A concert promoter has organised a gig at a large conference centre. They have an insurable interest in?

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The concert promoter has an insurable interest in the health of his performers because their well-being directly affects the ability to carry out the event. If a performer falls ill or is unable to perform, it can result in significant financial losses for the promoter, including potential refunds for ticket sales, loss of future bookings, and overall damage to their reputation. This financial connection establishes a valid insurable interest, as the promoter stands to lose financially if the performers are unable to fulfill their contractual obligations.

Other options may seem relevant but do not create the same direct financial risk or interest. The volume of ticket sales is a reflection of potential success but does not constitute insurable interest on its own, as it does not pertain to a specific, measurable loss that arises from an insurable event. The success of a star's latest record could influence ticket sales but does not directly link to insurable interest—it's an indirect factor that may affect the promoter's potential earnings. The smooth running of local transport, while important for attendance and logistics, does not create a financial risk that directly ties the promoter's interests to the operational efficacy of local transport services. Thus, the health of the performers stands out as the primary area of concern for insurable interest in this scenario.

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