Insurance
Pat Janes
realise that there will be differences between, for example, the USA and
the UK. Not looking for legal opinions, just the contractor's
perspective.
If something goes wrong at a show, we all know that the lawyers will try
to sue everybody who had anything to do with the event.
As a provider of sound/lighting, what sort of insurance demands are
promoters making these days? How much public liability insurance do you
have to carry?
Is it common to be told that, as a condition of being awarded a
contract, you must amend your policy so that it names the promoter/venue
operator/municipailty as additional insured parties? Have you ever
turned down a contract/bailed on a show because the promoter was
insisting on this?
Tim Padrick
with your insurance carrier, and risk your financial future, so the
promoter, over whom you have no control, can save the hassle and expense of
getting his own insurance?
"Pat Janes" <n...@bloody.likely> wrote in message
news:not-9FE425.0...@nntp-stjh-01-01.rogers.nf.net...
Pat Janes
"Tim Padrick" <Pad...@comcast.net> wrote:
> I would never be willing to do that. Why risk the relationship you have
> with your insurance carrier, and risk your financial future, so the
> promoter, over whom you have no control, can save the hassle and expense of
> getting his own insurance?
I am neither a promoter nor a sound contractor, but I don't think such
an arrangement is intended to save anyone the expense of getting their
own insurance.
I believe the point is to list everyone as an additional insured party
on everyone else's policy for the duration of the event, e.g., the
contractor names the promoter and venue, the promoter names the
contractor and venue, the venue names the promoter and contractor. In
the event of a catastrophe, there will not be any finger pointing
amongst the potentially liable parties. If I am listed on your policy
and you are listed on my policy, there isn't much point trying to lay
100 per cent of the blame at your feet, is there? The lawyers for all of
the insurance companies would have common cause. Make sense?
This is pure speculation on my part. I asked the question because I'm
really interested in finding out if I'm right about this.
Erich
> Is it common to be told that, as a condition of being awarded a
> contract, you must amend your policy so that it names the promoter/venue
> operator/municipailty as additional insured parties? Have you ever
> turned down a contract/bailed on a show because the promoter was
> insisting on this?
I have not had that happen in sound business, but have in my full time
career. "Named Insured" is a common practice in "big business" where
there are large amounts of potential liability. It should not cost
you anything, and I would do it if the business is worth it.
That being said: in these "big business" relationships the parties
involved are usually audited/monitored/D&B'd etc... by each other
before they enter a formal/contractual relationship. In other words:
I would not put an entity "named insured" that could not get insurance
on their own.
Is this government/municipal work?
Erich Smith
Kurt Albershardt
> Pat Janes <n...@bloody.likely> wrote in message news:
>
>
>> Is it common to be told that, as a condition of being awarded a
>> contract, you must amend your policy so that it names the promoter/venue
>> operator/municipailty as additional insured parties? Have you ever
>> turned down a contract/bailed on a show because the promoter was
>> insisting on this?
>
>
> I have not had that happen in sound business, but have in my full time
> career. "Named Insured" is a common practice in "big business" where
> there are large amounts of potential liability. It should not cost
> you anything, and I would do it if the business is worth it.
IME it's quite common when doing contract work (installation) in large buildings of any sort. Can't speak to the rental side, though.
George Gleason
"Kurt Albershardt" <ku...@nv.net> wrote in message
news:c3nk7p$2abbfe$4...@ID-207704.news.uni-berlin.de...
protects thier intrest against my liability
I carry 3 million it costs about 1000.00 a year
I do not ever give this to anyone without thier own insurance
I am not insuring thier events
I am just being responsible twards my side of things
George
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oldsoundguy
AMEN to that .. I quit doing municipal agencies when they started
insisting I add them to the policy. My agent said that every time I
make a change, it changed my rates, for one .. for another it seemed
that the municipals were relying on MY insurance rather than carry any
of their own. The costs of adding riders just got out of reason, so I
quit bidding. (City of San Jose, Calif for one example) And to carry 3
million NOW makes sense .. 15 - 20 years ago it was a back breaker to
have to carry that much liability coverage. (and equipment coverage
then? FAHGEDDABOUTIT!! Impossible unless you had a 5k deductable -- so
the things that could mysteriously "walk" .. WOULD NOT be covered!)
George Gleason
"oldsoundguy" <soun...@comcast.net> wrote in message
news:7om060hubp72nu0qn...@4ax.com...
I can't afford equipment coverage
it is 5 $ for every 100$ in list value and that is with a 2500.00 deductible
I can be out of business with one simple truck fire
and if that happened I would not get back in, I would see it as a sign from
the heavens to get the hell out
George Gleason
> > that the municipals were relying on MY insurance rather than carry any
> > of their own.
I believe most towns, cities, villages,municipals are self insured so them
having thier own coverage in usually not in question
reese thomas
> every big operation I work for insists on a "also insured clause" this
> protects thier intrest against my liability
> I carry 3 million it costs about 1000.00 a year
> I do not ever give this to anyone without thier own insurance
Very common down her for municiple facilities, etc. Often I'll have a
couple of additional named insured, ie the facility and the producer.
This, as George points out, is definately NOT a replacement for their
having liability. I should probably upgrade, I have a million per
occurance, 2 mill cap (which is required my most facilities, fairs,
festivals that I work.
An additional side effect , the requirement to carry weeds out many
bottomfeeders
oldsoundguy
<g.p.g...@worldnet.att.net> wrote:
I did get a fire, natural causes, and truck accident policy with a 5 K
deductable from Lloyds .. that was not too dear in costs . the theft
insurance, however was a completely different story, and I never could
afford same! (in over 30 years in business, lost 4 microphones due to
theft .. had a 24 x 8 monitor desk in it's dog house stolen when it
was brand new!! .. BUT recoverd that one due to my INTERNAL marking
and engraving of the desk!!)
When we had a dodgy load that we had advanced, we always would haul
some kid along just to stand there .. partner refered to such loads as
"cannibals and missionaries" loads. Always had an eye on the
equipment .. IF we were carting for a band on top of the PA, we could
use one of their roadies to "watch".
Tim Padrick
coverage costs about $550 per year.
"George Gleason" <g.p.g...@worldnet.att.net> wrote in message
news:2E_7c.10453$tY6.3...@bgtnsc04-news.ops.worldnet.att.net...
George
"Tim Padrick" <Pad...@comcast.net> wrote:
> For equipment coverage, join the musician's union (AFM). My $55k of
> coverage costs about $550 per year.
>
55K$ I wish I only had that to insure
George