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The Movie Business Can Be Risky

We all love watching the fine work that comes out of Hollywood and other production companies. We at Movie Insure know that with risks come rewards. Here are a few of the risks faced by the entertainment industry:

  • Stunts and action scenes. There are times when lead actors want to do their own action scenes. If the lead actor is injured it might lead to long delays in production.
  • Foreign locations. 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 set and wardrobes. If sets are damaged or wardrobes 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.

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

 

Are You In Love With Your Entertainment Insurance?

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

Know Your Business Liability Coverage

  • Bodily Injury–Bodily Injury to a third party.
  • Multimedia Production E&O -Provides Producers & Distributors E&O Coverage.
  • 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.
  • Short Term Productions – Provides the full spectrum of insurance coverages at competitive premiums for productions with budgets less than $1,000,000 and duration up to 60 days.
  • Foreign Productions – 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 production (annual policies) are available.
  • 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.
  • Rental Houses -The Rental House program provides insurance for companies that supply the entertainment, sports and leisure industries with the equipment and/or support service

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

 

Movie Insure Knows The Entertainment Business

Movies, films, documentaries and short films entertain us and may even bring a tear to our eyes. But for film producers, an uninsured loss can bring tears to their eyes as well.

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 entertainment insurance experience with us as effortless as possible. Simply put, we are “Independent Brokers/Agents” representing you the “client”.

“So you say I have a chance?”

If you are involved in any of these kinds of productions, you need to have a comprehensive entertainment policy.

  • Television or film productions
  • Commercials
  • Documentaries
  • Music videos
  • Educational films
  • Corporate productions
  • Commercial photographers

“I’m gonna make him an offer he can’t refuse”

These are common risks shared by most productions

  • Cast insurance
  • Production errors & omissions
  • Damage to props and other equipment
  • Copy write infringement
  • Intellectual property
  • Rented and leased vehicles
  • Animal mortality

 

“Carpe diem. Seize the day, boys. Make your lives extraordinary.”

We have over 60 years combined experience in the field of entertainment insurance. We focus exclusively on understanding the unique needs of motion picture, television, video, music and theatrical companies. Call us today for more information.

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

Insurance For Drones Needs To Be Part Of Your Entertainment Insurance

drone-674238_1920Drones and Entertainment Insurance

Recently the Federal Aviation Administration (FAA) released updated guidelines on the use of drones for commercial use.  Many entertainment businesses are using, drones as part of their productions.

Here is a link to the FAA rules

Here is What You Need to Know

  1. Drones must weigh less than 55 pounds, and operation must be less than 400 feet above ground.
  2. Drones must be in your line of sight at all times.
  3. Operation must also be within 3o minutes of sunrise or sunset.
  4. Operators need to obtain a pilot certificate with the US Airspace by passing an aeronautical test.

Will My Insurance Cover Drone Operations?

Most entertainment insurance policies exclude drones, so a separate aircraft policy will be necessary.  Aviation is a litigious environment. You may not consider what you are doing to be dangerous, but you can expect the plaintiff lawyers to knock on your door if you ever damage property, let alone injure someone.

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 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!

These Days It Pays To Have Higher Liability Limits On Your Entertainment Business

xcdeEntertainment or production firms are not immune from large lawsuits. Large claims involve; injury or deaths on sets, copyright issues, cancelled events, talent contracts, and more.

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

Here is one example. While shooting an advertisement on a California highway an auto accident caused injury to two production members and a third party. The crew were covered under workers’ compensation but the by stander was not. The third party sued the production company for $2,500,000 in damages.

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. Productions “based” in the following states: Alabama. Arkansas, Arizona, California, Colorado, Delaware, District of Colombia, Florida, Georgia, Hawaii, Iowa, Illinois, Indiana, Louisiana, Maryland, Michigan, Mississippi, North Carolina, New Jersey, New Mexico, Nevada, New York, Ohio, Oregon, Pennsylvania, Tennessee, Texas, Utah, Virginia, Washington, and Wisconsin. If you do not see your state listed here, please inquire anyway – we are growing!

Your Experience Mod Is Your Workers’ Comp Identity

xcdeIt is a fact that many entertainment employers actually overpay for their workers’ compensation premiums.  According to the latest reports, employers are paying around 20% more in surcharges than they need to. Most surcharges come from increases in the experience modification factor (mod).

The experience mod is a factor unique to each employer. In simple terms, this formula is designed to compare a specific employer’s historical claim and payroll data, to other employers with similar business operations. An individual employer’s experience mod is calculated using claims data compared to premiums from the three most recently completed years, excluding the expiring term.

Key points to consider

  • If your losses are increasing, your mod most likely will go up even if your payroll goes down.
  • The frequency of losses hurt you more than the severity of losses.
  • It is important to check the calculations on the experience modification worksheet each year.
  • The most common errors are incorrect or incomplete payroll data.
  • Your workers’ compensation mod is the single most important factor insurers use to identify your risk.
  • Your mod can be reduced through effective safety and loss control programs.

How to reduce your mod?

  • Develop a safety program.
  • Reward safety in the workplace.
  • Start a return to work program.
  • Complete regular safety inspections.
  • Investigate every accident and make corrective actions if needed.
  • If you suspect fraud, immediately inform the insurance company.
  • A disciplinary program also should be incorporated into the safety program; it should hold employees accountable for breaking the rules.

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.

 

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.

 

 

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.

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.