How a Specialized Film Insurance Broker can help your Production

Posted by David Hamilton on Feb 29, 2016 9:39:49 AM

But first, what are insurance brokers?

Insurance Brokers work for the client to represent their interests, negotiating the lowest possible premium and the broadest coverage available. This is very different from an insurance agent, who represents the interests of an insurer. Brokers must take on-going to courses to maintain their licenses, which must be renewed yearly. They must be insured in each province for which they provide advice, so producers should check to see that their broker is licensed in the province in which they will shoot to prevent the production company from being fined.

 

What is a brokerage?

logo5Front Row, for example, is a brokerage, housing a group of national experts – brokers who have specialized in the study and practice of insurance for film production, TV series, documentaries, webisodes, music videos and more. A brokerage must carry its own E&O insurance because brokers are responsible for their actions and can be sued for professional negligence if their advice is deemed to be faulty. It’s important to know the limit of the E&O insurance the brokerage holds:  $1,000,000 may not be enough once legal fees are deducted from the limit. The strength of a brokerage will determine its relationship with the four film insurance companies which underwrite productions in Canada: Chubb, Fireman’s Fund, Everest and Travelers.  Because of its size and specialization, Front Row has a unique relationship with these insurers, allowing its brokers to get the best coverage at the best price from the right insurer.

 

What can a specialized broker do for you?

  • Make sure the insurance company pays the amount of the claim you are entitled to
  • Help you to understand the specific language shown on Film Production Policies
  • Act as a conduit between you and the insurance company. 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 you on ways to limit potential liabilities during production
  • Review your existing insurance policies to reveal gaps or deficiencies in the coverage
  • Comprehensively review your production to assess the amount and type of insurance required
  • Help you understand what coverage you have and do not have and explain any limits to the coverage

 

Some tips on working with a broker

  •          Make sure they are licensed wherever you shoot
  •          Ask about their E&O coverage
  •          Make sure they offer specialized, knowledgeable advice in a clear and easy-to read format

 

Tags: Film Insurance, Film insurance broker, Entertainment Insurance Broker, Specialized film insurance broker, Canada Film Broker, Front Row Insurance Brokers, Camera Insurance Broker

Live: From The Heart Productions to interview Kent Hamilton

Posted by Mike Groner on Sep 3, 2014 9:43:00 AM

Kent Hamilton InsuranceFront Row President Kent Hamilton will be interviewed by Carole Dean of From The Heart Productions   and Claire Papin in a BlogTalk Radio Program on 9/3/14 at 10 AM.

The topics will be Production Insurance coverage, Errors and Omission Insurance and a question and answer session.

Here is the link to the upcoming interview http://www.blogtalkradio.com/the-art-of-film-funding/2014/09/03/your-ultimate-guide-to-insurance-for-films-by-kent-hamilton

This is also the link where listeners can tune in to hear the show live and as an archive later; questions are invited through the call in number at (646) 716-8600

Tags: Film Insurance, E&O insurance for Films, Kent Hamilton

FILM PRODUCTION INSURANCE PREMIUMS: ONE WAY TO SAVE MONEY

Posted by David Hamilton on Jun 30, 2014 5:03:00 PM

One of the simplest ways to reduce film production insurance premiums is to lower the net insurable budget. The net insurable budget is the amount left once various budget line items are removed from the definition of insurable costs. The rate that is negotiated with the insurance company is applied against the net budget.

A typical rate might be .70 cents per hundred dollars of net budget depending on the current insurance market conditionspical rate

To illustrate, let us assume a cable TV movie needs to be insured with a budget of $2,000,000. Typically, we would remove the following lines items as costs that do not need to be insured: 

  1. Story and scenerio - we will assume this amount is $50,000 (I know writers are never paid enough).
  2. Post Production costs - we will assume this amount is $200,000

Claims that happen during post production are covered; however, due to the low risk of claims in post, the insurance company does not apply rate to post costs which is why it has been removed.

