Film Insurance Form
In all we have guaranteed nearly 6 000 feature films television series documentaries and streaming productions.
Film insurance form. Film finances has given completion guarantees to all leading banks in the entertainment industry major film studios and distributors. Will have to be paid anyway. In the event production of the film is abandoned the completion guarantor will fully repay all sums invested in the film by the bank or financiers. Film insurance a major interruption of the shooting can occur when one of the main actors gets injured or sick preventing him to show up on the film set.
Cast insurance covers any additional costs that can arise if a production loses a cast member director or any personnel and often represent the largest film insurance claims. See all programs contact form. Philadelphia insurance companies specializes in the entertainment industry and understands the special exposures related to film production. The most common deductible amount is 2500 meaning it s not worth taking out an insurance claim for an item valued under 2500.
As of december 31 2019 hici had admitted assets of 778 266 779 and policyholders surplus of 215 333 986. Film emporium addresses the unique insurance needs of the entertainment industry specializing in film productions and special events. The policy conditions are usually stipulated in the coverage form of the insurance policy. The section of an insurance policy that identifies general requirements of an insured and the insurer on matters such as loss reporting and settlement property valuation other insurance subrogation rights and cancellation and nonrenewal.
We cover features television series docs commercials music videos webisodes and other productions intended to be distributed on mobile devices. We provide a flexible and comprehensive insurance program for risks all across the united states. Front row insurance brokers arranges film production insurance to cover the risks associated with your production. Underwritten by hiscox insurance company inc 104 south michigan avenue suite 600 chicago il 60603.
Cast insurance is a form of key man life coupled with business interruption protection. The strike price or the production price as it is sometimes referred is the amount that the completion guarantor believes will be needed in order to complete and deliver the film. That also means that if a lens breaks that was worth 2400. Any content created by you the producer.