Also, umbrella coverage is usually more cost-effective than purchasing separate policies for various risks. Insurance broker Cain feels there's a good chance the insurance industry is going to have to recoup some of its losses due to hurricanes Andrew and Iniki. While increases are not expected in 1993, substantial increases may be seen in 1994. Buttine expects increases of 10 to 15 percent on liability, property and cancellation policies. Although being a full-time risk manager will probably never appeal to those who crave the excitement of show management, it is nonetheless a job skill worth cultivating.
Show business is, after all, a risky business.
Copyright 1993 by EXPO Magazine. All rights reserved.