$2,000,000 less script and post costs leaves a net insurable budget of $1,750,000. $1,750,000 times the negotiated rate of .70 reults in a premium of $12,250. If the net were less than $1,750,000 the premium would go down.

Other budget costs to consider removing from our sample budget might be:

  1. Producer fees ($50,000)
  2. Development ($20,000)
  3. Publicity ($5,000)
  4. Overhead ($35,000)
  5. 50% of contingency ($25,000)

Removing the above items would lower the net insurable budget by $135,000 to $1,615,000 and would result in a premium savings of $945.

Once the budgeted cost is removed from the net insurable budget it is no longer insured in the event of a claim so producers need to be sure before removing from the insured budget.

As specialized film insurance brokers, we can help guide you to an appropriate net insurable budget for your film production.

Tags: Short Film Insurance Cost, Film Insurance, Entertainment Insurance, Film Production Insurance Premiums, film insurance premium

Kent Hamilton of Front Row Insurance to Speak at Cine Gear Expo

Posted by David Hamilton on May 22, 2014 1:22:00 PM

Kent Hamilton, President of Front Row InsuranceFront Row President Kent Hamilton will participate as one of
a professional group of panelists in Cine Gear Expo’s  Master Class “The
Dynamics of Digital Distribution” on Sunday June 8, 2014 at Mole Richardson’s in Hollywood from 2PM to 5PM.  The class will discuss the dynamic world of digital distribution as it relates to future filmmakers.

This will include shopping for a sales company, understanding the choices of distribution/sales and what essential delivery requirements will be needed from the sales side. It will also entail views into the domestic and international markets and how to prepare for this changing global landscape.

Registration is available at  www.cinegearexpo.com.

 

 

 

Tags: Film Insurance, Front Row Insurance Brokers, Kent Hamilton

Film Production Insurance: Smoke and Fog Safety on The Film Set

Posted by David Hamilton on Dec 7, 2012 4:52:00 PM

To keep your film insurance premiums to a minimum utilize best practices when using fog and smoke effects on set.

The following substances are typically used to create smoke or fog:

1.            Propylene glycol, dipropylene glycol, butylene glycol, and polyethylene glycol

2.            Glycerin products

3.            Highly refined mineral oils

4.            Cryogenic gases such as carbon dioxide or liquid nitrogen

The choice of substance depends on whether it will be used indoors or outdoors, and whether the cast or crew will be exposed to it for significant period of time.

Film Production Insurance and Smoke Fog SafetyEnsure that you follow the manufacturer’s guidelines when using any of these substances. You should not alter the mix. Never heat substances above the temperatures specified in the guidelines.

Use the minimum chemical concentration for the minimum time necessary to achieve the desired fog or smoke effect. Check  the Regulation to see if the substance you are using has an exposure limit. Do not exceed exposure limits or reduce the oxygen concentration in the air below the normal level.

If necessary, have an occupational hygienist assess ways to reduce exposure and confirm that the oxygen concentration in the air is sufficient.

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)

 

Tags: Film Insurance, Film insurance broker, Hazardous stunts, Stunt Insurance, Film Insurance claims, Specialized film insurance broker, Front Row Insurance Brokers, stunt & SPFX, Film and HD Production Companies, film insurance premium, Film insurance broker, Specialized film insurance broker

Film Production Companies and Camera Cars: Reducing the Risk

Posted by David Hamilton on Nov 26, 2012 5:42:00 PM

The camera car should  be engineered specifically for film and television production. The insert-camera car operator has the authority to suspend operation of the vehicle if they believe the vehicle is unsafe in any way.

General Guidelines – Follow these safety requirements when working with insert-camera cars:

  • Inspect the car – including the brakes, tires, electrical system, and towing equipment – before and after each use
  • Qualified, experienced workers must rig the car
  • When using an insert-camera car at night, install two portable tail lights on the towing vehicle
  • Do not transport crew members or equipment not directly needed for the shot sequence
  • Do not ride on the tow bar or on the exterior of the towed vehicle. Crew members may ride on a towed camera platform specifically designed for this type of work, as long as they use the necessary restraints and harnesses.
  • In most cases, insert-camera cars require a police escort during operation

 

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 contact us if you have any questions.

