Theatre companies exist to provide entertainment and culture to the communities they serve as well as the opportunity for performers to do what they love, whether it's acting, singing, or dancing.
Because they work so closely with the public, public liability insurance for theatre companies is a must. Theatre insurance protects your company and its staff in the event a member of the public is injured or property is damaged as a result of accidents or negligence by the theatre company or its performers.
Types of Theatre Insurance
Your theatre company will need a variety of insurance in order to protect the company's finances. Minimum theatre insurance to consider includes:
- Business property insurance. This insurance covers the building your theatre company operates in. It protects the structure from losses that result from fire, theft, falling objects, burst pipes, and a number of other perils. If you are renting or leasing the building, then you only need to insure the contents, such as props, costumes, furnishings, and so forth.
- Public liability. Public liability insurance for theatre companies covers medical bills or property damage to customers or patrons of your theatre. For example, if one of your performers accidentally injures a patron, or if a patron slips and falls on a prop and sues you, public liability will cover the medical bills and judgments against you.
It's important to note that while public liability insurance for theatre companies is the most affordable liability coverage, it only covers liability that results from public claims. It does not cover lawsuits and damages from employees, vendors, or anyone else. More comprehensive theatre insurance will include general liability insurance, which covers bodily injury or property damage not only from the public, but others as well. Workers compensation insurance will cover the medical bills and lost wages that come from employees who are injured on the job.
Finding Affordable Theatre Insurance
You don't need to skimp on insurance in order to get adequate coverage for your theatre company. The best way to find affordable theatre insurance is to shop around and compare multiple quotes from different companies that specialize in theatre insurance.
Netquote.com is a comprehensive site that has information on all types of insurance your theatre company needs. Not only that, you can get multiple theatre insurance quotes for free from netquote.com, so you can find the best coverage for your theatre at the most affordable price.
See how much you could save today on your insurance. Get your free business insurance quotes today!