Film & Entertainment related business account
Our Film and Entertainment Division specialise in placing binding authorities, treaty and facultative reinsurance on behalf of our coverholders and insurance companies for both film production and film completion guarantee business. We have over 15 years experience in this specialist class and have built up extensive contacts with insurers and reinsurers.
Typically, the film product can be broken down into the following covers:
| Film Producers Indemnity |
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| CAST |
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Provides coverage for any person designated for insurance and appearing in or contracted to work in a declared production. Indemnity is paid for additional costs incurred as a result of a declared person being prevented by their death, injury or sickness occurring during the period of insurance, from commencing, continuing or completing their respective duties or performances. |
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| NEGATIVE/FAULTY |
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Provides coverage for the costs of repairing and/or replacing raw film or tape stock exposed film (developed) as a result of damage or destruction caused by an insured peril during the course of filming, processing, transport or storage up to the time of delivery. |
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PROPS, SETS, WARDROBE |
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Provides cover for the value of props, sets wardrobe and/or camera and related equipment, owned or rented by the Insured which is lost, damaged or destroyed during the term of cover while such property is used in connection with the declared production. |
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Cover will also provide for loss of use of property of others for which the Insured is legally liable. |
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EXTRA EXPENSE |
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Provides cover for losses the Insured sustains as a result of extra expense the Insured incurs in the event of the interruption, postponement or cancellation of a production as a direct and sole result of loss of damage to or destruction of property or facilities contracted by the Insured for use in connection with such production caused by the perils insured against and occurring during the term of coverage. |
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THIRD PARTY PROPERTY DAMAGE
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Provides cover for all sums for which the Insured shall become legally obligated to pay as damages because of loss of, or injury to, or destruction of property of others during the term of cover whilst such property is in the care, custody, or control of the Insured. |
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OFFICE CONTENTS |
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Provides cover for the value of the business personal property including furniture, fixtures equipment and supplies owned by the Insured, or which is the property of others for which the Insured is liable and which is lost, damaged or destroyed during the term of coverage. |
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MONEY & SECURITIES |
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Provides cover for money and securities used in connection with the Insured Productions. |
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COMMERCIAL VEHICLE PHYSICAL DAMAGE |
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Provides cover for the value of motor vehicles in connection with the declared production, which are the property of others for which the insured is liable. |
Errors and Omissions Insurance
This cover indemnifies the Production Company in respect of any sums which they shall become legally obligated to pay as damages resulting from claims made during the currency of the policy, arising out of:
- Invasion or infringement or interference with the right of privacy or publicity, whether under Common Law or Statutory Law.
- Infringement of copyright or trademark, whether under Common Law or other forms of defamation.
- Libel, Slander or other forms of defamation.
- Plagiarism, piracy or unfair competition resulting from alleged unauthorised use of titles, formats, ideas, characters, plots, performances of artists or performers, or other materials.
- Breach of Contract, implied in fact or in law, resulting from the alleged submission, acquisition or use of programme, musical or literary material, used by the Insured in the Production.
Insurers also agree to pay all costs and expenses incurred by Insurers in defending, settling or investigating any claim up to and within the limit of indemnity.
Film Completion Guarantee
A Completion Guarantee provides cover for a fee on behalf of Financiers or Investors of the Film in the event the film is not completed on time or goes over budget.
The Completion Guarantor takes the middle ground between those involved in the production of the film and those financing the film.
Contact any one of the following to discuss further:
David Lawrence, Stewart Fox or George Wintour
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