21 Dec Minimizing Disruptions in a Filming Schedule
Film production companies carry filming insurance to cover the risk of losses. Losses in film making may be the result of damage to property used in making films, or unplanned events that disrupt film production. Some of the most common insurance products carried by film companies are cast insurance, general film production insurance, errors and omissions insurance and completion bonding.
Unexpected events and accidents play havoc with carefully planned film schedules and budgets. Let’s look at a few examples of insurance coverage that may help to reduce the financial impact of accidents, mishaps and delays in the course of making a film.
- Workers’ compensation insurance can be problematic for filmmakers. One day there is literally a cast of thousands, and the next only a skeleton film crew. State laws require employers to carry workers’ compensation coverage to provide benefits to cast members or film crew who are injured in the course of their work.
- Film production companies go to a great deal of trouble to select and secure locations, but their best plans can come unstuck if a location cannot be accessed. Civil authority coverage pays compensation to the film production company for extra expenses that are incurred because a civil authority prevents access to a location, for example when police set up a crime scene near the filming location.
- Damage to property at a film location often arises during filming. Property damage coverage is designed to compensate the owner of the property for physical damage as well and loss of use.
It’s not difficult to imagine how a small mishap, accident or change in the weather could disrupt a film. Thanks to filming insurance – and a tremendous amount of American talent and ingenuity – motion picture centers like Hollywood continue to thrive.