Whether you run a DJ business or an event planner business, you’ll need entertainment insurance to protect your company. Entertainment insurance from Provide starts with event cancellation insurance, so that you’re protected from liability if events can’t happen and your clients suffer losses. You’ll also want to cover yourself against staff injuries and Covid-19 infections, public liability, and property under custody damage.Â
It’s quick, tailored, and affordable cover with Provide.
|
Cover |
Explanation |
Importance for retailers |
|
Covers: –         Store premises –         Inventory –         Equipment –         All other store contents –         Plate glass (e.g. shop windows) |
Critical |
|
|
Covers liability if customers get injured in your store. Covers liability if you damage other people’s property (e.g. during renovations/repair work). |
Critical |
|
|
Covers work-related injuries/sickness, including Covid-19 infections. |
Critical |
|
|
Covers employee’s stealing money from you. |
Good to have |
|
|
Covers hacker attacks, liability from PDPA/data breaches, corrupted systems, and more. |
Critical for online retail stores/ e-commerce businesses |
Event cancellation insurance
Â
If your events get cancelled, you could be left to deal with significant costs from suppliers or partners, who still need to be paid for the work they’ve done. Event cancellation insurance will pay you a lump sum if your event cannot be held due to unforeseen circumstances (e.g. weather, fire, etc.).
Property under custody insurance
Property under custody insurance will protect whatever property that you have been entrusted with. This could be sound systems, stages, tentage structures, etc. that belong to someone else, but have been loaned/contracted out to you for your event. If such third-party property gets damaged, you’ll be held liable for repair or replacement costs. Property under custody insurance will pay for such damage.
Public liability insurance
Public liability insurance will protect you from liability for injuries/property damage to third-parties. This is important, because if event attendees get injured, they can hold event planners liable for their medical expenses, and can file a civil lawsuit against you. If your event ends up damaging surrounding property (e.g. damaging walls while setting up tentage or stages, causing electrical faults via the sound system), then you will also be held liable. Public liability insurance will pay for lawyer’s fees if you get sued for third-party injury/property damage, and will pay for damages awarded by the courts.
Work injury compensation insurance
Entertainment industry workers can suffer industries while setting up, or hosting, events. Your staff could suffer falls. Tentage structures could fall onto workers. Your staff might also contract Covid-19, given the close proximity they’ll potentially have with event attendees, or with business partners when settuping up the event. Work injury injury will pay for the medical expenses of injured/sick staff, their lost wages while on medical leave, and for lawyer’s fees if you get sued for causing their injury/sickness.
Money insurance
If you collect cash payments from your event attendees, there is a real risk that this money goes missing or could potentially be stolen. Money insurance will pay for lost/stolen money, protecting you from suffering losses.Â
Fidelity guarantee insurance
If you collect cash payments from event attendees, it’s best to combine money insurance and fidelity guarantee insurance. Fidelity guarantee insurance will protect you from employees stealing from your business.
|
Cover |
Coverage amount (example) |
Typical premium |
Explanation |
Importance for entertainment businesses |
|
$100,000 |
From $100/year |
Covers: –         Store premises –         Inventory –         Equipment –         All other store contents –         Plate glass (e.g. shop windows) |
Critical |
|
|
$100,000 |
From $100/year |
Covers liability if customers get injured in your store. Covers liability if you damage other people’s property (e.g. during renovations/repair work). |
Critical |
|
|
$10 million annual limit (market standard, required by Singapore law) |
Sales assistant/cashier: $10/month, per worker Office-based roles: $5/month, per worker |
Covers work-related injuries/sickness, including Covid-19 infections. |
Critical |
|
|
$5,000 |
From $100/year |
Covers employee’s stealing money from you. |
Good to have |
– Save up to 25% on your premiums
– Compare quotes from multiple insurers
– Industry experts to provide tailored advice
– Available by phone 7 days/weekÂ
