FINE ARTS AND ENTERTAINMENT

Growing under the leadership of Levent NART who implemented the first products of Art Insurances in Turkey and pioneered the sector in this field, NART Insurance and Reassurance Brokering has become an important consultancy and risk management institution in the ever-growing entertainment industry.

Growing under the leadership of Levent NART who implemented the first products of Art Insurances in Turkey and pioneered the sector in this field, NART Insurance and Reassurance Brokering has become an important consultancy and risk management institution in the ever-growing entertainment industry.

Especially due to the fact that Istanbul is one of the few cultural capitals of Europe, organizations, shows and live advertising organizations are practices that are open to risk factors. Both the risks that may arise during the construction of these organizations, and the postponement or cancellation of these organizations due to any adverse conditions can cause great financial losses and compensation.

NART Insurance and Reassurance Brokering Inc. reveals its consultancy knowledge in damage prevention activities in these organizations that have a social dimension besides their profit purpose. In cases where all kinds of precautions are taken and in case of possible risks, it provides the damage supply to its customers as soon as possible through its power in the sector and international partners.

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Frequently Asked Questions

Entertainment is an incredibly versatile industry. Therefore, the risks associated with the industry are inherently equally extensive and complex.

For example, a film production may experience delays that require reshoots and otherwise cause the film’s backers, cast and crew to lose money. From a different perspective, news organizations or regular broadcasting organizations may unwittingly present false information, leading to a defamation lawsuit against the organization.

On the other hand, the number of costs and liabilities in the live entertainment industry can increase due to adverse events affecting audiences, artists, sponsors, the venue itself (e.g. adverse weather conditions), structures or vehicles involved in the event. Other unusual but past dangers include animal deaths, equine liabilities, performers absent from the stage, political risk, and even kidnapping or terrorism.

Entertainment insurance information is dependent on the organization that plans to take out the insurance and the terms and conditions offered by the insurance companies. However, most packages; It includes property, casualties, workers’ compensation and liability insurance that covers individuals, property and locations within the recreational activity.

Travel insurance is one of the components often included in entertainment event insurance, as actors, musicians, and other artists travel by plane to shows around the world. Other coverage increases for risks specific to certain productions or events may be added to the policy as applicable.

Artist insurance applies directly to artists, rather than to organizations that hire or use their services. It can include individuals (actors, dancers, comedians) or groups (touring bands, theater groups). Even animals on stage can be covered by artist insurance.

This type of coverage can be presented in many different ways. Property and casualty solutions for artists may include workers’ compensation, vehicle insurance, construction risk, and increased coverage/increased casualty coverage. Financial liability clauses (for attorney, media, cybercrime and kidnap ransom/blackmail liability), private accident and health insurance, or coverage applicable in international jurisdictions may also be offered.