Lower Insurance Costs for Venues, Festivals, Artists, Promoters, (and anyone in the music industry)
2 simple ways
Luma slashes your insurance costs
No hidden kickbacks. No guessed risk levels. Just a smarter approach to lowering your insurance costs—here’s how it works.
How Insurance Broker Commissions Increase Your Insurance Costs
How Proactive Risk Surveys Can Reduce Your Insurance Costs
The vast majority of insurance brokers earn commissions that are built into your premium.
“The higher your premium, the more commission they earn.
Yep, that is right, the person you entrust to get you the best deal is, literally, financially incentivised to keep your costs high.
By removing broker commissions, Luma has been able to reduce our clients’ insurance costs in 98% of cases. In 80% of cases, we reduced costs by more than 20%.
“Insurance has gone up again.
Too many venues and other businesses in the music industry are slaves to insurance – the premium comes in, and, basically, you grumble, then pay it.
Proactive Risk Surveys assess all aspects of your venue/business to provide a credible and independent report on risk levels that provides all of the information underwriters need and gives actionable steps you can take to reduce risk.
These Risk Surveys have allowed us to decrease premiums by as much as 75% and get quotes where we could not before.
