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The Music Industry's Darkest Secret | Death Clause
6 months ago
1.48K
Key person insurance,
also commonly called key man insurance, is a policy taken out by a talent management company to compensate the company for losses that would arise from the death or extended incapacity of the artist.
The policy's term does not typically extend beyond the period of the artist’s contract with the company.
Key person insurance compensates the company that holds the policy with a fixed monetary sum as specified on the insurance policy.
Death clause: the marriage between the mob and music
https://nchschant.com/25651/showcase/death-clause-the-marriage-between-the-mob-and-music/
The Business Aftermath of an Artist's Death: Key Man Insurance (US & Canada)
Found on Barely Sociable
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