Curtains up, risks down: how insurance keeps pantomime magic alive

But what happens when the unexpected strikes? A cancelled show, damaged set, or injured performer can turn a dream production into a financial nightmare faster than you can say “He’s behind you!” That’s where specialist commercial insurance steps in, ensuring the show goes on – and the drama stays on stage, not in the accounts department.

Our expert team has provided key updates below that brokers can share with their clients in the events industry who create the festive magic. These insights are designed to help businesses understand the risks they face and the tailored solutions available to keep their productions protected.

The hidden risks behind the spotlight

Local productions – from community theatres to regional festivals – face unique challenges. While budgets are smaller than West End or Broadway shows, the risks are just as real. A single mishap can lead to significant financial loss, reputational damage, and even legal disputes.

• Average cancellation costs for small UK performing arts events can range from £5,000 to £20,000, covering venue hire, marketing, and ticket refunds.
• Around 30% of claims for local theatre groups relate to equipment damage or theft, such as lighting rigs and costumes.
• Public liability claims are common – slips, trips, and falls among audience members account for a large proportion of incidents at smaller venues.

Why specialist cover matters

Standard business insurance often falls short in addressing the nuanced risks of entertainment and performing arts. Specialist commercial insurance is designed to cover scenarios such as:

• Event cancellation due to illness, venue issues, or unforeseen circumstances.
• Property damage to sets, costumes, and technical equipment.
• Liability protection for accidents involving performers, crew, or audience members.
• Business interruption when delays or cancellations impact revenue streams.

Insurance is the understudy for finances – ready to step in when things don’t go to plan. 

Protecting the magic

Insurance may sometimes be seen as a dull product, but in fact it is the very opposite – it’s an enabler of innovation. When producers know their investments are protected, they can take creative risks, whether that means elaborate stage designs, cutting-edge technology, or ambitious touring schedules.

In short, insurance helps keep the magic alive, by allowing art to flourish without fear of financial ruin.