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What are DICE Insurance Policies?
Many film and video companies engage in multiple productions throughout the year. These types of companies, known as DICE Producers (Documentaries, Industrial Films, Commercials and Educational films), benefit from an annual insurance policy known, conveniently, as a DICE Policy.
Somewhat like an annual travel insurance policy that covers all the trips you take in a year, a DICE insurance policy will cover all the productions you undertake in a year, so you don’t need to keep re-applying for insurance for each individual production. This gives DICE Producers the freedom and flexibility to provide certificates of insurance and lock locations at a moment’s notice (many municipalities require $5 Million in Commercial General Liability to secure a film permit). An annual policy also means you only have to think about the insurance once a year, and unless you’re insurance nerds like us, once is probably enough!
There are some limitations: a DICE policy won’t cover feature length films, productions with shooting periods over 90 days, or TV series, episodes, or specials. But it will cover productions like short subjects, music videos, and photo shoots, along with the DICE staples—virtually everything except feature films and TV series.
Calculating your DICE premiums:
The policy premium is based on your actual annual gross budgets. Coverage is purchased with a deposit premium that is based on your provisional, estimated annual gross production costs (say, you expect to do $500,000 that year). Then, at the end of the year, you report a final gross production cost and the premium is adjusted up or down accordingly. If you weren’t as busy as you had anticipated, the unused premium is refunded to you, or, if business was booming and you did better than expected, you can pay for the additional coverage used at the end of the year. This means you’re only paying for the insurance you actually needed during that year. Our DICE policies have a minimum annual gross budget of $220,000 and no upper limit, so whether you’re just starting out or a seasoned pro, Front Row’s DICE Policy can be tailored exactly to the needs of your production business.
Additional Coverage is also available for:
Visit the Front Row Insurance Website for more information or a fast, free no obligation quote!
A Short Shoot Policy is intended for those producers who are conducting shoots lasting 14 days or less, using rented equipment and with budgets of $250,000 or less. This makes it ideal for short film producers, student projects or anyone else who will be filming on a short term basis and requires insurance. Equipment coverage can apply to any rented film production equipment as well as rented props, sets and wardrobe up to the specified policy limits. Commercial General Liability coverage can also be purchased either together with equipment coverage or on a standalone basis. If you would like a free non-obligation quote or to purchase coverage, please visit our Short Shoot policy website here. *Currently we are only able to provide this coverage to Canadian Producers. If you require this coverage from outside of Canada please contact your local Front Row office for assistance.
The Dice Package Policy is intended to provide insurance for documentaries, corporate videos, commercials, educational films music videos and more. It is best suited for producers who are planning to produce projects other than feature films or TV series. This can provide coverage for a full year for Rented and Owned equipment as well as Props, Sets and Wardrobe, Office Contents, Vehicle Physical Damage and more. Commercial General Liability coverage can also be purchased either together with the equipment coverage or on a standalone basis. If you would like more information or to request a free non-obligation quote, please visit our DICE Policy website here. If you are a US based Producer please click here instead.
For more information please see the infographic below.
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The Annual DICE Insurance Policy takes the hassle out of purchasing film insurance for your film productions. It is flexible, affordable, and customizable - designed to fit your individual needs.
This policy will not only save you time, it will also save you money. Insuring all your productions under one policy helps to cut the costs, as it will reduce the administrative expenses associated with insuring each production individually, and these savings are passed onto you.
The Annual DICE Policy is specially designed to provide: insurance for commercials, documentary insurance, coporate video insurance,educational film insurance, music video insurance, training video insurance, short film insurance, and still photography insurance.
Check out our Infographic below for coupon savings and more.
Interested in seeing more? Visit the Front Row Insurance Website for a free no obligation quote!
Tags: Film Production Insurance, Short Film Insurance, Entertainment Insurance, DICE Policy, Commercial Production Insurance, Documentary Insurance, Front Row Insurance Brokers, DICE Insurance, corporate video insurance, educational film production insurance, music video production insurance, music video insurance, Educational Film Insurance
Los Angeles, CA USA – December 13, 2016 – The new DICE policy launched by Front Row is less expensive than policies currently available in the film insurance market. DICE stands for: Documentaries, Industrial, Commercial, and Educational Films. The new policy also covers Music Videos, Sizzle Reels, shorts and other smaller productions.
For producers that anticipate multiple projects in the next 12 months, the Front Row DICE policy will save time and money. Due to an innovative streamlined process, an indication of costs can be provided in minutes and a film policy is available in 6 hours.
The policy is underwritten by Chubb - the world’s largest publicly traded property and casualty insurance company with headquarters in New Jersey: https://www2.chubb.com/ca-en/about-chubb/.
An indication of costs can be provided over the phone or by clicking here: http://www.frontrowinsurance.com/annual-production-insurance
The Front Row DICE policy also covers owned fixed and mobile filming equipment (for an additional charge). Corporate offices are insured at no additional cost.
