Where To Buy Production Insurance?

Now, without further ado, let’s look at some of the most commonly utilized film production insurance policies:

General Liability Insurance

During a film shoot, the general liability insurance policy covers any injuries and property damage. This policy, however, does not cover injuries to cast or crew members; only injuries to people who are not involved in the actual production are covered.

The worker’s compensation policy covers all cast and crew personnel participating in the film production.

This policy also covers any incidents that occur during production involving operational cars.

Every filmmaker or production business should get general liability insurance, especially if they plan to shoot in public.

You’ll almost certainly require a permission if you’re shooting your movie in public spaces. You’ll also need general liability insurance in order to get a permit.

Looking to shoot your film in public spaces but don’t know where to start? Find out more about how to get film permits and site releases.

How do you get a COI for production?

If you have the proper coverages, certain production insurance providers have an online system where you can construct the majority of your own COIs. You can enter the names and addresses of your certificate holders, as well as choose from all of the standard language that corresponds to your coverages, in these systems. If you run across anything you can’t handle on your own, talk to your broker about having one written for you.

If you’re still not sure, use Wrapbook’s quote builder to see what you’re up against.

Because other production insurance providers do not offer this, your insurance broker will prepare the COI for you. In this situation, email your broker the certificate holder’s name and address, as well as any language requirements, and your broker will complete the transaction as soon as possible.

You may relax before, during, and after filming once you have your certificate of insurance. You may quickly add your COI before onboarding cast and crew if you’re using Wrapbook.

Uploading your COI to Wrapbook is a necessary in order to protect yourself and your production long before you onboard or run payroll.

How much is annual production insurance?

What is the cost of film production insurance? The response may be anything. Insurance companies set their rates based on a variety of factors, including the size of the production business, the budget of the filmmaker, the type of insurance required, and the risks involved in the production (e.g. dangerous stunts). The cost of short-term film production insurance normally starts around $400 and rises depending on the criteria listed previously. Premiums for annual or DICE policies can range from $400 to $2,500 per year.

What insurances are required for a film production?


Budget for it

Even for a one-day production, you should allocate 2 percent to 3% of your film budget for short-term insurance — at the very least $2,000-$3,000. Naturally, the more complicated your production is and the more expensive your equipment is, the higher this cost will be.

You can only buy through a broker

You must go via an insurance broker to purchase production insurance. Put some effort into it because a producer may only have one broker. Three or four phone calls may be all you need to get the information you require. You most likely have acquaintances who can put you in touch with their brokers. Check out LA / NY 411 if you haven’t already.

Why do I need production insurance?

Whether you’re a freelance videographer or the boss of a production business, filmmaking is a hands-on experience with a lot of moving parts. Even the most careful and well-organized television pros are not immune to mishaps.

Film insurance is meant to give you peace of mind when working on a busy set. If you work in television or commercial film production, insurance can protect your finances if things don’t go as planned, such as if a member of your team is injured.

Whether you work in a studio or on location, Hiscox can help you safeguard several parts of your business by customizing production insurance.

What is production wrap insurance?

You hired a production company to shoot your commercial, but that’s only the beginning. You now have meetings to attend, budgets to handle, and a slew of other details to keep track of. Furthermore, you will be able to repeat this process for Every. Single. Person. Commercial. You don’t need the added worry of ensuring that each production business you use is properly insured. That’s why it’s time to finalize your DICE (Documentary, Industrial, Commercial, and Educational) coverage.

Wrap Up is a complete DICE insurance policy that helps cover all of your productions under one policy, including all speciality items (such as cameras, props, third-party damage, extra expense, and even talent) that move with the shoot. Any of these items that are damaged or lost might cause filming to be delayed, cost money, and put the project in jeopardy. This scenario will not work with your annual commercial calendar.

A ProSight Wrap Up puts YOU in control and provides you with peace of mind. The following are the main advantages of Wrap Up coverage for your business:

With a ProSight Wrap Up policy, you won’t have to worry about confirming that each production company you hire is covered by DICE. WITH ONE MASTER POLICY, YOU CONTROL THE COVERAGE FOR ALL THE PRODUCTION COMPANIES YOU HIRE ON A YEARLY BASIS. You establish the boundaries and conditions that are appropriate for your company’s requirements and risk tolerance.

Your DICE policy has customized coverage for your individual needs that contractor policies may not supply. You’ll have more peace of mind while the cameras are rolling if you have this form of protection.

Contractors’ insurance estimates on any given bid can vary greatly based on the nature of work or location of the shoot. If you have DICE insurance through a Wrap Up, however, each production company’s insurance estimate may be removed from the bid, giving you more control over expenses and budgets.

Wrap Ups are a wise business decision for organizations who generate a lot of advertisements per year, or for companies that want to scale up their advertising activities. Determine whether a ProSight Wrap Up is appropriate for your company’s DICE insurance requirements. To learn more, please contact me.

What does production mean in insurance?

Farmers who grow livestock, such as chickens, frequently employ Production Contracts as a risk transfer mechanism. It’s a formal legal agreement between integrators (usually a large, specialized livestock-oriented company) and producers/farmers that spells out the terms and conditions that govern producer production payments.

What is inland marine insurance?

Property coverage for material, products, or equipment that moves or is transportable, and/or is used in transportation or communication, is known as inland marine insurance. This sort of coverage usually includes covers property that belongs to someone else but is kept at the policyholder’s residence.

Why it is important to get production insurance for a movie?

By covering a specific value amount, film production insurance protects your production company and/or project from related responsibility. In general, a strong coverage will shield the producer from liabilities arising from on-set injuries and automobile accidents.