A specialized insurance policy for film, television, and commercial productions lasting 60 days or less. This insurance provides comprehensive coverage for the unique risks of short-duration projects in the entertainment industry.
Why Do You Need Short Term Production Insurance?
Protect Your Investment
Producing content involves significant financial investment. This insurance protects against unforeseen events like accidents, property damage, or equipment loss, which could lead to costly delays or cancellations.
Meet Legal and Contractual Requirements
Many filming locations, equipment rental companies, and municipalities require proof of insurance. Having coverage ensures compliance with these requirements and prevents legal issues.
Who Should Consider Short Term Production Insurance?
- Independent Filmmakers and Producers: Essential for protecting against liabilities during one-time projects or short shoots.
- Production Companies: Ideal for established production companies undertaking short-term projects, with customized coverage for specific risks.
Coverage Options
- General Liability: Protects against claims of bodily injury or property damage to third parties.
- Third-Party Property Damage: Covers damage to property not owned by the production company but used during filming.
- Owned & Rented Equipment: Insures equipment against theft, loss, or damage.
- Workers’ Compensation: Provides benefits to employees suffering work-related injuries or illnesses.
- Non-Owned and Hired Auto Liability: Covers liabilities from using vehicles not owned by the company but used for production purposes.
How Does Short Term Production Insurance Work?
- Assess Your Needs: Identify specific coverages based on production activities.
- Get a Quote: Contact entertainment insurance providers for a tailored quote.
- Provide Production Details: Share production schedule, budget, and high-risk activities like stunts or pyrotechnics.
- Obtain Certificates of Insurance: Once insured, certificates can be quickly issued for locations and equipment vendors.
Benefits of Short-Term Production Insurance
Speed and Efficiency
- Quick Turnaround: Policies can often be secured quickly to accommodate tight production schedules.
- Immediate Certificates: Fast issuance of certificates to prevent delays.
Comprehensive Coverage
- Tailored Policies: Customize coverage for specific risks, such as stunts or the use of animals.
- Bundled Pricing: Save costs by bundling multiple coverages together.
Frequently Asked Questions
Can I Get Coverage for High-Risk Activities?
Yes, many providers offer coverage for stunts, pyrotechnics, and other high-risk elements, usually requiring a detailed risk assessment and potentially affecting premiums.
How Quickly Can I Obtain a Policy?
Some insurers can issue policies within 24 hours for productions not involving high-risk activities. Providing complete information expedites the process.
Conclusion
Short Term Production Insurance is crucial for protecting both your financial investment and ensuring compliance with legal and contractual obligations. Secure the appropriate coverage to focus on creating quality content without worrying about unexpected setbacks.
For more details or to get a quote, consult licensed insurance providers experienced in entertainment industry needs.
Sources
- Insurance Information Institute
- Association of Independent Commercial Producers
- Producers Guild of America
- California Film Commission
- The Hartford
- Insureon
- Entertainment Partners
- ProSight Specialty Insurance
- Front Row Insurance Brokers