How does production insurance work

An unexpected rain storm can cause your camera to short circuit. A light can fall off the ceiling mid shoot. A costume could get ruined. The list goes on. You always want protection on your film production and the people involved in it. You never know what can occur on set. The best way to feel secured and protected from the unknown is purchasing film insurance.

There is no right or wrong insurance policy. So long as you have the coverage needed for all aspects of your production.

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No two insurance policies are identical, particularly those for film production, which can vary dramatically in size and scope. Thimble is small business insurance that works when you do; pay by the hour, day, week, or month—whatever suits your needs. The film industry is made up almost entirely of freelancers. With Thimble, you can get a quote for video production insurance that meets the requirements of your set in minutes. In the span of 60 seconds, you can go from generating your quote to having your very own Certificate of Insurance COI.

You can receive digital copies of the COI emailed or simply download the app and have all your documents on hand for easy access. At Thimble, you can get an affordable and flexible short-term film production insurance policy—in less than 60 seconds. The fact is, you need your own policy. For instance, during the shoot, if you decide that the show must go on despite a severe storm warning, and the set decor you rent is damaged, you may face a third-party property damage claim.

The size of your policy will bank on the necessary coverage and scale of your shoot. No, staff injuries that occur on set are not covered under a General Liability policy. If you want to keep your hardware safe, you should look into purchasing a commercial property policy.

Get an Acord 25 Certificate of Insurance in your inbox and your client's in less than 60 seconds. Add crew and Additional Insureds instantly.

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It can even cover volunteers. In short, it covers everyone working on a film set. While General Liability protects third, non-working parties. A film insurance deductible is the amount of money on an insurance claim you have to pay before the insurance provider does.

Added onto your existing annual or short term production insurance policy, special film production insurance policies cover a wide swath of elements, including:. It's definitely worth it to be as upfront and honest when securing your policy and add-ons. Feel safe with the appropriate policy well before filming begins. While most every production company has entertainment insurance, many have an entertainment payroll service as well.

On a higher level, both insurance and payroll affect your ability to run your productions seamlessly. Since every production you run is different, you need vendors that can adapt to your ever changing needs.

Companies like Wrapbook provide production insurance and payroll together. By combining intuitive software with an around-the-clock dedicated entertainment broker, Wrapbook is providing producers with the all the tools they need, without the jargon-y language. Be sure to know exactly what your production will need in order to get the best price estimate. If you're already using Wrapbook to pay your cast and crew, even if only for one-off shoots, take advantage of our short term production insurance too.

Hopefully, this guide provided a spring board to better understand film production insurance so you get can the best policy possible. Now it's time to choose the best film insurance company that's right for you. At Wrapbook, we're all about providing the very best free resources to producers and their crews. However, this post is not a substitute for professional legal advice. Answers do not create a company-client relationship, nor is it a solicitation to offer legal advice.

Seek the advice of a licensed attorney in the appropriate jurisdiction before taking any action that may affect your decisions or rights. The Wrapbook Team consists of individuals who are thrilled about building modern software tools for creators. You can find us across the U. Sign up for the Wrapbook monthly newsletter where we share industry news along with must-know guides for producers.

We are incredibly grateful and excited to our clients and our employees for making this possible. We can't wait to keep growing together. If you want to find success in the entertainment industry, check out our tips on how to craft and improve a film production resume. Know the different types of videos at your marketing disposal and how best to use them to best support your clients and their corresponding visions.

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