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How Business Income Insurance For The Entertainment Industry

(fire, wind storm etc), while its operation is shut down.  All entertainment businesses have this exposure.

Business Income Insurance

  1. Peak Season – If your business has seasonal income, you will want to adjust your policy accordingly. Don’t just average your income out over 12 months; that may not be adequate coverage.
  2. Period of Recovery – When you consider your recovery time, (the amount of time to fully resume operations) you may need to take into account any special construction needs. For example, you may have unique equipment that will take several months to design and construct. Knowing this will help you design your coverage to meet your needs.
  3. Leased Building– If you lease your building and have invested in improvements, you may want to consider this coverage. If the building is destroyed and the owner decides not to rebuild, you may have a serious problem. This endorsement reimburses the tenant for everything lost in the value of the improvements and the cost of finding a new location, agent fees, and increased rent for property that’s already improved.
  4. Payroll coverage– Under this coverage, you can select who you want to offer payroll continuation to. However, you must do this prior to the loss. You can also add categories of workers and even managers.

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..

We service the following states: California, Colorado, Arizona, District of Colombia, Florida, Georgia, Hawaii, Illinois, Louisiana, Maryland, Michigan, North Carolina, New Jersey, New Mexico, Nevada, New York, Ohio, Oregon, Pennsylvania, Tennessee, Texas, Utah, and Washington. If you do not see your state listed here, please inquire anyway – we are growing!

Shooting A Film Has Risks

MF stunt33We 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”

Planning a Documentary? Make Insurance Part of Your Planning

pixa fre dsDocumentaries 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.

 

 

Benefits of Working with an Independent Agent

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

  1. We represent many different markets. This allows us to bring you the best possible combination of coverage, price and service.
  2. 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.
  3. We are experienced. Our staff completes regular training on all the insurance products you need.
  4. 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.
  5. 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.

 

 

 

 

 

You Have Just Been Sued…How What?

pixa free dfvHow To Prepare For A Deposition

Hopefully, you or your entertainment business will never be involved in litigation. But if you are sued, your business insurance will offer defense if the claim is covered under your business insurance policy. Your business insurance carrier will become involved with defending you in court, and part of that process includes depositions.

The deposition process will include the individuals involved in the litigation. This is where both sides interview the parties to get facts about the circumstances that cased the claims or loss. A deposition is a question-and-answer session that takes place in an attorney’s office. Usually present are the attorneys for the parties, the parties themselves, and a court reporter. It will be important to think about the following items as you plan for possible litigation.

Here are some things to thing about

  1. Always be represented with legal counsel.
  2. Do not be afraid to stop and ask your attorney questions.
  3. You will be under oath, so tell the truth.
  4. If you do not know the answers say so.
  5. Answer only the question, do no tell a story.
  6. Do not guess.
  7. If you need time to think about your answer, that is ok.
  8. Never guess in response to a question!
  9. Only answer the questions that are asked.

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..

 

Does Your Production Company Use Sub-Contractors?

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Why Your Risk Just Went Up

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.

The National Labor Relations Board (NLRB) unveiled a new standard for determining which employees are considered employees and which are considered contractors. Over the past few months, most government regulators have been cracking down on 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, 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.

Should Employees Drive a Company Vehicle Home?

There is no doubt commercial auto insurance can be tricky, especially as it relates to personal use. Do you allow your employees to use a company vehicle for personal use? If so, keep reading. If your employee injures a third party while driving a company vehicle for any reason, in most cases and in most states, your company will be on the hook, even if you did not give permission to use the vehicle.

Here are a few examples of what can happen:

An employee uses the company vehicle to transport their child’s soccer team to a game.

  • An employee’s teenager takes your vehicle for a joy ride.
  • Your employee allows the neighbor to use your company vehicle.

We agree there may be good reasons to allow key employees to use company vehicles for personal use. However, we propose you consider these risk management techniques to help reduce your risk.

Consider the following:

Obtain proof of, and review, the motor vehicle records of the employee and all household drivers.

