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 Movie Insure know that with risk come rewards. Here are a few of the risks faced by the entertainment industry:
- Foreign Many productions are filmed outside of the USA. This can lead to safety, cultural and legal issues. Especially if the production is travelling with a full crew and production team.
- High valued equipment, sets and wardrobes. If equipment, sets or wardrobes are damaged or destroyed, they must be replaced. Even under the best of situations, a few weeks delay can cost thousands of dollars.
- Documentaries or other true stories can lead to creating errors in the truth. While there is always some defense in artistic freedom, it really depends on what was agreed to between the parties involved. Also, rewriting scripts during production can lead to errors in factual information.
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”
Documentaries come in many forms. Some take years to shoot and produce, while others may only take a few months. No matter how big or small, having the proper production insurance for your documentary can be one of the most important things you can have. All the activities associated with filming a documentary bring unique risks that should be insured. And when it comes to movie insurance, Movie Insure has the solutions.
Here is a short overview of coverage you might consider:
- Rented Equipment
- Owned Equipment
- Props, Sets and Wardrobe
- Third Party Property Damage
- Extra Expense
- General Liability
- Automobile Liability and Physical Damage
- Workers Compensation
Once a documentary is finished, the next step is normally distribution. Most distributors will require the production company obtain an Errors and Omissions policy on the production. If you are a distributor, you should always carry your own E&O policy, in addition to requiring each of the productions you distribute to be covered. When purchasing your insurance policies, it is once again important to remember that the amount of coverage you purchase is wholly dependent upon the type of project on which you are working.
There are many reasons why you buy production or movie insurance. But the bottom line is that you buy commercial movie insurance to protect your assets and have claims paid fairly and promptly. You also want competitively priced insurance rates.
Why Independent Agencies Are Better
When you purchase movie insurance through an independent agent you are working with a licensed professional who specializes in the products and services you need. Independent agents are local business owners who employee your neighbors to serve your needs.
Benefits of Working with an Independent Agent
- We represent many different markets. This allows us to bring you the best possible combination of coverage, price and service.
- We have the services you need. We offer prompt and professional insurance services. You don’t get a recording or someone in another state. We care about you and will help you solve your problems. We help you the claims process.
- We are experienced. Our staff completes regular training on all the insurance products you need.
- Locally owned. Our agency is locally owned and operated. It is always better to buy local. You can stop in our office anytime and meet the team that services your account.
- Working through an independent agent does not increase your premiums.
Our mission is to serve filmmakers with the best policies their dollar can buy. Movie Insure 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.