policy. In general, liquor is served at venues where live music is played. Additionally, expensive light and sound systems are part of the infrastructure as are crowds, performers and staff.
Wherever alcohol is served, additional insurance protection is necessary. Business Insurance is needed to protect you from potential liability caused by assault and battery, crime, and liquor related liability. However, live music venues have greater risks than just liquor liability.
Other areas that need insurance coverage tailored to the needs of bars and nightclubs. Because you host live music, you need coverage for against accidental loss or damage, theft, and fire protection for your venue as well as musical instruments, entertainment equipment, sound and lighting, audio visual equipment, film and video equipment.
Additionally, you need insurance protection for liability from performers and staff, corporate and private functions, dance parties, and concerts and the like as well as personal accident insurance for entertainers, musicians and voluntary workers.
Quite a bit of money is spent on scheduling and upcoming events, you need protection from loss from show cancellation, non-appearance and weather insurance.
When you stage live music there are some risks that are inherent to your business. To be sure that you are properly insured, contact TriState Business Insurance.