Begin forwarded message:
I’ve been working with a friend to do some house concerts at her home. She had a problem with the last show we did – she had a faulty faucet that someone accidentaly left on, and the sink overflowed and caused about $10K worth of damage to her house. Unfortunately she had an issue with her homeowners – didn’t realize that her deductible was outrageously high, but she just renegotiated and now it’s just $1000 which is much more reasonable.
She’d like to continue doing concerts, but she wants to make sure she’s protected, and she doesn’t want to pay out of pocket for supplies. Is there any kind of protocol – any way to get affordable insurance for the shows? Alternatively, I was thinking the host takes like 5 or 10% from the door of each show to fund an escrow account that the host can use to cover supplies, to cover damage or insurance, or to help pay expenses related to the concert series, that aren’t necessarily directly related to that night’s performance. Do you know anybody doing something like that?
When I ran shows, we always just paid the expenses out of pocket, but she’s a little concerned, and after the water damage issue she’s even more concerned. Wanted to get your thoughts on it.