The long running dispute between the estate of Michael Jackson and Lloyds underwriters who had insured the “This Is It” tour for £10.6 million has finally been settled. The underwriters had insured the event against cancellation through death or disability. But following the King Of Pops death in 2009, the underwriters argued that that were not made aware of his taking powerful drugs (that led to his cause of death). The case was due to go on trial next month but has been settled in private between the parties, according to Reuters.
The entertainment industry spends millions each year on low cost public liability, particularly where stunts and pyrotechnics are involved and is a huge business in itself. This case highlights that irrespective of how famous one is, the processes that are followed to ensure limited damage or injury occurs, accidents do happen and they do not discriminate. Similarly cheap employers liability for tradesmen is not easy to find in the entertainment industry.
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