5 Things to Know About Making a Photography Insurance Claim

Posted by David McLeish on Dec 4, 2019 6:56:58 AM

5 THINGS TO KNOW ABOUT MAKING A PHOTOGRAPHY INSURANCE CLAIM

PHOTOGRAPHY INSURANCE CLAIM

1. Every claim is unique

We often get this question: “what if [insert hypothetical situation] happened? Would I be covered?” It is impossible to answer this question, because every claim is unique. Maybe you’ve heard an insurance broker give you vague, evasive, unsatisfying answers. That’s potentially because you’re asking the wrong question. Instead of asking “what’s covered?” you should be asking “what’s not covered?”

Most insurance policies work like this: everything is covered, except what is explicitly excluded by the policy. This allows for all kinds of unanticipated, unimaginable types of losses to be covered. It also ensures wordings aren’t 10,000 pages long. When you submit a claim, the adjustor will look through the wording to see if an exclusion applies. Some typical exclusions are: “wear and tear,” “mechanical breakdown”, “fungus”.

2. There can be many ways to prove ownership (not just receipts)

Lots of people buy camera gear second-hand. Claims adjustors are aware of this fact. If you don’t have original receipts, don’t panic. You can still cover the gear with your insurance.

Proof of ownership can take different forms, depending on the loss. If a lens is cracked, the proof is the cracked lens in your possession. You would only need to provide documentary proof in “total loss” situations (theft, destroyed in a fire, etc.). In these situations, original receipts are obviously best, but in the absence of these, the adjustor may use their judgment or common sense. They may try to work with you to find “creative” ways to substantiate prior ownership.

In all cases, it is up to the adjustor’s discretion; they need something that will “hold up”, and they will be using their “Spidey-senses”. If they think something is suspicious, they will ask for more concrete evidence and they may decline a claim. So, do what you can prior to a loss occurring to substantiate your ownership of the items you wish to have covered.

3. File a police report first (and take photos of the crime scene)

When a crime has been committed, you will need to report the crime to the appropriate authorities. For a theft claim, an adjustor will ask for a police report number as part of your supporting documentation. This also applies in foreign countries.

There are also special conditions related to theft from an unattended vehicle – there must be visible signs of forced entry. Basically, the insurance company is saying: if you leave your gear in your car, make sure you lock your car. They will need visible evidence that someone had to pry their way into your vehicle, so take pictures of the broken glass, or the scratches on your car. Without visible evidence of forced entry, your claim could be denied.

The insurance company's policy wording on unattended/unlocked property reads as follows: "we will cover theft of covered property from a locked container, vehicle or trailer when there are visible signs of forced entry. This exclusion does not apply while covered property is in the care or custody of a common carrier."

4. There will be a deductible

A deductible is the amount of the loss that you are responsible for covering before the insurance policy will respond. Say you have a USB drive stolen. Replacing it would cost $60, but your deductible is $350. Although, “technically” the claim would be covered, it is below your deductible, so the insurance company wouldn’t be responsible for paying any part of the claim.

If you damage a $500 lens, you would pay for the first $350 (your deductible), then the insurance company would cover the next $150.

After you’ve made a claim, an insurance company will generally increase your rates. There is no one-claim forgiveness. So, it may not make sense to submit a small claim, as you may end up paying more for insurance over the long-run. Insurance is not meant to cover small losses. It’s best used to cover the things that could really make or break your business.

5. You can still withdraw a claim after you have reported it

The only person who can give you a definitive answer to the question, “is it covered?” is a claims adjustor. In order to speak to an adjustor, you will need to report the claim to the insurance company. The adjustor will then review what happened and the supporting documentation, and advise whether coverage can be provided.

Once you have a clear answer, you can either decide to proceed with the claim or to withdraw it. Don’t be afraid to open a claim and talk to an adjustor.

Get Photography Insurance

As this is a blog post about claims, the assumption is that you already have insurance for your gear, but just in case you don’t: Front Row’s photography insurance policy is a good option. Many Canadian photographers have come to recognize Front Row as the industry’s best coverage – and rely upon us to protect their valuable camera gear. In case a claim does occur, you can work with your broker to resolve the claim and get compensated for covered losses as quickly as possible.

