We have a large book of entertainment insurance in the Midwest including several record companies and venues, the individual artist is not a difficult market, but before you start marketing the risk, you have to answer a number of questions
The first question to ask is what type of coverage they are looking for, General Liability? are they individuals, corporations, LLC, partnerships, other? Equipment coverage, should be written on a equipment floater for instruments, sound equipment, lighting, what about the auto coverage since they are traveling, owned, non-owned, hired, leased - liaiblity, physcal damage of leased, non owned vehicles, what about injuries to the participants, they are probably not being paid,nor are they employees, so do you feel workers comp in Indiana would apply? are they classified as volunteers, independent contractors, owners? Is there a DBA or informal partnership that is not registered or filed with the state, the question of who is the insured and who has insurable interest become interesting questions that need to addressed before any policy is issued. In addition, for most of the informal bands, the owner of the instruments and equipment is not the band but the band members, they must be shown as loss payees and additional insureds under the equipment floater if they are not shown as the named insured.
Once you look at moving forward, there are several great markets including K&K, Abacus, and Encore Entertainment that would look at them, if they are individual artists, the premiums will be hefty with $1,000+ min premiums. Contact me if you need any other assistance or have other questions my email is
Steve@Paczolt.com