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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.

The Benefit Of An Entertainment Insurance Review

InsuranceOur agency is founded and run on the philosophy that client’s needs come first and foremost. We know you hear that a lot, so we wanted to tell you how we carry out our philosophy day to day. This article is the continuation of our series on how to think differently about entertainment insurance.

Every client deserves an annual entertainment insurance review. The review may take different forms depending on the individual circumstances.

Benefits To An Insurance Review

  • Keeps your program up to date
  • Provides opportunity for feedback on services
  • Allows for the partnership to review goals
  • We take time to review key exclusions and other coverage items
  • You may need to modify, reduce or add coverage depending on your current situation
  • The review does not need to take a long time

Entertainment Business Insurance Review

A business review is important because risk is constantly changing. Maybe your operations have not changed, but laws and other statutes can impact your risk and need to be addressed. Here are a few examples:

  • Prices change and a review can determine if you are getting competitive rates on your insurance.
  • Your productions may have changed from commercials to TV shows.
  • Your coverage needs may have changed and your policy should reflect these changes.
  • There may be new insurance companies to which we have access.
  • Laws and regulations are changing and may require a different kind of insurance.

 

Common Mistakes Made When Purchasing Entertainment Insurance

bigstock-transparent-chess-pieces-on-th-31142132There are a number of common mistakes some entertainment companies make when it comes to purchasing insurance. Insurance is the product you buy in case the unexpected happens. Unfortunately, by the time you need it, it’s too late to make sure you have the right type and amount of insurance coverage. Make sure you don’t make the following mistakes while buying business insurance

Having two agents is better because they keep each other competitive

Having two agents duplicates effort and can create coverage gaps. For example, there are certain coverage’s that can be included under a liability policy and auto policy. One agent is better able to manage your entire insurance program.

The lower the premium the better

Premiums are determined by a combination of exposures and coverage. If you get a lower premium you may be missing needed coverage. For example, does the lower premium include replacement cost  coverage on buildings and equipment?

The internet is a great place to get good insurance deals

Low cost internet insurance usually allows you to select the coverage and limits you want. But in most cases you end up with a limited and inadequate program. You find this out after you have an uninsured claim.

Not having the right value for your property

Your business requires expensive equipment and should be insured to fill replacement value.

As an independent agent, we have relationships with many A-rated national and regional insurance companies; we provide a comprehensive array of insurance products for a variety of personal and commercial clients.

Umbrella Insurance For The Entertainment Industry

Insurance Text On CloudMany people are unsure what an umbrella policy is or what it covers. When you are outside and there is a light rain or breeze you generally don’t need or want an umbrella. However, if it is pouring down rain with high winds, you take your umbrella. An Umbrella Insurance policy works much the same way.

Umbrella Insurance provides extra protection or limits above the liability insurance you currently have. Umbrella Insurance policy protects your operation or production company from losing the entirety of your resource and assets in the event of a large claim. Umbrella Insurance provides limits above your primary commercial insurance program.

We can secure umbrella protection for many exposures including:

  • Short films
  • Foreign productions
  • Recording and editing
  • Film schools
  • Rental houses
  • And more

Here is an example: A production company leases a studio for filming of commercials. During a filming part of the riggings falls on an employee of one of the advertisers causing major injuries. The employee medical expenses are $750,000 and $200,000 for two years of lost work. The production company had a primary commercial liability policy with limits of $500,000 and an Umbrella with a limit of $1,000,000. The Umbrella policy covered $450,000 of the excess claim.

 

It is true that Umbrella Insurance may not be for every firm, but if you are building financial resources for your company’s future, Umbrella coverage needs to be part of the plan.

 

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.

Does Your Business Need Coverage For a Short Term?

Insurance

Insurance Offers Many Solutions

Every day in Los Angles there are literally dozens of production companies are shooting commercials, training films or engaged in other activities.  Many times these are short term projects and do not require an annual entertainment policy. All these activities bring with them unique risks that should be insured. And when it comes to short term entertainment insurance, John hart Insurance has the solutions.