Refer a Friend to Front Row Insurance

Based on customer demand, we’ve setup our referral marketing program and if you refer a friend to Front Row, you could win a $15 Amazon eGift Card OR be entered into a random draw to win a $99 Amazon eGift Card! (depending on your province)

Related posts:

CLAIMS – FRONT ROW HANDLES YOUR CLAIM

HOW TO CALL A WRAP ON TOP FILM INSURANCE CLAIMS

Topics: photography insurance

Front Row’s Referral Marketing Program

Posted by Grant Patten on Nov 28, 2019 11:01:55 AM

Front Row’s Referral Marketing Program

Front Row Insurance referral program

You asked, we listened! In our September 2019 Customer Satisfaction Survey, we saw your requests for a referral marketing program and so we promptly set one up. A full 47% of our customers hear about us through word of mouth, and we'd like to start showing our appreciation for these referrals.

If you’re a Front Row customer: just complete the form on this landing page and we'll email your friend about our insurance products. Referring a friend to Front Row gives you the potential to win a $15 Amazon eGift Card OR be entered into a random draw to win a $99 Amazon eGift Card! (depending on your province/state)

provincial/state differences are as follows:

  • AB & BC: You'll get a $15 Amazon eGift Card IF the person you referred becomes a customer

  • ON: Simply by making a referral, you'll be entered into a random draw to win a $99 Amazon eGift Card. The draw will be quarterly (every three months)

  • All other provinces/territories: excluded (when/if insurance regulations change in these provinces, we’ll likely expand our referral program to include them also)

  • US: excluded

Refer a Friend

There is no upper limit—refer as many friends as you'd like!                          

Note: Front Row reserves the right to refuse to pay a referral reward.

SpottedRisk Disgrace Insurance

Posted by Nicholas Hanes on Nov 18, 2019 7:53:55 AM

SpottedRisk Disgrace Insurance

SpottedRisk Disgrace Insurance

An objective measure for mainstreaming a once vague and fraught insurance product

If businesses that employ entertainers aren’t terrified by the potential impact of scandal, they’re not seeing the whole picture. Blasted out in headlines around the world, and amplified by social media, celebrity disgrace has never been more prevalent or topical than it is today.

The financial and reputational fallout can be devastating following a high-profile disgrace incident; just think about the repercussions for those working with Matt Lauer, Jussie Smollett or Louis C.K.

Disgrace is an ugly and expensive problem for any business that works with entertainers — and now, uniquely, SpottedRisk has developed a parametric approach to qualifying disgrace events in the same way earthquakes or hurricanes are objectively measured. Through a data-driven, analytical reinvention of the legacy disgrace coverage, SpottedRisk created the Public Outcry Score™, an independent measure of the recall and severity of celebrity disgrace after an event occurred as determined by the public – not by Lloyd’s or a room full of actuaries.

If the public decides that a celebrity is unable or unlikely to recover, a claim is triggered. It’s as simple as that.

Starting now, Front Row is pleased to provide its customers who are domiciled in the US with access to the SpottedRisk Disgrace Insurance coverage, and can provide an indication if you click here:

Disgrace Insurance Application

For now, coverage is only available to US domiciled insureds, and public surveys are based on a demographically representative spread of the US population. Growth into Canadian and UK markets is expected in 2020, and will be announced here once available.

Disgrace Claims Summaries

Jussie Smollett is an American actor and singer, best known for his role on the Fox television series, Empire. On January 29, 2019, Smollett claimed he was attacked by two masked men who put a noose around his neck and doused him in bleach while yelling homophobic and racist slurs. But the police determined Smollett had orchestrated the attack, and he was subsequently charged with filing a false police report.

Following Smollett’s arrest, Fox announced it would be removing him from the final two episodes of the fifth season of Empire. With Empire’s sixth and final season set to premiere in fall 2019, Smollett has been written out of the show.  This would have resulted in a $2,000,000 claim for Fox had they held a $10,000,000 policy on the cast of Empire.

