Motion Picture Theater Insurance
There are more than 39,000 indoor movie screens in the US, and about 595 drive-in screens (Source: National Association of Theatre Owners). If you’re in charge of any of those, it’s important that you get the best insurance coverage possible so that people can feel comfortable either watching a movie or working in your theater. Getting to know the coverage you’ll get with your motion picture theater insurance policy is a start.
Motion Picture Theaters Need The Following Insurance
Business Liability Insurance (GL): When you run a successful movie theater, you can expect to see hundreds or possibly thousands of people visit your business every day. While this is great for your bottom line, it can turn into a disaster if you don’t have motion picture theater insurance with general liability, because there are many ways people can get hurt in a theater. Someone watching a movie could trip over someone’s feet and break a bone, suffer a heart attack during a scary movie, or choke on popcorn. Regardless of the injuries, you might be responsible for their medical bills unless you have general liability, which can pay for those expenses. Liability also covers the cost to replace or fix a customer’s personal property if it gets broken or stolen at your theater.
Business Personal Property Insurance: If you want your motion picture theater to be popular among movie viewers, you need to keep it clean and comfortable. BPP makes this easy to do, since this part of your motion picture theater insurance policy can pay for repairs when necessary. So if an electrical fire burns down some or all of the theater, or if sewer backup ruins the floor, BPP will pay to rebuild or renovate the theater as needed. This is helpful when you need to get the building back in great shape right away so you can stay open for business.
Workers Comp Protection: Movie theaters usually employ several people, and they all deserve the protection that comes with workers comp. Your ticket takers, concession stand workers, box office employees, and janitors all could get hurt on the job in one way or another. When this occurs, they need to know their hospital bills will be paid for by your motion picture theater insurance policy. They will also need their missed wages covered if they need to miss work. If you do not get workers comp, you might end up paying for these expenses, along with possible legal fees if your employees decide to sue you for not covering their costs. Clearly, it’s much simpler to make sure workers comp is part of your motion picture theater insurance policy from the beginning.
Umbrella/Excess Liability: Though general liability is usually enough to cover the costs when one person is hurt at your theater, it might not be sufficient when several people are injured at once. For example, if there is a fire or heavy equipment falls onto the seats, you might be responsible for hundreds of thousands of dollars in medical bills. That’s when you will be glad to have excess liability, which expands your liability coverage.