If you are thinking about insurance when it comes to film production, it is important to consider what you need to protect, in order to obtain the correct coverage. Insurance for productions is important as it helps stop financial losses and protect the cast and crew. Many productions go ahead without a hitch, and insurance is not needed. However, it is important that it is in place just in case there are any issues and to give you peace of mind.

There are a number of different types of insurance options available. Let’s take a look at some of the main ones:

General Liability Insurance

The first, and most obvious type of insurance that a production company may need is general liability insurance. This can be used if there are any lawsuits or issues that come up against the company from third parties. This could include lawsuits about injury during filming or damages when on location. General Liability Insurance pays for both the damages or compensation from these issues, as well as the cost of any legal fees.

Workers’ Compensation Insurance

In many countries, it is also advised that you have insurance that helps out employees who may be injured while filming and be unable to work for a period of time. Worker’s compensation insurance would cover the costs of any medical expenses linked to the injury, rehab to help fix these injuries and even covers any wages that are lost if there is an accident during filming.

Equipment Insurance

Film production can require a large amount of equipment, which it is important to insure. Equipment that is misplaced, stolen, or harmed while being produced is covered by this kind of equipment insurance. For projects that rely heavily on specialist equipment, covering for rental equipment may also be included.

Film Production Insurance

One specific insurance product that you may wish to consider is film production insurance. This is designed for those that are specifically within the industry and covers a number of scenarios including loss of income that crew members may experience, or injury claims from staff members – ensuring that you are not out of pocket. Often banks linked to video production require this level of insurance before funding projects as it keeps their investment safe.

Umbrella Insurance

Umbrella insurance can be put in place if you believe that your production needs more protection. It is called umbrella insurance as it casts a wide net over coverage, and it can be used to cover the costs of damages or losses to the business. Umbrella insurance can cover a multitude of different features, so it is important to check that the specific policy that you plan to take out is right for you.

The Take Away

Listed above are just some of the types of insurance available for those working on a film set. Insurance is there not to be needed, but to act as a backup should something go wrong. Each and every video is different, and therefore your specific needs might change. Therefore, it is important to ensure that any insurance policies you take out are specific and cover exactly what you need them to.