Matt Lauer is an American television news anchor best known as the co-host of NBC’s Today show. On November 29, 2017, Lauer was terminated by NBC after another NBC employee reported Lauer sexually harassed her while on location and in New York.  In the weeks that followed, several other complaints were filed by former NBC employees accusing Lauer of similar inappropriate behavior.

Lauer was terminated without a monetary settlement, as he was fired for cause. Following the accusations and public media coverage, NBC faced intense public backlash. This would have resulted in a $6,000,000 claim for NBC had they held a $10,000,000 policy naming Matt Lauer as insured talent.

SpottedRisk Disgrace Claims

Disgrace Insurance Application

Related Blog Post:

DISGRACE INSURANCE IN THE FILM INDUSTRY: A GROWING CONCERN

Topics: disgrace insurance

How to choose between a DICE Insurance Policy and a DigiGear Policy?

Posted by Grant Patten on Nov 11, 2019 12:33:21 PM

HOW TO CHOOSE BETWEEN A DICE POLICY AND A DIGIGEAR POLICY?

DICE (docs, corporate videos, commercials, educational films, music videos)

The DICE Package Policy is intended to provide insurance for smaller budget documentaries, corporate videos, commercials, educational films, music videos and more. DICE is best suited for producers who are planning to produce projects other than feature films or TV series.

DICE can provide coverage for a full year for rented & 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, visit our DICE Policy website here. If you are a US based Producer, click here instead.

A DICE policy is available in ~4 hours by calling or emailing our office.

DigiGear (film equipment)

The DigiGear Policy is intended for owners of camera equipment, sound, lighting and other film equipment. All equipment is covered for: theft, damage, fire and loss of use. Like DICE, the DigiGear policy term is also for 12 months. A DigiGear policy is designed to cover owners/operators of production equipment whose operations or services fall within one of the below classifications:

  • Camera Operator
  • Director of Photography (DP) / Cinematographer
  • Videographer
  • Sound Recordist
  • Digital Imaging Technician
  • Grip

Unlike DICE, DigiGear is not a film production policy.

A DigiGear policy is available online in ~five minutes 24/7.
Note: coverage under DigiGear is only available to Canadian residents at this time.

For a visual overview of the two policies, view the infographic below:

DICE vs. DigiGear infographic

RELATED POST:

HOW TO CHOOSE BETWEEN A DICE POLICY AND A SHORT SHOOT POLICY*

 

Topics: Documentary Insurance, DICE Insurance, digigear, Film equipment rental insurance, corporate video insurance, music video insurance, Educational Film Insurance

Video: How do I add an additional insured to my policy?

Posted by Grant Patten on Oct 31, 2019 12:08:26 PM

How do I add an additional insured to my policy?


Instructions for issuing blank certificates.

If you’re applying for a permit to film or photograph on location, or host an event, you may have been asked to provide a certificate of insurance that adds an “additional insured” to your policy.

Adding additional insureds to your policy is actually really easy, especially with the tools that Front Row provides you.

First: I’m going to explain how to add an additional insured to your policy using Front Row’s blank certificate. If you just want to fill out the paperwork and get that permit, this is as far as you’ll need to watch. Second: I’ll explain what it means to add an additional insured to your policy.

How do you add an additional insured?

Most of the policies that you can buy through Front Row’s website come with something called a blank certificate of insurance. This is included along with the documents you receive by email when you purchase a policy with us. It’s sent to you as an attached PDF.

You will also receive a PDF with instructions on how to issue blank certificates. The blank certificate is a fillable form that you can use to issue your own certificates. If you open the blank certificate, you’ll see a fillable field at the top where you can add the Name and Address of the person or entity who you’re issuing the certificate to.

To add a person, company, city, or government agency as an additional insured to your policy, copy & paste their name and address into the fillable “issued to” field.

