Entertainers And Performers Insurance North Carolina Policy Information
Entertainers And Performers Insurance North Carolina. Whether you sing, dance, act, do impersonations, paint, juggle – or you're any other type of entertainer or performer – you live to make people happy. The thrill of seeing the joy that your art brings to the faces of others is priceless!
However, being an entertainer or a performer in NC is a big responsibility, and one that is not free of risks. In your industry, you face a lot of the similar hazards that other professionals face; there are liabilities that are unique to your industry, too.
While you make every effort to ensure that the show goes off without a hitch, you never know when something that will come up that you weren't expecting. Fortunately, there's a way to protect yourself from the unexpected. How? By investing in the right type of entertainers and performers insurance North Carolina policy.
Entertainers and performers insurance North Carolina protects your firm from lawsuits with rates as low as $27/mo. Get a fast quote and your certificate of insurance now.
Why Do North Carolina Entertainers And Performers Need Business Insurance?
Whether you run an operation or you're an independent contractor, if you're an entertainer or performer, you're in charge of your business. Like any other business owner, you are liable for any mishaps that may arise.
If a member of your staff suffers a work-related injury, as their employer, you're responsible for their medical care and lost wages while they're recovering. If you damage someone's property – or even if someone claims you damaged their property – you are responsible for making any necessary repairs and the legal fees that could be associated with a lawsuit. If a fire breaks out in the business you operate your business out of, you have to pay for the necessary repairs.
The costs that are associated with the above-mentioned situations – or anything similar – can be astronomical. Imagine if you had to pay for them out of your own pocket? The end result could be crippling; your savings could be depleted, you could lose your business, and you could even lose your home, if you don't have the right entertainers and performers insurance North Carolina policy.
If that doesn't sound appealing to you, then business insurance is an absolute must. If an unforeseen event does occur, instead of paying these expenses yourself, your insurance company will pay them for you. In other words, entertainers and performers insurance North Carolina could protect you from financial ruin.
What Type Insurance Do Entertainers And Performers Need?
As an NC entertainer or performer, the type of insurance you need depends on the specifics of your business; the type of work you do, where you are located, whether or not you employ a staff, etc. Do you entertain at local fairs, festivals, special events, private parties, convention or tradeshow booths or elsewhere? To determine exactly what type of coverage you require, your best bet is to speak with a reliable agent who specializes in commercial insurance.
While the specific entertainers and performers insurance North Carolina you need will vary, here's a look at examples of some of the most basic policies that should be considered at the minimum:
- General Liability - This type of insurance covers third-party liability claims. For instance, if a client files a lawsuit against you, claiming that you damaged their property or caused personal injury, your insurance provider would cover the cost of any legal defense fees and damages that you may be required to pay.
- Commercial Property - Do you operate your business out of a commercial space? Whether it's a small office or a larger venue, you should invest in a commercial property insurance policy. If a fire breaks out, a pipe bursts and floods your office, or someone breaks, steals from, and vandalizes your space, commercial property insurance will cover the cost of most repairs. It will also help to pay for anything that needs to be replaced.
- Workers Compensation - Do you have a staff of performers, agents, managers, or anyone else who works for you? If so, you'll need to carry a workers' comp policy. If any member of your team suffers a job-related injury or illness, workers' comp will help to pay for the medical care that they require. It also covers any wages that may be lost while they're recovering and unable to work; among other associated expenses.
- Commercial Auto - Whether you use a single vehicle or an entire fleet for your entertainment business operations, commercial auto is a must, too. If you or a member of your team is involved in an accident, this policy will cover the cost of any damages that someone else's vehicle or property sustains.
In addition to these industry specific coverage types, you may need other types of entertainers and performers insurance North Carolina for your business that are not mentioned above.
NC Entertainers And Performers
Entertainers and performers insurance North Carolina is designed for independent contractors entertaining at local fairs, festivals, special events, private parties, convention, or trade show booths. Coverages provided include important liability protection for the entertainer or performer for liability claims arising out of their operations.
Below are some examples of entertainers that should have business insurance:
- Acrobatic / Aerialist performer
- Actor Portraying Historical Person (Actual or Fictional)
- Actor or actress
- Balloon Artist
- Belly Dancer
- Caricature Artist
- Celebrity Look-a-like
- Circus performer
- DJ / Karaoke DJ
- Escape artist
- Exotic dancer
- Face/body painter
- Fire handler
- Group acts or bands
- Henna/Mehndi artist
- Holiday character
- Individual musician/singer/vocalist
- Ineligible Operations
- Mascot (college, high school, professional)
- Performer putting on an athletic exhibition
- Performer using weapons (with live ammunition or sharpened blades)
- Permanent tattoo artist / body piercing artist
- Production/entertainment companies
- Psychic/fortune teller
- Public speaker
- Rap, hip hop, electronic/techno or heavy metal/screamo entertainer, performer or DJ
- Singing telegram deliverer
- Story teller
- Strength performer
- Stunt performer
- Touring entertainer/performer
- Western Performer
NC Entertainers And Performers Insurance - The Bottom Line
With a the right Entertainers and performers insurance North Carolina policy, you will be covered should your act cause damage to another person's property, or if you injure someone during your act. Without a liability policy, any claims resulting from your act will come out of your own pocket. To find out exactly what type of coverage you need and how much you should invest in, speaking to an experienced commercial insurance broker.
