Monthly Archives: September 2015

What Is MovieInsure.com All About?

bigstock-Clapper-board-film-reel-and-f-45132883We are about serving you!

We all love watching the fine work that comes out of production companies. If you think about the many risks facing production and entertainment companies, most people might run like Forrest Gump!  But we at MovieInsure.com knows that with risk also comes rewards. Here are a few of the risks faced by the entertainment industry:

Film Schools- The Film School program is designed specifically for film schools at universities. This annual policy provides a comprehensive basket of coverages for school sanctioned productions. This program is flexible enough to allow for small film schools with just a few students up to large film schools with hundreds of students. Over 50 types of production are eligible. We can write school all throughout the U.S.

Short Term Productions – Are you shooting for just a week or two? We have the entertainment insurance just for you. Short term coverage provides the spectrum of insurance coverages at competitive premiums for productions with budgets less than $1,000,000 and duration up to 60 days.

Entertainment Equipment Floater- We can provide insurance on your equipment anywhere in the world. All risk, worldwide coverage for scheduled entertainment related equipment including Cameras, Production, Editing, Musical, Theatrical and miscellaneous items.

Recording & Editing Studios – If you are involved in recording or editing we can insure your property and liability. The Studio program is designed for entities continuously engaged in the business of providing a studio facility to the entertainment industry. The studio may be used for recording, editing, pre-production and post-production as it relates to film production, musical production and related uses.

Our mission is to serve filmmakers with the best policies their dollar can buy. Our diversified staff utilizes state-of-the-art technology to make your insurance experience with us as effortless as possible. Simply put, we are “Independent Brokers/Agents” representing you the “client”. We are licensed professionals and bring a personal touch to the delicate relationship between you, the “client” and the “insurance company.”

Does Your Entertainment Company Use Sub-Contractors?

Business concept: Risk on Paper backgroundWhy Your Risk Just Went Up

The National Labor Relations Board (NLRB) unveiled a new standard for determining which employees are considered employees and which are considered contractors. Over that past few months, most government regulators have been cracking down on entertainment businesses that misclassify employees as contractors. These rules may make more businesses responsible for labor law violations committed by contractors and staffing agencies in wage and hour benefits.

Previously, entertainment firms or employers were responsible only if they had direct control over working conditions. This ruling will impact temporary staffing firms which currently employ over 3 million people. In some cases, these “contractors” may be deemed joint employees.

Most State governments are cracking down on businesses that try to skirt the employee/employer relationship by identifying certain individuals as contractors. Here is a good test:

The six factors, or questions, in the “economic realities” test include:

  1. Is the work an integral part of the employer’s business?
  2. Does the worker’s managerial skill affect the worker’s opportunity for profit or loss?
  3. How does the worker’s relative investment compare to the employer’s investment?
  4. Does the work performed require special skill and initiative?
  5. Is the relationship between the worker and the employer permanent or indefinite?
  6. What is the nature and degree of the employer’s control?

We are proud to offer specialized coverage for production and event insurance of all types. MovieInsure.com offers a wide variety of A-rated, Admitted and Non-Admitted insurance companies for our clients to choose from. We only deal with companies that are on the Insurance Commissioner’s approved list.

We are located in beautiful Northridge, California next to CSUN..

How Insurance Works For The Entertainment Industry

California entertainment Insurance is a means of providing protection your firm against financial loss in a variety of situations. It is a contract in which one party agrees to pay for another party’s financial loss resulting from a specified event.

Entertainment Insurance works on the principal of sharing losses. If you wish to be insured, against any type of loss, agree to make regular payments, called premiums, to an insurance company. In return, the company gives you a contract, the insurance policy. The company promises to pay a certain sum of money for the type of loss stated in the policy.

Businesses buy property and liability insurance to protect their assets against financial loss. Property insurance provides direct compensation if a policyholder’s buildings or equipment are damaged, destroyed, or lost as a result of covered perils. Liability insurance protects individuals and businesses against possible financial losses if their actions result in bodily injury to others or in harm to property owned by others.

Financial stability and strength of the insurance company should be a major consideration when purchasing an insurance contract. An insurance premium paid currently provides coverage for losses that might arise many years in the future. For that reason, the viability of the insurance carrier is very important. In recent years, a number of insurance companies have become insolvent, leaving their policyholders with no coverage (or coverage only from a government-backed insurance pool with less attractive payouts for losses).

Our mission is to serve filmmakers with the best policies their dollar can buy. Our diversified staff utilizes state-of-the-art technology to make your insurance experience with us as effortless as possible. MovieInsure.com offers a wide variety of A-rated, Admitted and Non-Admitted insurance companies for our clients to choose from. We only deal with companies that are on the Insurance Commissioner’s approved list.