Inside Special Events Insurance for Concerts

Concerts are a thrilling experience, no matter the size. From intimate, acoustic performances to stadium tours, concerts can become the memory of a lifetime for attendees. But despite rigorous preparations, there’s always the risk that something goes awry — during set-up, the concert itself, or break-down — that can lead to bodily injury or property claims.

You can help your clients protect against liability and property damage claims if something goes wrong with Special Events insurance tailored specifically for concerts. By working with Abacus, a specialist in providing concert insurance, you can ensure that you clients are protected from third-party claims. Read on to better understand how Special Events insurance works in regards to concerts.

What Does Special Events Insurance for Concerts Cover?

Putting on an event is exciting — but also a major investment that needs to be protected with the right kind of insurance. Special Events coverage exists just for this reason. With Abacus Event Coverage, there’s no attendance maximum and over 200 types of qualifying events are eligible for coverage. Events can also be protected for numerous days, which is beneficial for multi-day concerts or music festivals.

Special Events insurance for concerts provides General Liability (GL) insurance should a concert goer get injured and sue. Abacus’s GL form includes Liquor Liability, crucial to protect against potential legal and financial liabilities associated with alcohol-related incidents. Inland Marine coverage is available to protect both rented and owned equipment against physical damage. Additional concert coverages include Spectators and Participants Medical, Workers’ Compensation, and Automobile Liability and Physical Damage.

Who Is Responsible for Insuring Concerts?

The organizers or promoters of the concert are usually required to provide proof of Special Events coverage by the venue — even if the venue has its own insurance policy. The scope of the coverage will generally be based on the size of the concert. Working with us is helpful in navigating the coverage process and ensuring that the venue needs are being met.

How Much Does Special Events Insurance Cost?

Cost can vary greatly for Special Events insurance for concerts, and depends on factors such as number of spectators, genre of music, and duration. With Abacus, coverage can start as low as $250. An annual policy is also available for promoters or event planners engaged continuously. You can also offer coverage for events taking place outside of the United States. Our Special Events policies also cover fairs weddings, corporate parties, religious ceremonies, and even birthday parties. We make it simple to provide clients with a quote and bind coverage with our online platform.

*NOTE: The insuring agreement in a policy sets out the covered perils, assumed risks, and nature of coverage that the insurance company provides to its insured in exchange for the premiums paid. Thus, the terms and conditions of the policy will dictate whether coverage exists and the nature of any potential benefits.