Now there are new, stricter underwriting guidelines that sometimes require metal detectors or beefed-up security at events.
Very few carriers still cover hip-hop and rap events.
Liability insurance, in general, has become so expensive that it's cost prohibitive to get a $5 million policy on a 1,500-capacity show. (emphasis added)
"Before you sign a contract with an artist, look at what they're requiring of you from an insurance standpoint," Chippendale said.
"Ask them: If $10 million [coverage is cost prohibitive], can you do $2 million? I couldn't stress to them enough the preparation well in advance; getting a seasoned insurance broker is a must."
There were several questions that were answered in detail.
For instance, why is hip-hop so expensive to cover? Short answer: Rap promotes an image of danger, and insurance folks would rather back off. (emphasis added)