Season's Greetings from Front Row Insurance Brokers

Posted by David Hamilton on Dec 30, 2009 2:34:00 PM
In a recent staff meeting one of our employees explained that they stayed late because they had to make sure the film production they were insuring had all the necessary certificates so that filming could proceed the next day. She felt responsible for the film production starting on time. 

It is this extra effort and sense of responsibility that makes our insurance brokerage thrive as one of the leading entertainment insurance brokers in Canada. This extra effort is the essence of our success in a service focused business such as ours.

As one of our current or prospective clients, I want you to know that delivering fast, knowledgeable service  at the best possible premium is our goal. We  always appreciate your comments to make sure that we are meeting your expectations.

 I would like to take this opportunity to personally thank you for your business and your comments - your input is important to us. Please help us to make your entertainment insurance experiance is as simple and stress free as possible. We want to be the broker that you can count on.

If there is something that you'd like to share with us, I encourage you to contact the Front Row representative that you deal with - or feel free to give me a call. I always enjoy talking to our clients and brokers because some of our best changes and initiatives have come about from feedback. For instance we are launching an on line quoting tool for musical instruments early in the new year.

I wish you a very happy holiday season, filled with success and adventure

Warm regards,

David

Tags: Annual Film Insuruance, Documentary Insurance, Film Insurance, Film Production, Film Production Insurance, Production Insurance, Film insurance broker, musical instrument insurance, music insurance

What Does a Film Insurance Broker do for you?

Posted by David Hamilton on Dec 30, 2009 10:59:00 AM

A film insurance broker helps identify the risks associated with your film production whether it be a: film production, TV series, Documentary, Webisode, Music Video and so on.

Once the risks are identified, they can be transferred to an insurance company for a fee or premium. The film insurance broker negotiates the lowest possible premium based on past experiance.

Unlike insurance agents - who work for the insurance company -  Insurance Brokers work for the client not the insurance company. Insurance brokers are recognized by law as experts in insurance. Insurance Brokers in Canada must pass a series of exams in order to be licensed. Insurance Brokers owe a higher duty of care to their clients than an Insurance Agent. Brokers represent the interests of their clients, not the insurance companies. They offer professional advice in arranging insurance on behalf of their clients.

Since insurance brokers are considered under the law as professionals they are responsible for their actions and can be sued for professional negligence if their advice is deemed to be faulty. All licensed brokers therefore need to carry professional Errors and Omissions coverage.

The many roles of a broker include:

  • Negotiate with the insurance companies on behalf of clients. There are 240 insurance companies in Canada. An Insurance broker must be familiar with what these companies offer so that the best price and coverage is procured for the client.
  • Brokers facilitate claims - Because the broker works on behalf of the client, it is their duty to ensure that insurance companies pay the full amount of the claim that the client is entitled to.
  • The broker acts as a conduit for communication between the insurance company and the client. This includes providing certificates for banks, bonding companies and locations to evidence coverage allowing banks to release funds to the client, locations to be locked by the location manager and equipment to be rented.
  • Advise clients on ways to limit potential liabilities during production.
  • Review scope of the client's existing insurance policies to reveal gaps or deficiencies in the coverage.
  • Comprehensive examination of the clients production to assess the amount and type of insurance required. A broker will also help the client understand what coverage they have and do not have any limits to the coverage.

It is important to deal with a broker that understands the specific language shown on Film Production Policies. For this reason, it is strongly suggested that you seek out a broker that specializes in this type of coverage.

Tags: Documentary Insurance, Film Insurance, Documentary Films, Film Production Insurance, Production Insurance, Film insurance broker

Steps to Obtain Errors and Omissions Insurance for Films

Posted by David Hamilton on Dec 30, 2009 10:49:00 AM

Obtaining e&o insurance for your film project is not difficult. Producers E&O covers against all sums that the producer or production company may become legally obligated to pay as damages resulting from lawsuits for:

  • a) Invasion or infringement of privacy
  • b) Infringement of copyright or trademark
  • c) Libel, slander or other forms of defamation
  • d) Plagiarism, piracy or unfair competition resulting from the alleged use of titles, formats, ideas, characters, plots, performances of artists or performers or other material
  • e) Breach of contract, implied or in fact or in law, resulting from the alleged submission, acquisition or use of program, musical or literary material used by the insured in the insured production
  • Policy includes coverage for legal expenditures incurred in the defense of any claim

The  Film Festival season has just ended. Many of our clients had successful screenings. To make the period prior to a festival as stress free as possible, consider the following steps so that Errors & Omissions  acceptable to the festival is obtained by the deadline.

