Production Insurance: Coverages Commonly Purchased

Production Insurance: Coverages Commonly Purchased. Knowing what production insurance you need and what it covers is confusing to say the least.

Below is an attempt to outline the typical insurances coverages that are commonly purchased and provide a brief explanation for each type.

CAST INSURANCE

• Covers against extra expenditures caused by death, sickness, disability or kidnapping of insured cast members, director, DOP, or anyone else designated under cast coverage

NEGATIVE FILM & VIDEOTAPE INSURANCE

• Covers against extra expenditures caused by loss of, damage to, or destruction of Negative or Tape on an “all risk” basis, excluding coverages outlined under the Faulty Stock, Camera & Processing coverages

FAULTY STOCK CAMERA & PROCESSING INSURANCE

• Covers against extra expenditures caused by damage to, or destruction of negative or tape caused by faulty stock, faulty camera, faulty processing and accidental erasure or exposure to light

PROPS, SETS & WARDROBE INSURANCE

• Covers props, sets, scenery, costumes, wardrobe and similar theatrical property on an “all risk” basis against direct physical loss or damage to said property

MISCELLANEOUS EQUIPMENT INSURANCE

• Covers cameras, camera equipment, sound and lighting equipment, grip equipment and similar miscellaneous equipment on an “all risk” basis against direct physical loss or damage

PROPERTY DAMAGE LIABILITY INSURANCE

• Covers against all sums the insured shall become legally obligated to pay because of loss of, injury to, or destruction of property of others in the care, custody or control of the insured

• Excludes property covered under miscellaneous equipment and props, sets and wardrobe coverage

EXTRA EXPENSE INSURANCE

• Covers expenditures that the insured may incur in the event of interruption, postponement or cancellation of production as a result of damage to, or destruction of, property or facilities

OFFICE CONTENTS INSURANCE

• Covers property usual to the office occupancy of the insured on an “all risk” basis against all risk of physical loss of or damage to said property

MONEY & SECURITIES

• Covers against direct losses caused by destruction, robbery, wrongful abstraction or computer theft of money and securities

• Coverage often includes loss or damage to the property or premises resulting from robbery or safe burglary

COMMERCIAL VEHICLE PHYSICAL DAMAGE INSURANCE

• Covers hired automobiles which are property of others for which the insured is liable and which are lost, damaged or destroyed during the term of coverage while such property is used or to be used in connection with the declared production

• Coverage is for physical damage to the vehicles and does not include third party liability coverage

ANIMAL MORTALITY INSURANCE

• Covers against death or destruction of any animal specifically insured. A veterinary certificate is usually required

COMPREHENSIVE GENERAL LIABILITY

• Covers against all sums that the insured shall become legally obligated to pay for bodily injury, property damage or personal injury arising out of the operations of the production company

• Excludes liability arising out of the use of motor vehicles, aircraft or watercraft

• Coverage limits range from $1,000,000 to $25,000,000

NON-OWNED AIRCRAFT LIABILITY INSURANCE

• Covers the insured against legal liability arising out of the use of non-owned aircraft

NON-OWNED WATERCRAFT LIABILITY INSURANCE

• Covers the insured against legal liability arising out of the use of non-owned watercraft

• Coverage can often be extended under the Comprehensive General Liability Policy

WORKERS COMPENSATION INSURANCE

• Coverage is available in Canada only from provincial governments

• Coverage outside Canada can be arranged either through our office or from local government agencies

PRODUCERS ERRORS & OMISSIONS LIABILITY INSURANCE

• Covers against all sums that the insured may become legally obligated to pay as damages resulting from lawsuits for:

a)Invasion or infringement of privacy

b)Infringement of copyright or trademark c)Libel, slander or other forms of defamation

d)Plagiarism, piracy or unfair competition resulting from the alleged use of titles, formats, ideas, characters, plots, performances of artists or performers or other material

e)Breach of contract, implied or in fact or in law, resulting from the alleged submission, acquisition or use of program, musical or literary material used by the insured in the insured production

• Policy includes coverage for legal expenditures incurred in the defense of any claim

MAJOR MEDICAL, LIFE ACCIDENTAL DEATH & DISMEMBERMENT INSURANCE

• These types of coverage may be of particular interest on productions that are occurring outside Canada. There may be certain minimum requirements under union contracts that should be considered

• Major medical insurance can include coverage for hospitalization, drugs, doctors and nurses fees, air ambulance, transportation and repatriation expense, physiotherapy, x-ray, blood transfusion, etc.

For more information or if you need production insurance contact me at doug@frontrowinsurance.com and be sure to mention that you saw this post on indiefilm.org.

Categories: Pre-Production

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