Rock Stars Touring Without Insurance
As aging rock stars hit the road, the cost of insuring against concert cancellations due to illness rises sharply with age, leading many to tour without insurance. Older artists can pay up to 15% of their performance fee for insurance, prompting some to self-insure or absorb losses themselves.
Key Points
- Cost of insuring against concert cancellations rises sharply with age
- Older artists can pay up to 15% of their performance fee for insurance
- Some artists choose to tour without insurance and absorb losses themselves
Pros
- Artists can save money by touring without expensive insurance
- Some artists prefer to self-insure or absorb losses themselves
Cons
- Touring without insurance can be risky if a show is cancelled due to illness
- Insurance costs can be prohibitively high for older artists