  • Call for an application one month prior to the date coverage needs to be in place. Check your funding contracts to see if coverage needs to be in place prior to principle photography, or should coverage begin on delivery of the project.
  • Complete the application
  • Have your attorney review clearances
  • Send the signed application to my attention
  • I will forward the application, same day, to the underwriters (insurance company) and begin premium negotiations.
  • Underwriters will have their attorney clear the application and recommend coverage. Note that the attorney for the underwriter reserves three working days to clear.
  • Once clear, we can bind coverage.

Obtaining Errors & Omissions coverage is a negotiated process that should not be rushed as this results in the least competitive premiums. Leave enough time to consult with your lawyer and entertainment insurance broker to receive the best terms.

Tags: Documentary Insurance, Film Insurance, Film Production Insurance, Producers E&O Insurance, E&O Insurance, Errors and Omissions coverage for films

Film Production Coverages Explained - Part 4

Posted by David Hamilton on Dec 15, 2009 3:42:00 PM

Producers Errors and Omissions liability insurance is an important coverage for any film producer. Producers E&O covers against all sums that the insured may become legally obligated to pay as damages resulting from lawsuits for:

  • a) Invasion or infringement of privacy. Does a character in your script inadvertantly resemble a real person?
  • b) Infringement of copyright or trademark
  • c) Libel, slander or other forms of defamation
  • d) Plagiarism, piracy or unfair competition resulting from the alleged use of titles, formats, ideas, characters, plots, performances of artists or performers or other material
  • e) Breach of contract, implied or in fact or in law, resulting from the alleged submission, acquisition or use of program, musical or literary material used by the insured in the insured production
  • Policy includes coverage for legal expenditures incurred in the defense of any claim

Most broadcasters, distributors and sales agents will need to see evidence of e&o coverage in force for your project before they will enter into a contract with you. Distributors and broadcasters can typically be added to your E&O policy at no charge and evidence that they have been added can be evidenced by way of a certificate.

 The typical term of the policy is 3-5 years and the typical limit of coverage is: $1,000,000 per occurence, $3,000,000 in the aggregate with a $10,000 deductible

More film production insurance explained next post.

Tags: DICE Policy, Annual Film Insuruance, Documentary Insurance, Film Insurance, Film Production Insurance, Production Insurance, Producers Errors & Omissions Liability Insurance, Producers E&O Insurance, E&O insurance for Films, E&O Insurance, Digital E&O insurance, HD E&O

Film Production Coverages Explained - Part 3

Posted by David Hamilton on Dec 8, 2009 8:53:00 AM

Part three of our coverage explained post deals with the all important liability coverages to protect your film production.

COMPREHENSIVE GENERAL LIABILITY

  • Covers against all sums that the insured shall become legally obligated to pay for bodily injury, property damage or personal injury arising out of the operations of the production company
  • Excludes liability arising out of the use of motor vehicles, aircraft or watercraft
  • Coverage limits range from $1,000,000 to $25,000,000

NON-OWNED AIRCRAFT LIABILITY INSURANCE

  • Covers the insured against legal liability arising out of the use of non-owned aircraft

NON-OWNED WATERCRAFT LIABILITY INSURANCE

  • Covers the insured against legal liability arising out of the use of non-owned watercraft
  • Coverage can often be extended under the Comprehensive General Liability Policy

Our next post will discuss producers errors and ommissions coverage.

Tags: DICE Policy, Annual Film Insuruance, Commercial Production Insurance, Documentary Insurance, Film Insurance, Film Production Insurance, Production Insurance

Film Production Insurance Coverages Explained - Part 2

Posted by David Hamilton on Dec 7, 2009 3:30:00 PM

What follows are four more coverages that every producer needs to consider when creating a film project: 

EXTRA EXPENSE INSURANCE

  • Covers expenditures that the insured may incur in the event of interruption, postponement or cancellation of production as a result of damage to, or destruction of, property or facilities

OFFICE CONTENTS INSURANCE

  • Covers property usual to the office occupancy of the insured on an "all risk" basis against all risk of physical loss of or damage to said property

MONEY & SECURITIES

  • Covers against direct losses caused by destruction, robbery, wrongful abstraction or computer theft of money and securities
  • Coverage often includes loss or damage to the property or premises resulting from robbery or safe burglary

COMMERCIAL VEHICLE PHYSICAL DAMAGE INSURANCE

  • Covers hired automobiles which are property of others for which the insured is liable and which are lost, damaged or destroyed during the term of coverage while such property is used or to be used in connection with the declared production
  • Coverage is for physical damage to the vehicles and does not include third party liability coverage

The next post will discuss liability when using planes, trains and boats on your set.

Tags: DICE Policy, Annual Film Insuruance, Commercial Production Insurance, Documentary Insurance, Documentary Films, Film Production Insurance, Production Insurance, Entertainment Insurance

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