Insurance for Theater Companies and Dinner Theaters

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Why Theater Companies and Dinner Theaters Need Insurance

This industry consists of companies that organized and perform live theatrical shows, stage shows, and presentations. Examples include carnivals, circuses, magic shows, comedy troupes, and musical theater companies.

Theater companies and dinner theaters provide various forms of entertainment to the community. As the director or owner of a theater company or dinner theater, your time is valuable. From organizing schedules to recruiting volunteers and managing employees, to making sure each show goes on without a hitch, there is little time to think about insurance. Insurance for theater companies and dinner theaters protects you from scenarios that can damage everything you’ve built.

What Types of Coverage Do Theater Companies and Dinner Theaters Need

Every theater company or dinner theater is unique. If you are a nonprofit theater company, you will need additional coverages like directors and officers liability and volunteer accident. If you serve food or alcohol at performances, you will also need product and liquor liability.

  • General Liability: Pays for medical expenses and lost wages if a patron is severely injured while attending your performance. It will also pay to replace their property if it is damaged by your performance.
  • Commercial Property: Pays to rebuild or replace your building or property if it is damaged in a fire or stolen. You can also add business interruption on to property insurance that pays loss of income, ticket reimbursements, and other expenses if you close while your building is being repaired.
  • Worker’s Compensation: Many states require businesses to carry work comp when they reach three to five employees. It pays medical expenses and lost wages for employee’s work-related injuries.
  • Abuse/Molestation Liability: Some carriers add this on their professional liability policies. It pays to defend and settle abuse claims along with public relations costs to minimize the damage to your reputation.

Common risks that Theater Companies and Dinner Theaters may face

  • Abuse & Molestation Allegations: Theater companies that involve children are especially at risk for abuse and molestation allegations. Without the right insurance, you can spend a small fortune trying to defend and settle claims along with fixing your damaged reputation.
  • Equipment Damage or Loss: Many theater companies and dinner theaters own lighting and sound equipment as well as props. If these are damaged or destroyed in a fire in your building or on the road, replacing them is expensive. If a burglar breaks in and steals valuable equipment, insurance will help replace it and pay expenses associated with the loss.
  • Discrimination Allegations: Some theater companies are managed by a board of directors and others by their owners. In either case, if an employee, volunteer, or performer feels they were discriminated against, they can press charges against your organization or the board members.
  • Event Cancellation: Even though you do everything you can to make sure a performance happens as promised; occasionally you may need to cancel. Inclimate weather, sick performers, or a damaged building are just a few causes. What happens to the ticket holders? They already purchased their tickets and will expect reimbursement.
  • Injury to Patrons: Performances can’t happen without patrons. It is possible for these individuals to fall due to poor theater lighting, uneven carpet, or because the lobby is too crowded.

Other common risks include employee injury, food poisoning or allergies, and even employment practice –related claims. Insurance is the best way to stay in business when an incident does occur.

Cost of Theater Company and Dinner Theater Insurance

Every carrier looks at theater companies and dinner theaters differently. Common considerations that impact cost include length of time in business, entity type, ages of participants, and if you serve liquor. The best way to estimate your insurance costs is to request a free quote below.

What type of insurance does this industry need?

  • General Liability This policy protects your business in case of third party claims, such as bodily injury or property damage. For example, the common "slip-and-fall" claim would be covered by your General Liability policy. General Liability insurance is often considered to be the core coverage, particularly for businesses that regularly physically interact with customers or sell physical goods. In addition, many businesses have a contract, like a loan or a lease, requiring that they have this coverage.
  • Commercial Property This policy protects the business's physical assets and is appropriate whether you own or lease your space. Keep in mind that this policy will only offer protection in the case of covered events. If you need protection for certain scenarios, such as floods or earthquakes, you may need additional coverage. If you have a mortgage or a lease, you may be required to have property insurance. Even if you are not, this is the best way to protect the building you are in and the business property you have in case of a natural disaster or some other accident.
  • Workers Compensation Workers Compensation covers an employee's lost wages and the cost of resulting medical treatment if they suffer a work-related injury or disease. It also covers services needed to help the employee recover and return to work. Workers Compensation coverage is mandatory in most states. The number of employees after which it's required differs by state, but you will generally need coverage once you have employees.
  • Umbrella Insurance Umbrella insurance offers excess liability protection in the case that your General Liability, Commercial Auto Liability, and/or Employer's Liability coverage is insufficient. It essentially acts as a "back-up" plan, providing additional financial protection in the case that your business faces a particularly large claim that exceeds a single policy's limits. This policy can be particularly valuable for a business that faces a variety of risks and has multiple liability policies.

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