Then print a copy of the PDF so it can no longer be altered. Give the certificate holder or permitting office their copy, and send a copy to our office so we know who you’ve issued certificates to. Email the copy to: certificates@frontrowinsurance.com

That’s it! You’ve just added an additional insured to your policy. You don’t need to get our approval or wait for any confirmation on our end. Front Row’s blank certificates are quick and easy, giving you the freedom and flexibility to provide the insurance documents you need to secure location permits or rent out venues or equipment.

Now, I should add one caveat. The blank certificate form will work in most cases, but occasionally, you may have to contact our office to get a custom certificate prepared. Some organizations want to see specific wording on their certificates that doesn’t appear on the blanks. If you’re not sure if you will need custom wording, try the blank certificate form first. If they reject it, then contact our office.

Related Video:

What does it mean to add an additional insured to my policy?

Topics: Film Insurance, photography insurance, Additional Insured

The Sustainable Production Forum & Sustainability in the Film Industry

Posted by Grant Patten on Oct 17, 2019 6:18:03 AM

THE SUSTAINABLE PRODUCTION FORUM & SUSTAINABILITY IN THE FILM INDUSTRY

THE SUSTAINABLE PRODUCTION FORUM#greenproduction #greenfilm #sustainability #sustainablefilm #gogreen

“The average person generates about 7 tonnes of carbon a year. A single film technician typically generates 32 tonnes per year.”
Melanie Dicks, co-founder of Greenshoot

This post about sustainability in the film industry is a natural extension of the last two climate-related posts we wrote on carbon offsetting and the Global Climate Strike. As Front Row cares about the environment and improving sustainability in the entertainment industry, it only made sense to become a sponsor of the Sustainable Production Forum (SPF), which focuses on challenges and solutions to greening the motion picture and entertainment industry.

Sustainability Issues in the Film Industry

First, what do we mean by sustainability? The basic definition is “the ability to continue a defined behavior indefinitely.” But here, we’re talking more specifically about environmental sustainability, which is defined as “the rates of renewable resource harvest, pollution creation, and non-renewable resource depletion that can be continued indefinitely. If they cannot be continued indefinitely then they are not sustainable.” –Thwink.org

“Entertainment, as a sector, has always lagged behind in incorporating sustainability.” –Zena Harris, President, Green Spark Group

Mountains of plastic water bottles or landfill-bound sets are not uncommon for big-budget shoots. A single mid-sized TV series can consume up to 57,000 water bottles and 810,000 sheets of paper per season.

A large TV series or film feature can be expected to consume construction material (over 900 tonnes for a large feature; 3,000 tonnes for a blockbuster) and gasoline (up to 175,000 litres for a large TV series).

All these numbers add up to a significant environmental sustainability challenge for the entertainment industry.

Examples of Sustainable Production Programs & Initiatives

In BC, sustainable production dates back to the 2006 creation of Reel Green, which provides tools and information for companies wishing to produce motion pictures in an environmentally responsible manner.

NBC Universal launched their “Green is Universal” initiative in 2007 along with a Sustainable Production Program and Green Production Guide. Green is Universal is NBC’s ongoing green initiative dedicated to raising awareness, effecting positive change to the environment and substantially greening its own operations.

In 2009, Green Screen Toronto published Green Practices Handbook [PDF], one of the first industry reports to note cost savings due to sustainable practices on large feature films.

Sustainable Lockup logoKeep it Green Recycling and Green Spark Group created the Sustainable Lockup in May 2017; the initiative has redistributed “well over 100 tonnes of set materials” — including windows, doors and flats. Sustainable Lockup also has a program to get leftover food from on-set catering to people who need a meal.

The British Academy of Film and Television Arts (BAFTA) has been a leader in helping transition the UK’s entertainment industry to environmental sustainability.

The set of UK short film The Blue Door (2017) was designed and built using 100% recycled and reclaimed materials – even down to the screws. Once filming was over, all of the set was returned to the production designer’s prop centre, where it could be hired back into the industry and repurposed for future productions.

