Film production insurance is crucial in filmmaking. A good film insurance policy protects the producers, filmmakers, film crew, production gear and all the filming locations from liability claims.
Below is your guide to everything you need to know about Film Production Insurance and how a broker can help you.
What is Film Production Insurance?
Film production insurance protects your production company and/or project from related liability. Since no two projects are alike, a good film production insurance policy is tailored to a production company’s needs at the time of purchase.
A production insurance policy can cover an individual project if a short-term policy is purchased, or can be tailored for the business if it is an annual policy.
As a Producer, you carry a large responsibility if something goes wrong. A good insurance policy can protect you from the following:
- Liability related to injuries on set
- Theft and ‘loss and damage’ of rented and owned equipment
- Libel or copywrite infringement claims
- Business Interruption
Short term vs Annual Production Insurance
Although production insurance is available on a project-by-project basis, if you are planning to shoot multiple times throughout the year, an annual policy might be the most effective.
What do you need to know about hiring an Insurance Broker?
Choosing the right broker is very important, your policy (including its coverage and rate) will only be as good as the broker securing it.
Our checklist below will give you some tips on how to select the best insurance broker for your specific needs.
What you need to say to your Insurance Broker
Nothing is worse than having an issue on-set that could have been covered by your policy but isn’t.
Midland Insurance Brokers has extensive experience in insuring all elements of the film, television and photographic industries. Our brokers have worked alongside many producers to insure some of Australia’s best known productions. We also specialise in film and photographic equipment insurance.
This article is informational only and should not be construed as individual advice as it does not consider your individual needs. You should consider if the insurance is suitable for you and read the Product Disclosure Statement or policy Wording before buying insurance.