Rock group Kings of Leon will likely need a doctor to diagnose lead singer Caleb Followill’s “exhaustion” if the band expects an insurance payout after canceling the remaining 29 shows on their U.S. tour.
“If he is truly sick, he’ll probably need a doctor to medically diagnose him,” says Paul Bassman, executive vice president of Doodson Insurance brokerage, the U.S. arm of U.K.-based Doodson Broking Group. Rolling Stone reports Lloyd’s of London could have an exposure of $15 million due to the tour’s cancellation.
Bands typically take out insurance to protect the guaranteed money they make from the tour, and promoters can buy insurance to cover their hard costs, such as the artist guarantee. Most policies include exclusions for drug abuse or things you do to yourself.
Therefore, if “exhaustion” is a euphemism for a larger self-inflicted problem that Followill has (as his band-mate and brother seems to have suggested on his Twitter account), the band will have some explaining to do if it wants to file an insurance claim. Performers also need to inform insurers of medications they are taking on tour. Coverage issues will arise if they do not.
Dennis H. Hilton, President