Tag Archives: Filmmakers

Why We Insure Movies

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. MovieInsure.com  offers a check list for film producers to make sure the right production insurance is in place. 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”.

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

These are common risks shared by most productions

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

 

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!

 

We Can Insure Your Next Documentary

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.

The Kind Of Insurance You may Need

  • 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 normal 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.

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!

Event Cancellation Insurance

A Business Insurance Update

Is there anything worse than planning and preparing for a special event only to have it canceled at the last minute due to weather, or some other unforeseen reason? Special events are important and you want your event to go off without any issues. Event Cancelation Insurance helps protect your business and the planning days leading up to it.

Special events can include sporting events and competitions, trade shows, conferences, lectures, festivals, fairs, film, television, premieres, concerts and tours, corporate functions, community events, weddings and other special family gatherings.

Event Cancellations Insurance can help if you face a cancellation or postponement due to an unforeseen event such as illness, inclement weather or loss of speakers. Event Cancellation Insurance will provide reimbursement for deposits forfeited and other charges paid or contracted to be paid by the insured. This can include transporting costs, catering services, property and equipment rentals, location rentals, accommodations (including travel arrangements and accommodations for a honeymoon if applicable), specialized equipment, flowers, event photographs, videos and entertainment expenses.

Event Cancelation Insurance should not be confused with Event Liability Insurance, which is designed to cover guests and other third parties if they are injured or suffer loss at your event.

Examples of Event Cancellation Claims:

  • Heavy fog at a spectator event
  • Heavy winds at a balloon event
  • Snow/hailstorm at a golf event
  • Flooding of local roads prevent access to a venue
  • Pool sanitation issues at a swimming event
  • Flooding at a boat race
  • Convention center destroyed by fire
  • Performer unable to attend due to accident or illness

Event Cancelation Insurance policy terms

Event Cancelation Insurance has many unique terms. Remember insurance policies will vary. Here are some of the essential terms found in an Event Cancelation Insurance policy.

Loss: Expenses which are irrevocably expended in connection with the insured event.

Expenses: The total of all costs and charges which would have been incurred by the Insured in organizing, running and providing services for the insured event.

Cancellation or Cancelled:  The inability to commence the insured events.

Deductible: The insurance is subject to the deductible stated in the schedule, paid by the insured.

Insured obligations: The insured shall do all things necessary to avoid or diminish a loss under this insurance including rescheduling the insured event.

Typical Exclusions:

  • Contractual dispute
  • War, civil commotion, and riot
  • Fraud, misrepresentation or concealment
  • Cancellation or postponement voluntary by you
  • Any reduction in attendance that is not explicitly attributable to the necessary cancellation, disruption or rescheduling of the insured event

Like any insurance product, the terms and conditions of the policy will govern all claims settlements. This information is intended to be a brief overview of the issue and is not a replacement for the actual insurance policy you purchase.

Event Cancellation Insurance is an integral part of your risk management plan and is designed to protect against the loss of costs, expenses or revenues associated with this exposure. The price to secure Event Cancelation Insurance is very reasonable and available.

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!

Leased or Rented Equipment

Like many organizations, your business may rent or lease equipment from time to time. You may be planning a special event and need a tent to accommodate 250 people as part of a business activity. Or, perhaps you are renting a sound system for a concert, or leasing office equipment such as your copier.  These kinds of events create added risk to the organization.

It is essential to have an understanding of who is responsible for the rented equipment and that your knowledge is consistent with the written agreement. Not all rental arrangements are the same. Some rental contracts will include property damage insurance as part of the rental fee. Other rental contracts may require the business to be responsible for all damage. And finally, some rental contracts may expect you to pay a deductible if there is damage. This can be very confusing especially if you are leasing or renting a high-value item.

There are many important things to remember when considering a rental agreement:

  • Leasing companies come in many varieties, including banks, brokers, equipment specialists, independents, and companies of all sizes. Each has different levels of flexibility and requirements.
  • Understand what the agreement says regarding repairs, maintenance, and upgrades. This applies more to long-term leases rather than short-term leases.
  • It may be in your best interest to insure the equipment separately. It may be more cost effective depending on how the agreement is written.

We offer a number of insurance options if you are involved in renting or leasing equipment. Coverage is available for a wide variety of property while, n your care, custody, and control:

  • Property located on or off-premises
  • Property in transit
  • Equipment held on display in showrooms or at other exhibitions
  • Generally all risk of direct physical loss including earthquake

With our agency, you have the option to customize your coverage, limits, and deductibles. You may even select different deductibles for different coverages.  The bottom line is when you are deciding to lease equipment, be certain you are aware of all costs involved in the transaction. Then, balance the costs against the benefits to make the appropriate choice for you and your organization.

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!

 

We Protect Your Investment With Insurance

California Entertainment Insurance

The epic movie Gone with the Wind cost $4 million to produce in 1939. In 2015, that amount would not even cover the cost of a leading man. The movie and entertainment business has changed over the years, and so have the risks that are involved in creating the next academy award winner. MovieInsure.com Insurance Services produces entertainment insurance that will match your risks. We work with many of the leading insurers in the entertainment industry.

The world is getting smaller, and movies, commercials, and documentaries are being produced all over the world. Digital technology is rapidly changing the landscape of cinematography, post production, and distribution. The entertainment business is much more complex and litigious, creating the need for the right kind of insurance.

We offer the complete entertainment insurance package.  Here are a few of the insurance products we provide:

Cast Insurance – In the event of a production delay, cast insurance protects against extra expenses (such as salaries and equipment rentals) until production can resume.