This minimum package is $3,500 and will allow producers to shoot up to $200,000 of total project budgets in one year. Additional budget expenditures can be insured for $65 per $10,000 of production costs.
The package provides continual coverage for a year which allows Filmmakers the flexibility to take on last minute projects without having to scramble to negotiate insurance coverage. It covers your shoot anywhere in the US or Canada.
Location and equipment rental certificates are unlimited and free. Front Row provides filmmakers with electronic certificates: filmmakers can issue 24/7 without having to contact Front Row each time.
“Filmmakers that purchase a policy can sleep easy knowing their gear is covered on and off the set all year and while in transit to a job. The policy also offers general liability to protect the filmmaker against property damage and bodily injury that they cause while filming on location or in a studio.” said David Hamilton, President of Front Row. “The expected savings should be 20% in addition to the fast turnaround. Commercial use of owned or rented camera, lighting and sound equipment is not covered under a typical homeowners policy: the Front Row DICE insurance policy is an inexpensive and fast solution to this problem.”
The policy term is for 12 months.
All equipment is covered for: theft, damage, fire and loss of use. Rental equipment coverage is included. Learn more here: http://www.frontrowinsurance.com/annual-production-insurance
“We wanted to make the insurance process easier, faster and cheaper for DICE filmmakers,” said Hamilton, “Given that the process has been streamlined, there is less overhead making the cost to process a DICE insurance policy much less and we have passed the savings on to the filmmaker.”
About: Front Row Insurance Brokers Inc. is an independent insurance broker that works on behalf of the arts and entertainment industry to provide insurance for the lowest possible cost. Should a claim occur, Front Row ensures that clients receive the money they are owed per the insurance policy, as quickly as possible. Front Row has offices in Los Angeles, Nashville, Colorado, Vancouver, Toronto, Montreal and Paris France.
DOUG HODGES - VICE PRESIDENT
Tags: DICE Insurance
C’ est une police film d’assurance pour gagner du temps et de l'argent si vous prévoyez plusieurs projets au cours des 12 prochains mois.La police d’assurance «dice» signifie et couvre:
Documentaires, vidéos corporatifs , commerciaux, films éducatifs. Il couvre également les Clips et le court métrage.
Exclut *: budget de plus 150.000 en long métrage ou / Télévision
- Série télévisée ou épisodes
- Productions avec des périodes de tournage de + 90 Jours.
(* sauf indication pour approbation et, dans certains cas, une prime supplémentaire s'applique)
Une police assurance anuelle de film offre une couverture préétabli pour un an pour votre bureau et tous vos productions - à l'exception des films et des séries avec des budgets plus de $ 150,000.
Nous allons vous fournir des certificats en blanc pour l'année, ce qui vous permet de reserver les endroits et louer du matériel à la dernière minute .
Responsabilité civile générale est moins cher avec une police annuelle parce que vous ne payez qu’ une fois par an et couvre l'ensemble de vos projets dans une période de 12 mois. Beaucoup moins de travail et à moindre coût de pour la couverture de chacun de vos projets.
Un police typique d'un producteur avec 250.000 dollars de productions annuelles est la suivante:
|Film négatif / Videotape||250,000|
|Stock défectueux, camera , Développement||250,000|
|Accessoires, décors et costumes||200,000|
|Matériel loué divers||750,000|
Matériel divers vous appartenant
(prime supplémentaire s'appliquera)
|Responsabilité pour dommages aux biens||2,000,000|
|Contenu de bureau||100,000|
|Argent et valeurs||25,000|
|Dommages causés à des véhicules||150,000 par véhicule|
|Responsabilité civile générale||2,000,000|
Une prime de dépôt débute à 1500 $.
Vos coûts finaux de productions brutes pour toutes les productions réalisées pendant la durée de la police sont signalés à la Société dans les 30 jours suivant l'expiration ou la résiliation de la couverture.
Une prime minimum de 1500 $ sera applicable quels que soient les termes de couverture.
Les primes peuvent être financés sur l'année pour aider votre flux de trésorerie.
Nos taux varient en fonction du rapport Film / Vidéo, types de productions et le nombre de productions annuelles estimées.
La couverture de responsabilité générale (pour couvrir les lieux de tournage contre les dommages matériels ou corporels causés par votre équipe) est en sus. Par exemple, une limite $ 2,000,000 coûterait $ 750 par an; une limite $ 500,000 coûterait $ 1000 par an.
Appelez-nous ou envoyez-nous un courriel pour une soumission une description de la couverture demandée ainsi que de plus amples informations.
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Imminent Peril is part of Extra Expense coverage. EE itself is similar to Business Interruption insurance, except that it will not cover loss of income, but rather if you suffer an insured loss it will pay for the extra costs to get your production back to filming as soon as possible. It will also reimburse you for extra costs incurred because something out of your control has prevented you from filming.
What does ‘Imminent Peril’ cover? :
‘Imminent Peril’ is defined in the policy as “We will pay for expenses you incur to avoid a loss insured under this policy due to imminent peril to the extent that such expenses serve to avoid such loss.” It will pay for the damage you cause to prevent further damage.
