outlined the risks in April, stating that the sector was concerned that the “frequency and severity” of weather events would push premiums up significantly, and even make some areas uninsurable., the amount of money an individual or business may pay for an insurance policy. According to Australia’s insurance regulatory body, gross public and private insurance premiums rose by 7.5 per cent between 2019 and 2020.
An Insurance Council of Australia spokesperson said the market for public liability insurance, which covers live music events had tightened over the past two years. Select Music executive chairman Stephen Wade says the live music industry is stuck between a rock and a hard place as putting on a good show becomes riskier than ever.chief executive Stephen Wade, who is also chairman of the Australian Live Music Business Council, echoes this sentiment. As an agent for some of Australia’s biggest names in music, Wade is responsible for handling live bookings for artists including Lime Cordiale, Rufus Du Sol and Baker Boy.
CarlaJaeger17 New threat? How? First we were told less rain & endless droughts were the result of Climate Change. Now it's more rain and floods?
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