North Carolina Economic Data, Regulations & Limits On Commercial Insurance
For business-savvy individuals who are looking to establish operations for their corporation in North Carolina, having a firm understanding of the economic status of the state is essential. It's also crucial that business owners understand what the regulations and limitations for commercial insurance in the state. Below, we offer an overview of the economy and insurance requirements in the Tar Heel State.
For any business owner who is thinking about establishing a NC based organization, it's essential to first understand if the state is considered a healthy location for your enterprise. Before you set up shop, understanding key details that are related to the economy of the state, in addition to what type of commercial insurance is mandated is essential.
Economic Trends for Businesses In North Carolina
Job growth is promising in NC. Between 2017 and 2026, it is estimated that 389,000 jobs will be created within the state. In 2017, the unemployment rate within the state continued to fall at a steady rate; however, as of March, 2019, the state's unemployment rate rose 0.1 percent, a slight increase. Though the unemployment rate in North Carolina is slightly higher than the national average (0.2 percent higher), the forecast is positive, with rates holding steady in the coming years.
As of January, 2019, the unemployment rate did increase in all 100 North Carolina Counties; however, the rate is still lower than it was during the early 2000s. With an unemployment rate of 3.6 percent, Asheville had the best labor market in January, 2019, while in Rocky Mount, the rate was 6.0 percent, the highest in the state.
It is predicted that the following industries will contribute the most to NC's labor market through the year 2026:
- Aerospace and Defense
- Biotechnology and Pharmaceuticals
- Business and Financial Services
- Computer- and Mathematics-related occupations
- Food Processing and Manufacturing
- Furniture Production and Sales
- Health Care and Social Assistance
- Outdoor Recreation
- Plastics and Chemicals
- Professional, Scientific, and Technical Services
Commercial Insurance Regulations and Limits in North Carolina
Every industry is required to comply with state-mandated commercial insurance regulations in the state of North Carolina. According to state law, all businesses that employ three or more workers must carry workers' compensation insurance. Businesses that rely on vehicles for their operations must also carry commercial automobile coverage. Organizations that operate in areas that are prone to flooding must also carry commercial flood insurance. Additional forms of coverage may be required, as well, depending on the specific industry that a business operates under.
Additional Resources For Arts & Recreation Insurance
Read up on small business arts and recreation commercial insurance.
- Amusement Parks
- Archery Ranges
- Athletic Fields
- Billiard And Pool Halls
- Bowling Alleys
- Cave Tours
- Dance Studio
- Disc Jockey DJ
- Drive-In Theaters
- Entertainers And Performers
- Event Planning
- Fairs And Fairgrounds
- Film Production
- Fine Art
- Guides & Outfitters
- Handball & Racquetball Courts
- Horse & Dog Racetracks
- Indoor Sports Complexes
- Interior Decorator
- Interior Design
- Motorsports Racetracks
- Photo Booth
- Recording Studio
- Recreation Centers
- Riding Stables
- Roller Sakting Rinks
- Shooting Ranges
- Skeet & Trap Shooting Ranges
- Ski Resorts
- Talent Agency
- Tennis Centers
- Video Arcades
- Wedding And Special Event
Commercial insurance policies for arts, entertainment and recreation are specialized policies that protect against the unique risks that arts and recreation businesses face.
Performing artists and companies, entertainers including musical groups, theatre groups, comedians and more, writers, performers, photographers, videographers, DJ's and so many other types.
Professional liability coverage (errors and omissions) is needed in these cases to protect their financial interests due to mistakes, errors or omissions by these professionals in doing their jobs. Fr example - a bride and groom did not like the way their wedding photos turned out.
Or a wedding planner might plan a lavish wedding, but the bride's parents who are paying for it did not like the way it went. There is a lot of gray areas with arts, and you need to be protected if your clients don't agree with you that your work was what the agreed to.
If your business is involved with children, you need to review your coverages very carefully so certain important protections are not excluded. Abuse and molestation insurance might be needed to fully protect yourself in this instance.
Minimum recommended small business insurance coverage: Business Income with Extra Expense, Employee Dishonesty, Money and Securities, Accounts Receivable, Commercial Articles Floater, Computers, Valuable Papers and Records, General Liability, Employee Benefits Liability, Umbrella Liability, Hired and Non-owned Auto Liability & Workers Compensation.
Other commercial insurance policies to consider: Building, Bailees Customers Floater, Money and Securities, Cyber Liability, Employment-related Practices Liability, Business Auto Liability and Physical Damage and Stop Gap Liability.
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Also find North Carolina insurance agents & brokers, NC local small businesses by General Liability Class Code and learn about North Carolina small business insurance requirements for general liability, business property, commercial auto & workers compensation including NC business insurance costs. Call us (704) 703-1413.