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Insurance is generally looked upon as a standard cost associated with running a business. Insurance premiums will vary according to the scale of your operation and the type of policy and amount of coverage you buy.
When addressing this question, it is necessary to assess the risk to which you or your company may be exposed. A risk assessment examines the nature of your operations, the nature of accidents or property to be insured, events that could occur and the ability of your organization to sustain itself should one or more of those events occur.
The most basic type of insurance that should be considered by dance organizations is Public Liability, which, depending on your policy, can cover an organization for:
- General liability in respect of bodily injury, illness or disease to a third party.
- Tenants' Legal Liability.
- Medical Expenses.
- Participants' Liability.
Other types of relevant insurance policies are Officers' and Directors' Liability, Disability and Business Contents.
FACT
- The majority of performance venues require you to have Public Liability coverage prior to hiring their space.
TIP!
- An insurance broker can assist in finding and pricing appropriate policies for your organization.
Article originally contributed by Meredith Potter
LINKS:
The Canadian Centre for Occupational Health and Safety
(See - CCOHS Health & Safety Internet Directory - Public Safety)
http://www.ccohs.ca
SHAPE
(Safety and Health in Arts Production and Entertainment)
http://www.shape.bc.ca
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