Almost every industry requires insurance to protect them against financial losses. The entertainment industry is no exception. But unlike others, the plausibility of injuries and unexpected outcomes in this industry is significantly high. 

Sports and Entertainment insurance assist to protect your company and its associates from getting sued and suffering financial downfalls. It offers coverage that every other insurance does, but it also addresses specific risks that are particular to this industry. 

It is disheartening to know that not every company that’s part of this industry pays attention to their insurance. This article would provide every necessary detail you need to know about sports and entertainment insurance. 

Who Does This Insurance Help?

The entertainment industry is a broad term that houses a lot of subcategories inside of it. Sports is one of them. Unfortunately, this industry encounters a huge number of legal claims, employee problems, and injuries. 

All of these could easily disrupt a company’s financial flow or might even put an end to it. This makes insurance a necessity. 

The entertainment industry vaguely includes:

  • Television, film, and video producers.
  • Entertainers such as musicians, actors, sports players, directors, etc.,
  • Services providers who manage lighting, sound, props, and costumes.
  • Concert halls, theatres, and stadium owners. 
  • Photographers, videographers, Broadcasters, and event planners. 
  • Coaches and managers. 

The Liability Coverages It Offers:

1. General Liability

Primarily, it offers you protection against bodily injuries and property damage. While purchasing a policy, make a list of all the exceptions that it comes with. It usually ends up in coverage gaps. Liquor liability is a usual exception that’s found in this insurance. 

2. Third-Party Property Damage

The general liability insurance that you have would often exclude coverage to any property that you don’t own. This means that your insurance wouldn’t cover accidental damage to a third-party property like a film location or a stadium. You’ll have to pay out of your pockets for any property owned by someone else if you don’t possess this. 


If you are renting out your property as venues for special events, you must possess Tenants’ and Users’ Liability Insurance Policy (TULIP). This protects not just your property but also the party who has rented it throughout the duration of the event. The renting party usually must pay a premium for availing such an insured property. 

4. Errors & Omissions

The managers from this industry usually refer to E&O insurance as media liability insurance. It will keep you covered from third-party claims that are accusing you of using their ideas, plots, musical compositions, names, and titles. This policy can either be short-term (for a single project) or long-term (for a few years).

5. Equipment Floater

Entertainment firms usually own lights, cameras, sets, props, and wardrobes that they transport from job to job. An equipment floater will offer coverage for these moveable items while they are in transit. It is important to pay attention to the coverage territories before buying them. 

Other Interesting but Essential Coverages You Get:

1. Negative Popularity Coverage

Negative popularity is a serious threat to any active person in the entertainment industry. This policy extends its coverage to any financial losses that you may encounter during this period. 

2. Cast Insurance

Delay in film production due to illness, death, or disability of a cast member is more common than you think. In some cases, it could even cancel an on-going project midway. Needless to say, that production house encounters huge losses but with cast insurance, you’re safe.

3. Business Auto

The entertainment industry needs its members to travel more often than any other industry. A business auto coverage will help you overcome any losses due to injuries and property damage through auto accidents. Non-owned auto and hired auto coverages can help you add an additional layer of security.


Despite being fully aware of the potential problems that improper insurance could get them into, the entertainment industry is still ignorant. The managers make excuses for not possessing proper insurance. Here are 6 Excuses Sports Organizations Make While Getting Sports Insurance. 

Tracking your insurance and keeping them updated is equally important. If you’d like to automate the process of tracking insurances, try reaching out to our COI Tracking experts at (262) 205 0222 and Request A Free Demonstration.