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Under-writing your film can mean the difference between completing the job and - for some smaller companies - going under. Of course, there are different levels of insurance cover available - standard and extras. Here's a big picture look at what you get in each category.
Standard film insurance features
- Film producer’s indemnity (or “cast insurance”) - generally used if scheduled cast members cannot attend due to illness or injury
- Negative film and videotape coverage - for loss or damage to film and costs of re-shooting material
- Extra expense liability money errors and omissions - covers the company for extra costs incurred as a result of damage to property or facilities
These aspects of a policy protect the cast, the props, sets, wardrobe, equipment and office contents.
Extra protection for productions
Additional coverage can also be extended to:
- Non-appearance, cancellation or abandonment
- Adverse weather conditions
- Kidnap or ransom
Whilst not compulsory, film insurance offers production companies a viable way to protect their investment. It's a niche area so taking advice from a specialised insurance broker familiar with film and television programme production is wise. The National Insurance Brokers Association (NIBA) can help you find the right broker. Brokers familiar with the film and television industry will be better able to understand the risks of your particular job and will have the experience necessary to set you up with an insurance policy that will facilitate a smooth running production even if the unexpected occurs.