How Sustainability Benefits Industry & Society

The Amazing Spider-Man 2 employed an eco-manager who helped reduce bottled-water use. A typical 60-day film shoot can save upwards of $6,000 just by eliminating plastic water bottles. Similarly, Tomorrowland employed an environmental steward and achieved a 91% waste diversion rate from landfills by following a comprehensive zero waste initiative.

The Man in the High Castle’s third season reportedly saved over $50,000 by implementing sustainable production practices, including simply switching from single water bottles to larger ones and having people bring their own bottle.

Green Spark Group works with producers to establish and meet sustainability goals. On average, Green Spark claims to save producers it works with some $73,000. Working with Green Spark in 2015, The X-Files diverted more than 81% of its total waste from landfills, achieving US$41,000 in overall cost savings.

Zero-emission vehicles (ZEV)Environmental activists in the entertainment industry – including SPF – are pushing for the adoption of zero-emission vehicles (ZEV). The Government of Canada has even set ambitious federal targets for ZEV reaching 10% of light-duty vehicle sales per year by 2025. The use of ZEV instead of vehicles that emit exhaust gas of course benefits the industry and society as a whole through less pollution. In BC, 95% of electricity is generated from renewables – mainly hydro. It costs $2.10 to charge a Tesla Model 3 to drive 100 km. By comparison, it costs approximately $23 in gas to run a typical V6 sedan for 100 km. ZEV vans and light-duty trucks will save productions significant dollars in fuel costs.

Attend SPF (Sustainable Production Forum)

Interested in learning more about greening the film industry? The Sustainable Production Forum focuses on the pressing issue of sustainability within the motion picture and entertainment industry. Learn more at https://www.sustainableproductionforum.com/

As climate change becomes increasingly urgent, all industries need to take up the flag of sustainability and create collaborative solutions to reduce our collective footprint.

 

Citations:

Event Insurance Program Now Includes Lowered Rates for Places of Faith

Posted by David Hamilton on Oct 8, 2019 6:18:52 AM

Front Row Updates Online Event Insurance Program to Include Lowered Rates for Places of Faith

Regeneration Works: Places of Faith

Vancouver, Canada – October 8, 2019 – Front Row Insurance Brokers Inc. is excited to announce that its online event liability insurance program is now available to the Faith & the Common Good network and National Trust for Canada members (together, Regeneration Works: Places of Faith) and their third party user groups.

The online event liability insurance policy is available in all provinces and territories in Canada.

Available online in less than 5 minutes with no need to talk to a broker; policies start at $25 and certificates proving coverage for the venue are free. A no-obligation quote is available any time of the day or night in less than 3 minutes here: https://www.frontrowinsurance.com/regeneration-works-event-insurance

Up to $5,000,000 in liability insurance is available. Costs arising from injury to guests and staff are insured. The protection in the policy will also cover lawyer costs.

“We wanted to make the insurance process easier, faster and less expensive for people who utilize short term space in faith buildings,” says David Hamilton, President of Front Row. “Given that there is no need to speak to a broker and an insurance company underwriter is not involved, the cost to process online event insurance is much less and we have passed the savings onto the customer of the short term rental. Although the policy is online, we are still available to answer questions by chatbot, email or over the phone.”

“If you’re an administrator of a spiritual venue of any kind, chances are you’ve been asked to share your venue for special events such as: weddings, birthday parties, meetings, yoga classes or workshops,” continues Hamilton. “We recognized that the many beautiful places of faith need to be protected, so we created special rates in our online event insurance program specifically for them.”

Available to buy online at https://www.frontrowinsurance.com/regeneration-works-event-insurance, Front Row’s event insurance policy also protects: anniversary parties, bar & bat mitzvahs, book signings, fashion shows, lectures, film screenings, holiday parties and more.

“Having worked with faith communities across Canada, it has become clear to our two organizations that quick, reliable access to insurance for third party users is a barrier to the sharing of faith buildings,” says Kendra Fry, advisor to the Regeneration Works: Places of Faith program. “We wish to encourage the broader use of these buildings, so we’ve worked alongside Front Row to devise an online portal to be used by any user of faith buildings. With this tool at their disposal, faith communities should be able to open their space to more good community works.”