  1. Complete proper training of the use of the company vehicle.
  2. Complete vehicle safety inspections.
  3. Complete drug and alcohol testing of all employees – including management.
  4. Create driving standards and stick to them.
  5. Do post-accident reviews.
  6. Have annual MVR checks.
  7. Prohibit cell phone usage while driving.
  8. Only allow your employee and his/her household to drive the vehicle.
  9. Require the employee never keep company property inside the vehicle, even if locked.

Did you know that many commercial insurance companies give discounts for combining your property, auto, liability, and even excess insurance into one program?

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..

Combine Your Entertainment Insurance Policies And Save

bigstock-Clapper-board-film-reel-and-f-45132883Entertainment Insurance

The world is changing, and we understand the many issues that entertainment firms face every day. There is constant accountability to studios or clients, there are challenges in attracting and retaining top talent, and your cost of goods keeps going up. Part of your planning should include an annual business insurance review. We can offer a number of ways to save and improve on your business insurance program, including combining all your coverage into one “package”.

Did you know that many commercial insurance companies give discounts for combining your property, auto, liability, and even excess insurance into one program?

Here are the coverage’s we suggest you have for your business

  1. Commercial property including camera equipment
  2. Commercial auto
  3. Business liability
  4. Excess liability
  5. Entertainment Professional liability
  6. Employment practice liability
  7. Cyber liability
  8. Employee dishonesty

A secondary benefit of combining your business insurance is that you have one place to get all your answers. If you have more than one agent working your program, there can be gaps and lack of accountability. With one professional agent you can trust them to have a complete view of your risks, exposure and then provide solutions to fit your needs.

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..

 

You Should Really Love Your Entertainment Insurance

InsuranceMost of us would never say we love our insurance. In fact, most clients don’t even read their entertainment business insurance policy. Maybe after you read this story you may have a different opinion.

A small production company was filming a short commercial in a parking lot. One of the actors was set to drive up in a car and get out to promote the product. The actor could not stop the car and it ran into three by standers, causing serious injury, the resulting damages totaled over $15,000.

Know Your Business Liability Coverage

  • Bodily Injury–Bodily Injury to a third party.
  • Property Damage–Damage to a third party’s property (equipment building etc.).
  • Personal Injury–Injury to the mind or emotions, as opposed to an injury to property.
  • Advertising Liability–Damages arising out of advertising, libel, slander, or invasion of privacy.
  • Products and Completed Operations–Liability arising out of the Nonprofit’s products or business operations and services conducted, excluding professional services.
  • Premises–Covers liability arising out of injury to third parties while on your premises.
  • Medical Payments–A general liability coverage that reimburses others, without regard to the insured’s liability, for bodily injury while on your premises.

You should also pay attention to the exclusions in your business liability insurance policy. Some of the common exclusions are:

  • Pollution
  • Workers’ compensation
  • Directors and officers liability
  • Professional services
  • And more

Many of the exclusions can be added or purchased under a separate policy.

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..

Stunt Insurance Is No Accident!

MF stunt33Producers on action films need stunt professionals. Sometimes the production provides the insurance and other times the stunt performer may be required to carry their own insurance. Many productions may even use stunts while filming a commercial or short film. Even training films often include stunts as part of the production.  However, many traditional entertainment insurance packages don’t automatically cover stunt work.

We can provide special stunt coverage for any production you are involved in. Directors and production companies can attain coverage for the following… Stunts, aerial scenes, falls, fight scenes, recreational vehicles, water scenes, weapons, precision driving, and animals.

Here are a few if the stunts that should be insured:

  • Aerial Work
  • Fight Scenes
  • Animals
  • Scripted Falls
  • Special Driving
  • Use of Weapons
  • Underwater Work

We are dedicated to the entertainment business; they are here to assist you, one-on-one, with the right combination of coverage, price and service. We will even speak with adjusters on your behalf. It’s all part of our commitment to customer service and your satisfaction.

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..