Why Concert Insurance Is Must for Any Music Promoter

Life on the road as a music promoter can be thrilling but as they say it is rife with challenges. This is perhaps the reason is why being a music promoter is one of the toughest jobs in the industry. You are responsible for the musicians, their instruments; the sound and lighting equipment used during the event and of course your fans. Be it a rock show or a classical event you can afford to take no chances while arranging an event and plan it out meticulously. But even the best of planning and arrangement may not be able to prevent an unfortunate event on the day of the show, prior to it or after it has been successfully organized. In such cases the only thing that you can turn to is your insurance plan. Concert insurance has become popular among all professional music promoters and there are many reasons you should invest in such a plan.

The Risk To Fans & Musicians

Irrespective of the size and scale of your event there is always an element of risk that the musicians and fans are exposed to. The temporary stage that you create for the concert may cave in and cause injury to the fans and those performing. A section of the crowd may turn violent or be overwhelmed leading to injuries. In all such cases without a concert insurance plan you would have to deal with third-party claims, settle medical bills, loss of wages and deal with other types of compensation. An insurance plan with liability coverage would shield you against such claims. They cover medical costs for all who have suffered injuries during your event or when the crew members are setting up or dismantling temporary structures erected for the event. These plans also cover any damage to the indoor or outdoor property while staging the event.

Damage To The Equipment

Like fans and musicians the equipment used during the event are also at great risk at various stages during the event. All the equipment has to be transported to the venue and from it before and after the event. There is also a process of loading and unloading equipment exposing them to the risk of breakage. Also there is the risk of the equipment suffering damage during violence or when there is any other kind of damage to the property during the event. A concert insurance plan would cover total or partial damage to the equipment and take care of the repair and replacement costs involved. They also take care of the damage and loss of equipment whether self-owned or rented when it is being transported from one location to another.

Concert insurance plans offer you the financial protection that you need while organizing events. They also take care of your needs in case of cancellation of events due to bad weather and other reasons. While choosing a plan make sure it covers risks which even have the remotest possibility of occurrence. They should offer you complete peace of mind and let you focus on making the event successful.

What Is HMO Health Insurance Coverage?

Let’s Talk HMO

HMO Health Insurance means Health Maintenance Organization. It’s a type of health insurance where its members “prepay” premiums for the HMO health service. The HMO is an organization that assumes legal responsibility for costs of care of the insured and the health care services of its members. The HMO “contracts” with health care providers, doctors, hospitals and other health care professionals. For this reason, HMO members are required to use those health care providers who participate in the network. The services are then coordinated by the PCP (primary care physician) who is chosen by the insured from a list of participating providers.

When your health insurance coverage is provided by an HMO, your PCP will “manage” all medical care, including being referred to specialists such as surgeons and cardiologists. As an insured, if you choose to obtain services and or treatment from a non-network provider, you will be required to pay for most of the cost yourself. But remember, an HMO can’t require referrals for emergency room care, so an HMO will pay for that treatment without a referral.

The Ins And Out’s Of HMO Coverage

There are certain aspects of a Health Maintenance Organization at www.sbobetv88.com that an insured should understand. A co-payment is the type of cost sharing when the insured person pays a determined fee for the service or a percent of the amount that is allowed as reimbursement for the covered service. This is sometimes referred to as “co-insurance.”

A deductible is the amount the insured must pay before any insurance payments for covered services begin. Remember, there may be costs, separate from deductibles that apply to certain types of services obtained. There are also exclusions. These are conditions, situations and other services not covered by the plan.

Although some HMOs are beginning to offer more choices in the plan, once an insured selects a primary care physician, he or she should discuss past history such as pre-existing conditions that could also affect the specifics of the HMO.

What Is PPO Health Insurance Coverage?

What Is PPO Coverage

A Preferred Provider Option, also known as preferred provider organization and participating provider organization, is a type of managed-care organization. With a PPO, the health insurance companies have special contracts with certain providers to offer health care at reduced rates for consumers. Along with an HMO, the PPO is the most popular type of health insurance available in America.

Preferred provider organization charge an access fee to the insurance company to use their network. They negotiate with providers to handle provider disputes and set fee schedules.

Benefits Of A PPO

One of the benefits of a Preferred Provider Option is the flexibility it offers. While it is more expensive than an HMO, it offers greater mobility in choice of doctors and hospitals. If you are getting your health insurance through www.galaxyqq.co employer, then you may have the option of an HMO or a PPO.

Unlike an HMO, PPOs do not require the policy holder to choose a primary care physician. As longs as you choose a physician that is on their provider list, then you can see them at will. However, the PPO is more expensive and typically costs more out of pocket than an HMO. With a PPO, there is usually a co-pay for visits and a deductible that needs to be met before the insurance company will begin to cover expenses. This deductible can be anywhere from $500-$2,000 per person or up to $5,000 per family.

Even with the increased cost a PPO can still be a better option for some. Physicians may be more willing to prescribe certain medications or tests if you use a PPO instead of an HMO. Because HMOs can be so financially restrictive, some physicians may be leery of okaying tests and procedures that the insurance company won’t pay for.

What This Means For Health Care Reform

With health care reform at the fore front of everyone’s’ minds, you may be wondering what the pros or cons are of a public option. Actually a public insurance option would include a PPO also. If the government takes over health care completely, health care costs will decrease but the flexibility may vanish.