Download PDF here

–30–

About: Front Row Insurance Brokers Inc. is an independent insurance broker that works on behalf of the Canadian arts, entertainment and faith communities to provide insurance for the lowest 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 Vancouver, Toronto, Montreal and Los Angeles. Visit their website at https://www.frontrowinsurance.com.

About: Faith & the Common Good is a national, interfaith charitable network founded in 2000 on the belief that our diverse faith congregations and spiritual communities can be powerful role models for the common good. FCG supports diverse faith and spiritual communities to contribute towards greener, healthier, more resilient neighbourhoods. Visit their website at https://www.faithcommongood.org.

About: National Trust for Canada is a national charity that leads and inspires action for places that matter. Our sites, projects and programs engage Canadians, enhance local identity, and bring heritage to life. Visit their website at https://nationaltrustcanada.ca.

For more information, contact:      
David W. Hamilton, President + CEO
602-1788 W Broadway
Vancouver, B.C., V6J 1Y1
P 604 684 3456
david@frontrowinsurance.com

Regeneration Works: Places of Faith

Topics: event insurance

Front Row Supports the Global Climate Strike

Posted by Grant Patten on Sep 24, 2019 1:09:42 PM

FRONT ROW SUPPORTS THE GLOBAL CLIMATE STRIKE

FRONT ROW SUPPORTS THE GLOBAL CLIMATE STRIKE

#unitedforclimate #greencircle

On Sept. 11, we posted about how we offset all carbon emissions created as a result of flights taken for our business. As an extension of that post, we would like to declare our support for the ongoing Global Climate Strike and we encourage all Front Row employees and customers to also support these strikes, as they are calling attention to one of the biggest issues of our time – climate change. Of course, we recognize that carbon offsetting is not a solution to climate change and stronger action is required from both public and private sectors.

The September 2019 Climate Strikes

The ongoing September 2019 climate strikes have likely been the largest climate strikes in world history. Organizers reported that over 4 million people have participated in strikes worldwide.

These strikes come out of the “School strike for climate” movement, an international movement of students participating in demonstrations to demand action to prevent further global warming. The movement began in 2015 when an independent group of students invited other students around the world to skip school on the first day of the 2015 United Nations Climate Change Conference in Paris and make the following demands:

  • 100% clean energy
  • Help “climate refugees” (people forced to leave their home due to sudden or long-term changes to their environment)

It was teenage environmental activist Greta Thunberg who brought the movement to global attention. On 20 August 2018, she protested by sitting outside the Riksdag during school hours with a sign that read "Skolstrejk för klimatet" ("school strike for the climate"). She has inspired students across the globe to take part in similar climate strikes.

Friday, September 27, 2019 – Global Strike for Climate Justice

This Friday, September 27, there will be a Global Strike for Climate Justice in many towns and cities across the world. View the interactive map on https://globalclimatestrike.net to find a climate strike happening near you and consider joining in. We have listed below a selection of climate strikes happening in some major Canadian cities:

Vancouver – General Strike! for Climate Action – Sept. 27, Vancouver City Hall, 1PM

Vancouver – General Strike! for Climate Action

 

Toronto – Global Strike for Climate Justice – Sept. 27, Queen’s Park, 11A

Toronto – Global Strike for Climate Justice

 

Montréal – Crise climatique, manifestation historique – Sept. 27, Mt. Royal Park, 12PM

Montréal – Crise climatique, manifestation historique

 

Halifax – K'jipuktuk – Sept. 27, Victoria Park, 11AM

Halifax – K'jipuktuk

 

Citations:

https://en.wikipedia.org/wiki/September_2019_climate_strikes
https://globalclimatestrike.net/

Front Row’s Carbon Offset Commitment

Posted by Grant Patten on Sep 11, 2019 10:24:55 AM

Front Row’s Carbon Offset Commitment

carbon offsets

“Canada declares national #ClimateEmergency. It’s great that more countries and regions are doing this. But remember: The fossil fuels must stay in the ground. Forget “climate neutral” and clever accounting. Our emissions must start their way to zero. Now.”
Greta Thunberg, teenage environmental activist | Twitter post (06.18.2019)

In this post, we’ll explain: the cost of a flight offset, corporate social responsibility (CSR) and carbon offsets, review some of the history of carbon offsetting, look at some examples of companies doing an effective job with CSR and conclude with a listing of some carbon offset vendors to consider.