Film – Film, videotape, and other video or audio media can be easily damaged.  Insurance can replace damaged, lost or stolen film.

Props – Props, sets and costumes are an important part of any production, and they need to be insured.  Insurance helps protect against the costs required to repair or replace those unique items.

Event Cancellation – This coverage is designed to respond to almost any unexpected circumstance that causes the cancellation, abandonment or postponement of an event.

Professional Liability – Your Company can be sued for improper use of an image, copyright infringement of a song or script, or contract negotiations.

We are proud to offer specialized coverage for production and event insurance of all types.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.

 

Why Insurance Is Needed For Your Production

A few years ago we were all shocked and saddened by the sudden and tragic death of Paul Walker. Paul was in the two-seater Porsche Carrera GT when the car somehow lost control and slammed into a post or a tree, and the car burst into flames. This is a good reminder of the role production insurance plays in the production of movies, films, TV shows and other entertainment productions. There are risks the production company has that can be managed through the proper insurance products. Here is some of the coverage that may apply:

Cast & Crew Insurance

Cast and Crew insurance indemnifies the production company for the loss or extra expenses to begin or complete principal work of an insured production due to death, injury or illness of any insured artist or director.

Participant Accident Insurance

Participant Accident Insurance can provide accident medical benefits and, at the sponsor’s option, may include accidental death, dismemberment, dental and disability benefits, as well.

Errors & Omissions for Film Producers

Errors & Omissions Insurance for producers offers coverage for a wide variety of entertainment/media risks against lawsuits for libel, slander, invasion of privacy, infringement of copyright and other specified torts. Generally these claims do not involve bodily injury.

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.

Is Your Production Covered?

At MovieInsure.com Insurance Services we focus exclusively on understanding the unique needs of motion picture, television, video, music, film schools and theatrical companies.  This knowledge base allows us to structure a production insurance program specifically for each client that will be a balance of the best coverage and most economical solutions to help the client manage the risks inherent to their unique businesses.

Common Entertainment Industry Claims

  • A production company was contracted to complete a film with certain time and budget constraints. The production came in 30% over budget and 120 days late. The production company was sued for failure to perform per the contract terms.
  • An event planner scheduled a concert with an international performer. The event was planned and scheduled, with over 5,000 tickets sold. The performer got sick two days before the event and had to cancel. The event planner had Event Cancelation Insurance and had the resources to settle all claims and reschedule the event for a later date.
  • A production company had $200,000 worth of equipment damaged on set by a sudden wind and hail storm. Insurance provided full recovery.
  • A post production firm was contracted to produce 20,000 DVD’s for the Christmas season. Due to production issues the firm missed the release time and the owners of the DVD sued the firm for lost revenue.

We can help you design an insurance product that meets your individual needs. We are proud to offer specialized coverage for production and event insurance of all types.

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.

 

Short Term Entertainment Insurance

Every day in Los Angles there are literally dozens of production companies shooting, commercials, training films, full length motion pictures and documentaries. All these activities bring with them unique risks that should be insured. And when it comes to entertainment insurance,

Here is a short overview of what you might consider:

  • Rented Equipment
  • Owned Equipment
  • Cast Coverage
  • Props, Sets and Wardrobe
  • Negative & Faulty Stock
  • Third Party Property Damage
  • Extra Expense
  • General Liability
  • Automobile Liability and Physical Damage
  • Workers Compensation

Once a film, television pilot, commercial, or 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 you’re working on.

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!

 

What Is The Best Way To Manage Your Entertainment Insurance?

An Entertainment Insurance Update

We recommend you start 2018 strong by having us complete a review of your entertainment insurance program.  We will review your exposures to risk and compare these to your current coverage.  If we do not find any gaps, we will tell you, and if we do find gaps, we will provide recommendations to you.

Here are some things you can do today to strengthen your business insurance program for 2018:

  1. Read your insurance policies. It is better to know what coverage you have before a loss occurs.
  2. Meet with your agent and have him/her review your program and make recommendations.
  3. Review your losses over the past few years and determine if there are any areas where improved safety might help reduce losses.
  4. Take advantage of any loss prevention services offered by your business insurer.
  5. Consider adding additional coverage like Professional liability, media liability, or copyright infringement, employment practices liability, or a commercial umbrella policy.
  6. Review all your safety policies to make sure they are up-to-date
  7. Make safety training a priority in 2018 with safety incentives for accident-free months.

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!

Professional Liability In The Entertainment Industry

Most if not all entertainment firms need professional liability insurance. Professional liability coverage for the entertainment industry is different than other kinds of industries. It is important to have an agent you knows and understands your industry.

What Kind Of Professional Liability Should You Have?

(This is only a partial list of the types of coverage, your coverage will depend on your individual risk)

  • Breach of agreement
  • Infringement of copyright, trademark, title or slogan
  • Breach of a license to use a third party’s intellectual property
  • Emotional distress
  • Invasion of privacy
  • Unfair competition
  • Personal injury
  • Plus more

Professional Liability Insurance is sometimes called Errors and Omissions (E&O) coverage. Claims come from errors or omissions in the performance of professional services. Companies that perform production services have an exposure to E & O claims. E & O insurance also protects against alleged libel, slander, defamation of character and invasion of privacy. This coverage will usually be required by a distributor prior to release of any theatrical or television production.

Here Is An Actual Claim Example

A post production firm used images without a license as part of the opening to the film. The owners of the images filed a lawsuit for copyright infringement. The case was settled for $19,000.

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!