Vehicle insurance is easy because you know how much it’s worth. Insuring a production is not the same as insuring a car. When deciding on which type of production insurance is best for your project, it makes sense to investigate both short period, once off shoots and longer-period insurance options, as the difference in cost between the two is often quite minimal. It’s also a good idea if you’re producing an independent film, or you have your own equipment that you rent out to other productions. Most producers will opt for year-round production insurance if they have their own company, or if they’re a freelancer working on four or more productions a year. They are also ideal if you have many different shoots planned throughout the year. Long-term production insurance is designed for full-length feature film shoots or in-depth documentaries. They can be taken out for just a single day’s cover, although most people are advised to make sure they’re insured for the pre-shoot prep days and post shoot days as well. Short-term production insurance covers your productions on a project by project basis, and are ideal for shooting advertisements or music videos. Short-Period vs Longer Period Production Insurance
But all policies should be based on a few solid principles designed to protect the producer from liability relating to any on-set or vehicle accident injuries, loss and damage to owned and/or rented vehicles or equipment, and any libel or copyright infringement claims. No two projects are alike, and all good production insurance policies are specifically tailored to meet the production company’s needs at the time. This is why it’s important to make sure your insurance company offers Film Producers’ Indemnity, including Nominated Key Cast & Crew, Damage to Sets & Wardrobes, Faulty Stock or Negatives / Digital Images, Extra Expense, as well as Public Liability, Employers’ Liability, Third Party Property Damage, Damage to Equipment, Hired in Vehicles and Personal Accident Cover, among others. Therefore, comprehensive Film Producers’ Indemnity Insurance Cover is one of the first things producers put into place before they even think about shouting, “Aaaaand, Action!” Project producers shoulder the bulk of the responsibility for their project, and if something goes wrong, there can be legal, financial and even criminal consequences for the producers personally.
With millions of Rands on the line in almost every project, anything that delays production can mean financial ruin in a matter of days.
FILM PRODUCTION INSURANCE TV
If you’ve ever been involved in the making of a feature film, documentary, advertisement, music video or TV series, you’ll know only too well that the threat of something going badly wrong hangs over your head every day.
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