What Does It Cost to Offset a Flight?

Front Row offsets all carbon emissions created as a result of flights taken for our business. The total emissions created for a flight from Vancouver to Toronto in economy is 1.294 tonnes. The cost for a gold offset is $32 per tonne, resulting in a reasonable cost of $41.42 each way.

The cost to offset your flight can be calculated in less than 30 seconds by using this link to Less Emissions.

Corporate Social Responsibility & Carbon Offsets

Corporate social responsibility (CSR): a type of international private business self-regulation. A company's sense of responsibility toward the community and environment (both ecological and social) in which it operates.

Carbon offset: an action intended to compensate for the emission of carbon dioxide into the atmosphere as a result of industrial or other human activity, especially when quantified and traded as part of a commercial program.

Front Row Insurance is an organization that takes CSR seriously. We demonstrate our commitment to CSR primarily through the implementation of a carbon offsets program: all flying that is done by Front Row has a carbon offset through Less Emissions Inc. Through Less, customers can calculate and purchase offsets to help mitigate the greenhouse gas emissions associated with air travel.

The History of Carbon Offsets

The carbon offsets idea likely originated with the Kyoto Protocol, signed in 1997 by many countries (and which Canada withdrew from in December 2012). The Kyoto Protocol has sanctioned offsets as a way for governments and private companies to earn “carbon credits” that can be traded on a marketplace.

In June 2019, The House of Commons passed a motion to declare a national climate emergency in Canada. A report from Environment and Climate Change Canada released in April found that Canada is warming up at twice the rate of the rest of the world; this situation requires that Canada commit to meeting its national emission target under the Paris Agreement.

Although Canada officially withdrew from Kyoto, there are many grassroots initiatives across the country focused on promoting the reduction of emissions, such as Montreal’s climate march on Sept. 27 2019, which has invited Greta Thunberg (the 16-year-old Swedish environmental activist) to participate. This event is part of Global Climate Week from Sept. 20-27.

Examples of Effective Corporate Social Responsibility

Well-known companies that seem to be doing a good job of CSR include:

  • Swiss Re: this reinsurance company charges its business divisions a fee based on their emissions, incentivizing them to reduce their carbon footprint while also raising funds that can then be reinvested in energy efficiency/used to purchase offsets.
  • Vancity: Vancouver City Savings Credit Union has increased its holdings of clean tech and renewable energy companies. The company has been integrating environmental, social and governance factors into its investment decisions.
  • Johnson & Johnson: this medical device company’s initiatives range from leveraging the power of wind to providing safe water to communities around the world.
  • Coca-Cola: they have invested in new alternatively fueled trucks and are intending to create a 25% reduction in their carbon footprint by 2020.
  • The Lego Group: in 2015, they announced plans to invest $150 million as part of an effort to make their iconic plastic building blocks better for the environment and make their packaging more sustainable (like cutting the size of packages).

Benefits of Carbon Offsets Program

There are benefits to both the general public and to companies when it comes to carbon offsets.

General public benefits:

  • Reduced pollution (in the future): the funds companies invest in offsetting normally go toward green technology projects that should, when completed, reduce the amount of greenhouse gases in the atmosphere, which obviously benefits the public at large.
  • Reputational benefits: people generally like having the reputation of being environmentally conscious and aware. People who buy offsets for their cars often receive a window decal to make others aware of their carbon neutrality, for example.

Company benefits:

  • Good PR & branding: offsetting carbon emissions engenders a certain amount of goodwill, both of the general public and certain investors; companies often like to take advantage of this opportunity to advertise their eco-friendliness in the marketplace.
  • Anticipation of regulation: companies can get “ahead of the curve” by proactively taking some measures to offset their carbon emissions and when government regulation inevitably comes, they will have something already to show regulators.
  • Tax deduction potential: if purchasing carbon offsets from a non-profit, under certain circumstances, the purchase could be considered a charitable donation and therefore tax deductible (depends on the carbon offset vendor).

