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..

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.