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Peter Tempkins has been in the insurance business, specializing in music, since 1987. He spent 11 years with Haas & Wilkerson (1987-1998), starting in New York and moving to Nashville, where he now works at DeWitt Stern Group (1998-present). Over the years, he has worked on numerous music accounts, most notably, Alice Cooper, Crosby Stills & Nash, the Bee Gees, Stone Temple Pilots, Limp Bizkit, Redman, Steve Earle and freight forwarding company Speed of Sound. Peter may be contacted at (615) 843-9697; e-mail ptempkins@dewittstern.com. What types of insurance are needed for a concert or event? Are concert insurance rates going up? Have you observed any noticeable trends in your industry? What are your feelings about general admission concerts in arenas? Will the young girl's death at the Big Day Out festival have an effect on promoters' insurance rates for similar events? What are your feelings on day-long festivals? How important is rain insurance for an outdoor event? Best Business Decision Worst Business Decision Greatest Challenge First Industry Job
The only policy required by law is workman's comp. Most artists have general liability, some kind of equipment or property policy and business auto policy to cover owned and/or hired and non-owned auto. I also recommend an umbrella policy. A promoter and/or vendor would have the exact same policy.
Yes, but right now on general liability I am holding my clients' rates where they have been. Insurance companies want to start raising premiums; I'm not sure how high as it has not affected my clients or myself yet. There has been a rise in rates for non-appearance. The increases have been substantial.
Artist representatives
If they are done correctly with security and crowd control they will be fine.
Most likely, but to what extent I'm not sure. Again most insurance companies will look at security, crowd control and medical facilities.
I have no problems with them. Again I think it is important to look at security, crowd control and on site medical. One thing that should be addressed is making sure there is adequate water for people to get hold of. One of the biggest complaints we have been hearing about is how expensive water and soda are. If you have a captive audience for a day long festival $5 for water or a soda is a fortune.
It all depends if the event is rain or shine. If you are not counting on a big walk up crowd then it is not important. If you are depending on a big walk up or if "X" amount of rain would cancel the event, then it is very important. When buying this coverage people have to look at what they really need and what the really need to buy.
Joining the Dewitt Stern group and starting Dewitt Stern of Tennessee.
Glad to say I have not had one yet.
Not compromising my business values and beliefs.
Working for Walter Howell. At the time, the company was called Walter Howell and Associates. It then became SRH Agency. Walter then sold the company to Haas & Wilkerson.
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