Short Term Theatre insurance now available Online through Front Row

Posted by David Hamilton on May 17, 2017 3:16:53 PM

Vancouver, Canada – May 19, 2017 -- Front Row Insurance Brokers Inc. is pleased to announce the launch of their new short term online SOLO theatre insurance program.

This will allow producers of a live performance to obtain quotes for short term venue rentals and equipment in less than five minutes 365 days a year 24-hours a day. A policy can be purchased online and all associated documents can be downloaded in less than ten minutes. Given the flexibility of the online tool, theatre producers can purchase coverage on the day they need it. A large web development firm worked with Front Row to help bring the best product to market. 


Theatre insurancePolicy terms are for up to 4-weeks and coverage is provided anywhere in Canada. Equipment rental company and venue certificates are unlimited and provided for free. The certificates are delivered instantly. The program is available effective immediately across Canada. 

Get a quote in 2 minutes

The risks that can be covered are: rehearsing, producing or presenting a theatre, dance, opera or other live performance.

The Solo Insurance program can be purchased online with a credit card and can include the following coverage for up to 4-weeks with no minimum premium:

  • Up to $5,000,000 in General Liability Coverage
  • Optional Theatrical Property coverage for Equipment, Props, Sets, and Wardrobe
  • Additional Insured certificates for your venue(s) for no additional cost.

“Small start-up theatre companies are the future of the theatre industry and the future of our business,” said David Hamilton, President + CEO of Front Row Insurance. “We wanted to find a way to lower the cost to insure their projects as much as possible and deliver the coverage with a minimal effort and time. Our soft launch test phase resulted in excellent feedback from producers.”

The website is: https://stagelive.frontrowinsurance.com/

About: Front Row Insurance Brokers Inc. is an independent entertainment insurance broker that works on behalf of live entertainment producers to transfer their risks to insurance companies for the lowest possible cost. Should a claim occur, Front Row ensures that the producer receives the money that they are owed per the insurance policy, as quickly as possible. Front Row has offices in Vancouver, Toronto, Montreal, Los Angeles, New York, Nashville and Paris.

Contact:
David Hamilton, President
david@frontrowinsurance.com
Ph: 604-684-3456

Tags: Theater Insurance, Live Show Insurance, production liability insurance for theatre

Cast Insurance For Live Performances: Making The Decision Before You Have a Deal

Posted by Steve Beatty on Jul 9, 2015 10:08:00 AM

Here’s a scenario:

You successfully pitched the project, secured the financing, cast a couple of great lead actors in the Theatre Insuranceroles and now you need to get all of the other pieces in place for the show. Of course you need some production insurance, and on this show you want some Cast Insurance on your two leads. They’re both integral to the show and it would bad for you and your investors if an illness, injury, or worse, was to prevent one or both of them from appearing. It’s not a long run; scheduling will make it hard to extend it, so insurance is the way to go to cover the financial exposure of something going wrong with the actors.

You connect with the broker and he tells you a medical will be required on each actor. You think, “ No problem - both are young and healthy”, but your contracts with them doesn’t say anything about insurance. One of their Agents pushes back, but in the end it’s agreed that the actor will see the doctor.

The medical is received, but … (as the reader, I’m sure you knew there was going to be a ‘but’ coming) … when the insurance company reviews it, they make note of a history of a medical condition that concerns them. The underwriter researches it and speaks with her company’s consulting physician and learns that the condition is exacerbated by stress and can really flair up if the person becomes fatigued. This is a rigorous and physical show with 6 shows a week. You begin to be concerned.

The insurers decide this is a risk they don’t want to insure. Now your concern elevates. The financial risk is high and, if the health condition becomes an issue, you will likely need to cancel the show as there won’t be time to re-cast and rehearse a new actor into the remaining scheduled performances.

As a broker, I have seen this scenario play out many times. So how can it be avoided? What are the steps a Producer can take to protect themselves from facing a major insurance policy exclusion that leaves them with a big financial exposure?

I recommend that Producers start thinking about Cast Insurance when they are budgeting their show. If you aren’t able to work the cost of understudies or swings into your budget, or if the success of the run could be affected by the loss of a lead-role actor, then you should be including Cast Insurance as a line item in your show budget.

So what are some things you should think about?

  • Put it in the contract. Your deal memos or engagement agreements should always address the insurability of the actor and should secure their consent to see an approved physician for a medical exam.
  • Talk to your lawyer. A pre-signed medical would be ideal, but this could leave you with a discrimination exposure if you decide not to hire based on the findings.   It may be appropriate under certain circumstances, but talk to your lawyer before going down this path. Sometimes the process of negotiating the medical and insurability clause will open a discussion about something that could present an insurance issue.
  • Medical and health-related information obtained through a Cast medical is extremely valuable. As Producer you will be privy to information about conditions which could affect the actor and impact your show.
  • Cast Medical Insurance can exclude pre-existing health conditions, drug, alcohol & substance abuse, psychological disorders and performance issues such as voice or movement-related issues. If your financial risk is too high because of a health-related exclusion then you need to be able to rely on your contract with the actor to provide you with a remedy. Without the protection of a contract, you may have to accept the exposure of a policy exclusion.
  • Think about their family. The death of an immediate family member during the run will result in the actor needing to take time away from your show. How will you address this? Your insurance coverage can include Family Bereavement coverage to help deal with the costs of an unexpected cancellation, postponement or interruption.
  • Build a schedule that works. When faced with an insurance exclusion, think about how you can schedule your shows to allow time for the person to care for themselves or time for health-care support. Be sure that the actor can maintain their usual health protocols while on your show: their personal wellness is a priority.

 

Cast insurance can be a key component of managing the financial risks of a show. It can be used effectively to pay committed production expenses, reimburse pre-production costs and pay for sunk expenses such as media & marketing, and it can be used to pay additional costs associated with re-casting or re-scheduling shows. But, you need to have good information that enables you to develop a contingency plan for dealing with a problem if it occurs.

As with most things, information and communication are key to structuring a plan for managing cast-related risks, so open the dialogue early, build the insurance costs into your budget, and go out and cast those amazing actors in your show.

Tags: Cast Insurance, Live Show Insurance, Actors Insurance, Cast Insurance for live performances, Theatre company cast insurance

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