We can provide a short term entertainment insurance program that can run for days or weeks. The short term entertainment insurance policy can provide the same level of coverage as an annual policy.

Short Term Production Insurance Might include

  • Rented Equipment
  • Owned Equipment
  • Props, Sets and Wardrobe
  • Negative & Faulty Stock
  • Automobile Liability and Physical Damage
  • Workers Compensation
  • Premises Liability

This office specializes in providing any form of insurance required in the entertainment industry, and we would be pleased to discuss any insurance problem you may have at no obligation.

We are available for our clients anytime.  When in production, all our clients can issue certificates of insurance online – (anytime or anywhere with an internet connection).

Our goal is to provide exceptional service while giving you peace of mind so you can focus on what you do best, create. MovieInsure.com provides the full spectrum of insurance coverages at competitive premiums for foreign productions of any budget, up to 12 months in duration. Single Production and multiple productions (annual policies) are available.

Give us a call and let us show you how we can save you time and money on your insurance.

Why Use MovieInsure.com As Your Entertainment Broker?

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MovieInsure.com Insurance has many years of experience in the field of entertainment insurance.  We focus exclusively on understanding the unique needs of motion picture, television, video, music and theatrical companies.  This knowledge base allows us to structure an insurance program specifically for each client that will be a balance of the best coverage and most economical solutions to help them manage the risks inherent to their unique businesses.

We serve a broad range of industry segments including:

  • Commercial films
  • Music videos
  • Musicians
  • Concert promoters
  • Entertainers and performers
  • Performance venues
  • Commercials, documentaries, industrial & educational training
  • Film schools
  • Animated productions
  • Independent feature film producers
  • Television producers
  • Reality television
  • Photographers
  • Lighting and staging companies
  • Concert promoters
  • Theatrical stage productions

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..

 

You Produce the Film…We Protect your Investment

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

As an owner of a California entertainment company, you want to have the confidence that your operation is covered by a business insurance policy that addresses your specific insurance needs. Entertainment business is unique and we understand that. Most traditional business insurance products don’t respond to the needs of entertainment firms.

California Entertainment Insurance Solutions

  • Comprehensive insurance that spans all major lines of property and casualty
  • Replacement cost on buildings
  • Coverage for talent
  • Foreign productions
  • Film schools
  • Leased equipment
  • Videographers coverage
  • Film coverage

Expect The Unexpected

Insurance is still driven by, and through, relationships. We don’t ever just sell you a product. We create and deliver insurance solutions. We listen to what you are saying and then respond accordingly. We ask the right questions to find the individual insurance solutions for you. When you call our firm, you will get a professional who knows and understand your business.

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.

MovieInsure Offers Short Term Entertainment Insurance

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

Your firm may be embarking on a short term project that requires special or unique insurance coverage. MovieInsure can help you with this coverage. Many filming locations require that you present them with a certificate of insurance, naming them as an additional insured, before they allow you on the property. You may need to rent very specialized equipment that requires insurance. All these issues can be managed through the proper kinds of movie production insurance products.

Our short term coverage can include:

  • General Liability – General Liability protects against claims of bodily injury or property damage and personal injury arising out of filming activity.
  • Third Party Property Damage – Covers damage to property in your care. For example, a building in which you film a commercial.
  • Owned & Rented Equipment – An equipment floater may be needed to insure property that moves from location to location.
  • Workers’ Compensation – Covers injury to employees while on location or on the job at any site.
  • Set and Prop Coverage – Property coverage in case sets or props are damaged.
  • Non-Owned and Hired Auto – Insures you from liability arising out of using or renting a vehicle that you do not own.
  • Excess Liability Insurance – Provides additional Liability protection over the General Liability and Non-owned/Hired Automobile Liability.

MovieInsure.com Insurance Services 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.