Coverage for props, sets, costumes and equipment at the office, in transit to and from each venue, at the venue and whilst in storage.
General liability insurance to cover the legal costs to defend you should you be sued for having caused bodily injury or physical damage to a third party. If the court finds you guilty of negligence, the insurer will also pay the indemnity to the harmed person.
Example: part of a decor falls on the head of a spectator who sues you for loss of income having suffered a concussion which made him unable to work for 3 months.
Coverage for your office to protect yourself from the financial consequences of a physical loss due to fire, theft, breakage, water damage, etc. Property insurance can cover your:
- Furniture, computers, etc.
- Improvements made to your office space
Business interruption to cover extra expenses and loss of revenue following damage to insured property.
Coverage in case of cancellation to obtain reimbursement of costs and expenses incurred by you, that you are unable to recover should your production be necessarily cancelled, abandoned, postponed, interrupted or relocated.
Directors & officers insurance. Because a not for profit organization, its directors and officers can be held personally and jointly liable for acts or omissions that occurred while performing their functions. Directors and officers can be held personally liable for not having adequately monitored or managed the organization. They can be held jointly responsible for acts committed by other directors and officers who sit on the same board.
The common causes of lawsuits are:
- Breach of duties
- Employment practices
- Wrongful dismissal
- Misrepresentation or non-disclosure
Directors and officers liability insurance is liability insurance payable to the directors and officers of a company, or to the organization(s) itself, as indemnification for losses or advancement of defense costs in the event an insured suffers such a loss as a result of a legal action brought for alleged wrongful acts in their capacity as directors and officers.