Film producers face unique circumstances in the uncertain and highly competitive world of the film arts. If you have ever been involved in the production of any film, whether a short or a feature-length movie, you know that a lot can go wrong, from expensive equipment malfunctions to actors falling ill. There are also liability risks from injuries to people and damage to property on location or in the studio. Film production insurance can be the key to protecting your investments.
An independent agent in the Trusted Choice® network can help you evaluate film production insurance rates and coverage options. This network includes over 27,000 member agency locations across the United States, which means you can find a local agent right in your area. Contact a local member agent today to get the information you need protect your project.
The film industry is a notorious source of lawsuits, which can affect film production companies of any size. For example:
These are examples of situations that created significant expenses for the production companies involved. The wide exposure of films, the number of people involved in the production, and the physical nature of film production generates an exceptional number of lawsuits. Most of those targeted by these types of lawsuits have no way of predicting the resulting fallout.
Every film is unique, and there are a number of risks associated with different filming formats, techniques and even locations. Some productions require the use of highly technical and expensive equipment and others can be produced with little more than a compelling script and a video camera. These and other variables will affect your film insurance rates.
If you produce films full time, your needs will be different from those of someone who does a one-time project and only needs short term film production insurance.
Regardless of the types of projects you do you, will need the right solution to protect yourself from liability risks and protect your equipment investment from accidental breakage, theft, and vandalism.
Your film production insurance plan will need to include a number of different coverage types, such as:
If you have a very small production company, you may be able to rely on the homeowners insurance or small business insurance you already have.
Many small companies work out of a home office. While the actual shooting may take place in other regions, everything else can be done from home. To a limited extent, homeowners insurance can be helpful in the event the company is running at a loss. If it is profitable, exclusions in your homeowners coverage may prevent loss recovery.
Business insurance with the necessary inclusions is a much more reliable form of protection. A well-qualified agent in the Trusted Choice network can confirm that you have the right endorsements and that riders are in place to protect pricey equipment. Your agent will also want to confirm that your liability is adequate to offset lawsuits, as even frivolous legal claims can cost you.
Unlike many other forms of commercial coverage, movie making coverage needs to cover some unusual risks. Whether you produce films for a living full time or just need short film insurance for a one-time project, you will need assistance from a knowledgeable local agent who can advise you on the best coverage options within your budget. With an independent agent in the Trusted Choice network, you can compare quotes from several different film insurance companies to get the protection you need at a price you can afford.
To protect your investment of time and money, get film production insurance that is tailored to your needs by working with a local independent agent in the Trusted Choice network. Find a member agent today to learn about your options and get peace of mind.