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For
more information on coverage details or to obtain a quote contact
Brian Davis.
bdavis@sterling-grant.com
Phone: 602-954-7200
Fax: 602-954-9624
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Entertainment Insurance Definitions
Cast Insurance
(Film Producers Indemnity)
Provides coverage for additional or extra costs incurred in the
completion of the film over and above the normal budget costs, occasioned
by the death or disability through accident or sickness of any specifically
scheduled artist, with various extension of this definition. This
is basically an extra expense and/or abandonment coverage. A medical
examination of those persons to be insured is normally required
within 21 days prior to commencement of filming.
Pre-Production
Indemnity
This insurance protects the production company in the event their
incurred cost and expenses are tied to the subsequent unavailability
of a contracted director or artist; it also covers extra expenses
incurred in the event of death or disability of an insured artist
or director during Pre-Production.
The policy terms
and conditions are almost identical to those in the Film Producers
Indemnity (Cast) Policy and a medical examination will be required
prior to any sickness cover being given.
Extended Pre-Production
Indemnity is normally required when the period of insurance is measured
in months prior to filming rather than weeks.
Post Production
Indemnity
This provides coverage similar to Cast Insurance for directors,
editors and others during the Post-Production period. It is needed
when delays due to the disability or death of such persons would
cause the Production Company to incur considerabile Extra Expenses
in completing the film.
Negative Film,
Videotape & Master Tape Floaters
Covers risks of physical loss of or damage to the negative film
and indemnifies the insured for the extra expenses incurred in reshooting
the lost or damage material, or for aborted costs in case of abandonment.
Faulty Stock,
Cameras, Sound Equipment & Videotape Recorders
This is a buy-back to the Negative Floater, to include coverage
for loss or damage caused by the following:
· Fogging or the use of faulty materials, faulty cameras
or videotape recorders or faulty sound equipment or soundtracks
· Faulty developing, editing or processing
· Cutting, physical editing, cueing or other laboratory work.
· Accidental erasure of videotape recordings or soundtracks
· Accidental exposure to light
Props, Sets
& Wardrobe
This is special form property coverage providing for most causes
of loss or damage worldwide Inland Marine Floater covering owned
property and the property of others while used or to be used as
props, sets or wardrobes in connection with the insured production.
Miscellaneous
Equipment (Cameras, Grip, etc.)
This includes coverage for camera, sound, grip, electrical, lighting,
communications and musical instrument equipment, production locations
equipment (fixed and mobile), recording equipment, theatrical property
and all related property covering loss or damage worldwide on owned
and rented equipment used or to be used in the insured production.
Scheduled Equipment
A policy for scheduled equipment is used to provide coverage for
items not directly related to the production, but are integral to
a site, such as trailers, property in trailers and other support
type property, not directly used in the production.
Extra Expense
Indemnity
When production equipment or property is damaged, extra expense
coverage is available to reimburse the Production Company for any
additional costs necessary to complete principal photography of
an insured production due to the loss of, damage to or destruction
of property to either props, sets or wardrobes or equipment used
in connections with the insured production. Coverage includes losses
due to faulty generator operation and mechanical breakdown of cameras.
Automobile
Physical Damage
Pays for damage to or destruction of mobile equipment vans, mobile
studio units, cinemobiles, honey wagons, generators, portable dressing
rooms and similar type vehicles. Coverage applies to declared vehicles
for amounts up to specified values or limits. Coverage may also
apply to motor vehicles owned by the insured or any rented private
passenger cares, if specifically endorsed to the policy.
Third Party
Property Damage
This provides protection for damage to both real and personal property
and facilities utilized during production that is owned by others,
and excluded from a General Liability policy.
Money &
Securities
A simple broad form, low limit coverage for the theft or destruction
of cash and bearing instruments such as checks, handled while on
location as well as at home production locations.
Employee Dishonesty
A broad form, low limit cover for those special few employees entrusted
with the handling of funds and other valuable property for the production
manager.
Producers Liability - Errors and Omissions
This coverage provides protection against third party liability
claims and suits for:
· Invasion or infringement of 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 statutory law
· Libel, slander or other forms of defamation
· Unauthorized use of titles, formats, ideas, characters,
plots, performances of artists or other performers or other program
material embodied in the insured production, but only as to claims
based upon infringement of copyright or common law property rights
in literary or musical material, plagiarism, unfair competition
or piracy
· Breach of contract, implied or in fact, resulting from
the alleged submission of program, musical or literary material
used by the insured in the insured production
Committed or alleged to have been committed by the insured in the
business of the insured in connection with creation, production,
performance, distribution, exhibition, broadcasting, advertising
or publicizing of the Insured Production.
This coverage
is normally worldwide, excluding countries which are actively engaged
in civil or foreign wars. The application forms a part of the issued
policy and it is critical that it be completed in every detail,
signed by the insured and currently dated. All applications are
subject to review and clearance by legal counsel for the insurance
carrier.
Aircraft Liability
and Hull
Covering fixed wing aircraft and helicopters owned and./or non-owned
or hired for use in the production.
Watercraft
Liability and Hull
Covering owned or rented watercraft used in the production including
Charter's Liability, Protection & Indemnity coverage and Hull
Physical Damage.
Guild/Union
Accident Coverage
This is a blanket policy that covers the contract requirements for
accidental death, dismemberment and/or disability to all production
company members provided for by the motion picture and television
guilds including IATSE / NABET / SAG / SEG / WGA / PGA / DGA and
other guilds/unions. Coverage is blanket and the limits of liability
meet all signatory requirements. It covers the various modes of
transportation, including extra-hazardous work, underwater filming,
etc, as recited in the various Guild agreements and even extends
to non-union employees.
Specialty Coverages:
· Adverse Weather Extra Expense Indemnity or Rain Insurance
This coverage pays for extra expenses actually incurred by the production
company in the event of the postponement, cancellation or abandonment
of any or all of the filming due to adverse weather or rain at the
shooting location, which reasonable and necessarily prevents the
filming from taking place.
· Confiscation, Expropriation, Nationalization & Deprivation
Risks
Covers negative film, instruments, equipment and/or all other personal
property taken into foreign countries. Covers loss of and/or damage
to insured property taken by confiscation, seizure, appropriation,
expropriates, deprivation, nationalization, requisition for title
or use or willful destruction by or under the order of the government,
whether civil military or de facto and/or public or local authority
of the country in which the insured property is covered, excluding
war.
· Political Risks Insurance
Covers negative film, instruments, equipment and/or all other personal
property taken into foreign countries. Covers loss and/or damage
including:
• Extra Expense indemnifying the insured for extra costs incurred
in the event of the loss of permission to continue operations in
a particular country. Revocation of permits, licenses or approvals
to conduct the activities of the insured in that country. It pays
the extra expenses incurred in going elsewhere to do or complete
the same production activity as originally scheduled.
• Import/Export Embargo and other related coverages including
credit arrangements, collection matters, currency problems including
the repudiation/cancellation of contracts, etc. This is a very basic
form that is available in numerous markets and is seldom one that
an entertainment production company would normally need.
• War Risk Coverage is available on property while in transit
only and only when the period of exposure is less than 12 months
duration.
• Kidnap and Ransom and Extortion coverage can be placed on
any individual, target or otherwise, or the entire personnel when
traveling outside of the US.
• Animal Mortality covers the death of land, sea and air creatures
for their specified value. Coverage can be arranged on a special,
named perils only or transit only basis.
• Animal Extra Expense Indemnity covers additional or extra
costs incurred in the completion of the production necessitated
by the death or disability of a specified insured land, sea or air
creature.
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