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The Basement
Legality
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<blockquote data-quote="Mark Herman" data-source="post: 18698" data-attributes="member: 72"><p>One thing to consider is that sometimes another person's (The Club) insurance rate can be set at a lower premium if they can show that their vendors have insurance. Insurance companies like to see primary insurance as much as possible. So if a loudspeaker fell and hurt someone because of sound vendor negligence than the sound vendor's insurance would be the primary and the club's the secondary.</p><p>I don't really know if this carries over in all states or not but it did when I used to own a very large dry hire rental company. My rates were significantly lower if I could prove that my company always had another insurance policy from my client ( the guy who rented from me) covering the gear. Check this out. Some club owners might listen more if they knew they would save money and be more protected.</p></blockquote><p></p>
[QUOTE="Mark Herman, post: 18698, member: 72"] One thing to consider is that sometimes another person's (The Club) insurance rate can be set at a lower premium if they can show that their vendors have insurance. Insurance companies like to see primary insurance as much as possible. So if a loudspeaker fell and hurt someone because of sound vendor negligence than the sound vendor's insurance would be the primary and the club's the secondary. I don't really know if this carries over in all states or not but it did when I used to own a very large dry hire rental company. My rates were significantly lower if I could prove that my company always had another insurance policy from my client ( the guy who rented from me) covering the gear. Check this out. Some club owners might listen more if they knew they would save money and be more protected. [/QUOTE]
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