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Whether you’re shooting a short film or a feature length movie, you can never be too prepared for the unexpected. Whether it’s your expensive stage lights breaking or someone getting hurt on set, having a production insurance policy in place is the best way to protect yourself and your company from the financial repercussions of these unfortunate events.
The first step is finding an entertainment insurance broker who can help you navigate all of the ins and outs of film production insurance. These brokers are experts in their field and will be able to help you find the right coverage for your needs at the best price.
A broker will also be able to take care of the paperwork on your behalf and ensure you get the coverage you need. This is an important part of working with a broker because it gives you peace of mind that you’re protected and your crew members are covered.
There are many different types of film production insurance policies and they all vary greatly in their scope and coverages. A great broker will know how to create a policy that fits your unique needs and has flexibility built into it, so you can easily tack on any add-ons you may need later.
Some policies will automatically include General Liability coverage, Workers’ Compensation and equipment insurance. While these are all good insurances, specialized policies may be necessary to cover certain production elements such as drones or stunts. These can be added to the policy at any time for a small fee, and are often a smart investment in order to keep your production safe.
Another option is to work with a specialist in the film industry who can tailor a policy to your specific needs. These professionals will be able to advise you on how much liability, worker’s comp, and equipment insurance you need for your particular project.
In addition, these specialists can also provide you with advice on the best ways to mitigate risks during production and prepare for them after your shoot is completed. This can be a great option for smaller projects and companies that don’t have the budget to pay for a more comprehensive policy.
A specialist can also help you choose the correct policy for your needs by taking into account the type of material you’re creating, where it will be distributed, and how it will be viewed. For example, if you’re making a documentary about an actual living person, errors and omissions (E&O) insurance is a good policy to have in place because it will protect you against lawsuits from libel and defamation cases.
Besides insurance, you’ll also want to make sure you have the proper licensing and permits in place for your production. It’s important to have all of these documents in place before your shoot starts, so that you can avoid any costly fines or penalties.
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