The past few years has seen many issues come to light for local music venues off the back of the devastating impact of the pandemic. As a result we have seen many iconic venues struggling to stay afloat while some have even had to close their doors after decades of providing a stage for local music.
Currently, we are seeing a new threat post-COVID, in which insurance companies are no longer offering Public Liability Insurance for live music or are offering premiums that will force venues to close their doors (one Melbourne venue saw an increase of 1100%).
This is an issue that threatens the continued growth of our UNESCO City of Music and the beloved venues that have gained us this title. We’ve put together some resources for our SA venues below to ensure you have your say on this issue.
AUSTRALIAN LIVE MUSIC BUSINESS COUNCIL SCHEME
The ALMBC is working with stakeholders across the music and insurance industries to design a Public Liability Insurance (PLI) scheme that seeks to offer coverage for those venues that have been unable to secure insurance as well as attempting to reduce premiums.
Many ALMBC live music venue members have expressed considerable concern that PLI is no longer being renewed by their current insurer and if/when it is, the increased premiums are not affordable, placing the future of these venues at risk.
In addition to the financial impact this is having on affected businesses, who are already reeling from the COVID-19 downturn, many face consequences under their lease arrangements, with PLI being a condition of their contracts.
As a potential solution to this crisis, the ALMBC is looking at uniting eligible businesses under a group buying arrangement to secure more favourable terms from insurance providers.
Businesses interested in participating in this initiative are encouraged to complete an Expression of Interest form here: bit.ly/3w1wVu7
LET US KNOW YOUR EXPERIENCE
Music SA are currently in the process of gathering information and assessing the effects of and how the issue is being handled interstate.
We will be liaising with government and insurance regulators, as such we welcome any insight into your experiences with Public Liability Insurance and the wider issue.
Please email through your personal experience (as a South Aussie venue) with this issue at info@musicsa.com.au.
SUPPORT ACT WELLBEING HELPLINE: FREE MENTAL HEALTH SUPPORT
The Support Act Wellbeing Helpline is a free, confidential phone counselling service, available to anyone who works in Australian music or the arts.
The service is accessible 24 hours a day, 365 days per year by calling 1800 959 500 within Australia.
Remember: if you or someone you care about is in crisis or at immediate risk, dial 000.