EXAMPLES of losses that would be insured by Imminent Peril:
- A sudden storm hits your external set with golf ball sized hail stones. To prevent damage to your filming gear, you tear down a façade from your set to cover the cameras. The cost to rebuild the intentional damage to the set would be covered by Imminent Peril.
- A small fire ignites in your production office. You attempt to control the fire by switching off the gas supply, breaking the alarm glass, using fire extinguishers and fire blankets, and evacuate the building to protect persons and property. This coverage will pay for these extra materials and lost productive time used to minimize damage.
NB: As with most other coverages, there are some standard exclusions that apply to Extra Expense coverages. Please see the policy wording for a full description of the coverage, or call a specialized film insurance broker such as Front Row Insurance: firstname.lastname@example.org.
Daily Call Sheets are a useful way to alert cast and crew to potential hazards for that day’s shooting schedule, and to inform them about which safety precautions they might need to take. Film Insurance underwriters appreciate the risk management component of a call sheet and take this protocol into consideration when assessing the film insurance risk of a film production.
The following should be included on Call Sheets:
Safety guidelines should be attached to call sheets ie. If any special effects are to be used on the set, then a safety guideline should be attached specific to the type of special effects that will used. For example, if you are shooting near a thoroughfare with lots of traffic, it may be useful to add notes about this on the call sheet. What are the weather conditions like? Will the crew require special footwear or clothing for extreme temperature? What about sunscreen or hydration requirements?
Along this line of thought, it is important to include information such as the nearest hospital, along with any other emergency numbers that are specific to your location.
Have you thought about:
Putting up safety posters in common areas around the set location as a reminder to pay attention to certain hazards around the workplace and certain locations ie. Aerial filming etc.
A specialized film insurance broker is best able to present the risks associated with your film production to the film insurance underwriter to ensure you receive the best coverage and premium for your production.
Front Row Insurance Brokers are specialized Film Insurance Brokers. Please call us if you have any questions.
The above information is based on WorkSafe – Focus on Safety – Safe Work Practices for Film and Television Production in B.C. (2001 edition)
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Claims Made E&O Policies cover claims that are made during the policy term. The loss may have occurred in the past, but as long as it is reported during the current policy term, it can trigger coverage. In order for coverage to continue, the policy must stay in force.
With this type of policy, endorsements can be made so that the policy responds to incidents which occurred before the policy start date, also known as “Prior Acts” coverage. Tail Coverage is another extension that can be obtained wherein the insurer will cover events that occur while the policy is in force, but which the insured is unaware of during the policy period, and are reported to the insurer after the policy terminates. By obtaining tail end coverage, the claims based policy is in effect converted to an occurrence policy.
A benefit of this type of policy is that if a claim arises relating to incidents which occurred before the policy start date, the claim may be covered. Another reason why this type of E&O policy is purchased is because it is less expensive than occurrence based policies. Typically the premium increases over the first five years of coverage in increments proportional to the claims reporting for that experience.
Once a “claims-made” policy has expired, purchasing insurance for past events will become difficult, expensive and perhaps not possible. Once coverage has expired, claims can no longer be submitted, even if the claim occurred during the policy term.
Occurrence based E&O policies cover losses that occur during the policy term as long as the project/film is released or broadcast during the dates at which an incident causing damage occurs. Although the loss can be reported years later, it must have “occurred” during the policy term. This type of E&O policy may not cover occurrences that happened prior to the policy being in force.
A benefit of this type of policy is that there is no need to renew the policy to maintain coverage. Also, years after this type of policy has lapsed, a claim can be made for incidents that occurred while the policy was in force.
This type of E&O policy is typically more expensive than claims based policies because the insured is prepaying for tail costs whether the tail gets used or not. Another disadvantage is that if a claim arises before delivery to the broadcaster or distributor, any defense costs associated with the claim may not be covered. It’s important to speak with your broker about whether Prior Acts coverage is included on your Occurrence Based Policy.
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Front Row is an independent broker that represents Film Producers – not the insurance companies. We can offer you quotes for your project from all four of the Film Insurance companies in Canada: Chubb, Fireman’s Fund, Premiere and Travelers.
If you are not receiving four quotes from the broker that you are using, please contact us and we would be happy to provide the missing quotes so that you ensure you are receiving the best premium and coverage available in the marketplace.
We can make the process simple for you. If you are able to provide us with the following information, we will have an indication of costs and/or a quote for you within 24 hours or less:
1. Dates of Filming
2. Copy of Budget Top Sheet
3. Synopsis and Script
There is no cost or obligation – you have nothing to lose and you may benefit with a lower premium.
Our staff have a combined 205 years of experience insuring film productions in Canada. In the event of a claim, we will ensure that you are paid the money you are owed as quickly as possible. We have offices in Montreal, Toronto and Vancouver with a staff in excess of 16.
Articles about our firm are available on our website.
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