Insurance for Theatres
Theatres are facilities built to hold concerts, plays, movies, political events, meetings, or programmes of various types. They are designed for large public gatherings. Theatres may sell items at gift shops, snack bars, or restaurants.
At Business Insurance Service, we understand not just the insurance industry, but the commercial sector too. Our brokers have years of experience and expertise in finding professionals from across all disciplines the right kind of Liability and Professional Indemnity insurance cover for professionals, giving both sole traders, SMEs, and large security operations the protection they need.
What Insurance does a Theatre need?
Minimum recommended cover can usually be arranged on a Commercial Combined policy to include Buildings, Computer Equipment & General Contents, Increased Expenditure, Employee Dishonesty, Public Liability, Employers’ Liability
Property exposure due to a fire starts with the extensive wiring for lighting, electrical, or electronic equipment. It must be in good repair and adequate for the equipment used. Other items that may contribute to fire losses are stage preparations such as building, painting, or gluing scenery and displays that use wood, plastic, or flammables. These materials must be properly controlled with flammables stored in approved containers and cabinets.
Premises liability exposure is high due to the large number of visitors on premises. Public and life safety code compliance is very important. Trips, slips, and falls are high concerns. Events are often held in darkened areas. Adequate lighting, marking of exits and egress are mandatory. Steps must have rails, be well-lit, marked, and in good repair. Security at events, as well as in the building, corridors, and parking areas, needs to be carefully reviewed.
Crime exposures are due to employee dishonesty and money and securities. Ticket sales and receipts recording should be separate functions. There should be reconciliation required of all ticket agents. All ordering, billing and reimbursement must be separate functions. Cash areas should be stripped on a regular basis and receipts deposited at least nightly.
Products liability exposure comes from any item that is sold in a gift shop, snack bar or restaurant.
Employers’ liability exposure is high. Employees who set up, build, or transport stage settings, equipment, lighting, and scenery have exposure to back injury, hernia, slips and falls, strains, or sprains. Stage and lighting setup may involve exposure to electrical shocks and burns. Above-ground exposures need additional protection and precautions to prevent falls. Employees responsible for collecting, counting, possessing and depositing money may be subject to hold ups. Security personnel may suffer injury from hold ups or unruly customers.
What other risks do Theatres face?
Other exposures can be high, with the wide variety of equipment for sound, lighting, and all types of scenery and displays. Musical instruments, computers, and the property of speakers, performers, and guests may increase the risk. If any owned equipment is taken off premises, the exposure to loss increases. Book debts cover may be needed if tickets are sold to season subscribers on an instalment basis. Deeds and documents are due to vendor, supplier, and performer contracts.
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How can Business Insurance Service help Theatres?
Whether you’re a sole trader or a small to large company, your insurance portfolio has to be up to date and provide you and your business with the right level of protection. Rather than trying to find liability or property insurance by hunting through countless websites, let us or our website do it for you.
We’re members of the British Insurance Brokers Association (BIBA) and work with some of the largest and best-known insurance providers in the UK, including Lloyds of London for larger, more complex and high-risk customers. We’re fully regulated and committed to delivering a premium quality, trustworthy and reliable service to all our customers, regardless of size.
As preferred brokers working with some of the largest insurance providers in the UK, we have immediate access to a huge range of policies for various businesses, including vets and surgeries. We provide our customers with a bespoke or package service, creating insurance portfolios that are specifically tailored to your individual needs, and your budget.