It’s not news anymore that the death and controversy surrounding the premature exit of music star, Ileri Oluwa Oladimeji Aloba, popularly called Mohbad, has continued to rage.
Aside from the gale of media reportage and groundswell commiseration rallies held in several states in the country and even abroad, underscoring the deep grief of his fans and other sympathetic admirers, the death of Mohbad has triggered necessity for entertainment stars and insurance operators to appraise the need for insurance in the nation’s entertainment space.
In 2021 alone, the music sector of the entertainment industry made up of artists, musicians, producers, promoters, managers, distributors and marketers employed about a million people and generated over $8 billion for the economy. Against the backdrop of this huge potential is the painful gaping hole of insurance, which is meant to create peace of mind for the operators as it also serves as a safety valve against any unforeseen circumstances that may happen to the lives and property of the operators.
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