Film Production Insurance Coverages Explained - Part 2

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

FILM PRODUCTION INSURANCE COVERAGES EXPLAINED - PART 2

FILM PRODUCTION INSURANCE COVERAGES

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

Part 1 here. Part 3 here.

Related: Film Insurance 101 book

Topics: Film Insurance, Entertainment Insurance, Commercial Production Insurance, Documentary Insurance, DICE Insurance

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