 

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Substantial Film Insurance Savings in Vancouver compared to Los Angeles

Posted by David Hamilton on Nov 21, 2012 5:08:00 PM

It is much less expensive to  insure a film production in Vancouver as compared to Los Angeles - $30,000 less for a film budgeted at $5,000,000.. This is a substantial benefit to a producer that is considering Louisiana, New Mexico or LA vs Vancouver.

I have prepared an excel premium savings spreadsheet for you to share with US Producers to make them aware of yet another good reason to film in BC!

You can download the premium savings spreadsheet here

Please let me know if you have any questions.

I hope to see you at the Whistler Film Festival.

david@frontrowinsurance.com

   1 604 684 3456

 

                                Front Row Insurance                                           

                                                        

Tags: Commercial Production Insurance, Film Insurance, Film Production, Film Production Insurance, Entertainment Insurance, Film insurance broker, Entertainment Insurance Broker, Annual Film Insurance, Film Production Companies, Film Insurance claims, Film Production Insurance Premiums, Film Producers, Front Row Insurance Brokers, Film production offices, Canadian Insurance

Risk Assessments for Film Productions

Posted by David Hamilton on Nov 20, 2012 1:44:00 PM

Most workplace injuries and diseases can be prevented by identifying and dealing with potential workplace hazards and unsafe work practices.

 

Q. When do you need to conduct a risk assessment?

 

A.  For each potentially hazardous activity or situation involved in your production. Ie.

  • Stunts
  • Special Effects
  • Water work
  • Helicopters, Fixed-wing aircraft, and gliders
  • Exotic or domestic animals and reptiles
  • Potentially hazardous location

 

Conducting Risk Assessments – 3 basic steps

 

  1. Identify potential hazards and unsafe work practices
  2. Assess the risks associated with the potential hazards or unsafe work practices
  3. Deal with the potential hazards or unsafe work practices

Remember: Write your risk assessments on paper, that way they can be attached to call sheets and used as a reference in case they are needed at a later date.

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)

Tags: Film Insurance, Film Production, Film Production Insurance, Entertainment Insurance, Film insurance broker, Entertainment Insurance Broker, Film Production Companies, Film Production Insurance claims, Film Producers, Specialized film insurance broker, Cast Insurance, Short Film Insurance, Short Film Production Insurance, Risk Assesment

Film Production Companies and Lighting Safety

Posted by David Hamilton on Nov 19, 2012 11:05:00 AM

Lighting – Set up  Film Set Lighting Safely

 

  • Use appropriate fall protection equipment when setting up lighting
  • Ensure that all lighting fixtures are supported so that they will not fall ie. Use safety wire or chain to suspend fixtures
  • Ensure that all lighting stands are property weighted with sandbags
  • Cover arc-type lamps such as HMIs in wet weather to prevent rain from entering the unit and ballast
  • When using open-faced lighting units, provide protection from shrapnel in case the bulb explodes
  • Ensure that scaffolds or other metal grids that are used to support the lighting are grounded
  • Before using any grounded equipment, test for continuity between the ground pin on the plug and the metal parts of the lighting equipment
  • Before relamping or repairing a light, turn it off and disconnect it from the power source.

 

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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Call Sheets Help Reduce Film Production Insurance Costs

Posted by David Hamilton on Nov 14, 2012 5:44:00 PM

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:

  • Scheduled stunts
  • Any special effects that will be used
  • Scheduled use of firearms
  • Potential hazards specific to the location
  • Any required personal protective clothing and equipment and how workers can get it
  • The name, contact number, and location of the first aid attendant
  • The location of the first aid kit or facility
  • The location of the nearest hospital or emergency facility
  • Any other health and safety concerns that the cast and crew need to be aware of

 

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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