Risk Strategies helps performing arts centers, music venues, movie theaters, and other entertainment facilities with holistic insurance and risk management strategies.
Every performance or event you oversee is an opportunity to thrill your audience and strengthen community ties, but you face risks on a daily basis. What if equipment catches fire or a cyberattack takes down your ticketing system? Are you adequately prepared if extreme weather requires emergency evacuation, or a power outage means cancelling a show? That’s where we come in. We collaborate with you to protect your balance sheet.
Audience safety and liability
When your venue comes alive with a crowd, their safety is your top priority. But the unexpected can happen. What if:
- A patron trips and falls down the stairs
- An active shooter opens fire during intermission
- A performer or staff member unintentionally causes injury to an audience member
These examples illustrate the importance of comprehensive insurance. We identify potential coverage gaps in general liability policies and help you secure the right insurance for each production.
Workers’ compensation
Many entertainment venues rely on employees to handle the physical demands of event preparation, such as load-ins, load-outs, and reconfiguring the space for each show. These activities carry a risk of injury, which can lead to a workers’ compensation claim.
In addition to assisting with workers’ comp coverage, we help you assess facility risks that could lead to workplace injuries. Our Pro Safety Team can assist with employee training on a variety of topics such as safe lifting and vehicle loading. We’re here to support your team’s well-being.
Loss control and property protection for entertainment venues
Comprehensive property insurance is only one element in managing the risk for your facility. Our Loss Control Team can help you identify risks both inside and outside your facility that may be affecting your insurance pricing. For example, did you know pollution from a neighboring property could pose an environmental liability for your entertainment venue? We recommend practical steps, beyond just insurance, to help you manage the total cost of risk.
Managing hospitality risks
If your venue serves food and drinks — even just pre-show concessions or cocktails during intermission — you face additional risks tied to hospitality services. From liquor liability to kitchen fires, these exposures require specialized attention.
We offer risk management solutions that extend beyond your core entertainment operations, so you can more fully protect your balance sheet.
Coverage for community programs
Many entertainment venues are more than businesses — they’re community anchors. Whether you’re hosting summer camps for kids or running outreach programs, you need to plan for the possibility of abuse and molestation claims.
We walk you through the risk mitigation measures insurers want to see (i.e., formal risk protocols, two-deep leadership, and staff training) and help you secure the right insurance to shield your organization.
Safeguarding your revenue
If an unforeseen event forces a production to shut down, lost revenue (or sunk expenses for events that don’t turn a profit) can have a severe impact on your venue’s financial health. Risk Strategies tailors event cancellation and non-appearance insurance for your venue and shows.
The value of a broker who speaks your language
Most entertainment venues don’t have the budget for an in-house risk manager. As a broker, we serve that function for you — as your outsourced risk manager.
Acting as an extension of your team, we work with the nitty-gritty details of your insurance policies and much more. Together, we’ll ensure your venue is ready to handle the risks — and the rewards — of entertaining your community.