How to Implement a Carbon Offsets Program

There are various carbon offsetting vendors that can be considered, including:

 

related:

FRONT ROW SUPPORTS THE GLOBAL CLIMATE STRIKE

 

Citations:

Disgrace Insurance in the Film Industry: A Growing Concern

Posted by Grant Patten on Aug 26, 2019 8:42:45 AM

Disgrace Insurance

Disgrace Insurance in the Film Industry

“You find out who your real friends are when you're involved in a scandal.”
Elizabeth Taylor

In this post, we’ll explain disgrace insurance and look at some of the interesting history behind this policy, we’ll review some infamous “disgrace events” and conclude with an overview of the main reasons why this policy should be considered.

What is Disgrace Insurance?

A standard Lloyd’s contract defines disgrace as “any criminal act, or any offence against public taste or decency … which degrades or brings that person into disrepute or provokes insult or shock to the community.”

Disgrace insurance compensates companies for the loss of irretrievable production costs or the expenses of altering a promotional campaign due to an unforeseen disgraceful act.

The History of Disgrace Insurance

Scandals in the film industry have been around since practically the start of the industry, of course, but in today’s digital era, they are compounded and often carry a significant financial toll on the companies involved. Stories about disgraced celebrities used to come out of one or two tabloid newspapers. Today, anything a star does is instantly on the Internet and spread through social media, so production companies and studios are rightly growing more concerned.

A little-known clause called “Death & Disgrace” was once a common feature of film insurance policies. This generally included protection for up to a year from the completion of filming in case of death or disgrace. But it is now uncommon for such a clause to be built into standard film insurance policies; this coverage would likely have to be purchased separately.

Under the old studio system (roughly, between the 1920s and ‘60s), film financiers were in control — their stars’ transgressions were therefore easier to cover up and their contracts easier to tear up.

Disgrace insurance arose in the 1980s alongside the popularity of the “celebrity endorsement”, which financially protects a celebrity’s employer in case he or she gets caught up in a scandal. Companies needed a way to shield themselves from financial losses should a star commit a crime or otherwise taint the reputation in which the brand had invested.

A subsidiary of insurance giant AIG began offering disgrace insurance in 1994, describing it as an extension of the entertainment insurance coverage the company had long been writing – mainly insuring bands performing at their concerts.

Examples of Disgrace Events

via GIPHY

  • 2019 college admissions bribery scandal: actress Felicity Huffman, among others, are in hot water after paying William Rick Singer, organizer of this scheme, to fraudulently inflate entrance exam test scores and bribe college officials to get their children into prestigious colleges. This scandal has negatively impacted Huffman’s film Otherhood.
  • Kevin Spacey’s erasure: due to the sexual assault allegations against Spacey, it was announced on November 8, 2017 that all of his footage from All the Money in the World would be excised, and that Christopher Plummer would replace him. The reshoots ended up costing $10 million.
  • #MeToo— Miramax’s implosion: in October 2017, more than a dozen women accused film producer Harvey Weinstein of sexually harassing, assaulting and/or raping them. These allegations had a negative brand impact on Weinstein’s company, Miramax, LLC, which as of August 2019 is in the bidding process to be sold to another company.
  • Ghomeshi's dismissal from Q: Jian Ghomeshi was fired from the CBC in October 2014, amidst mounting allegations from women that he had sexually assaulted them. The CBC had to scramble to find a new host of Q and auditioned many potential replacements over a number of months. The costs associated with this would be covered under a disgrace insurance policy.

Benefits of Disgrace Insurance

A well-placed disgrace insurance policy can:

  1. Cover the cost of reshoots: if the situation with a disgraced celebrity is deemed bad enough to warrant a full reshoot with a new actor, disgrace insurance would cover a significant portion of this reshoot cost.
  2. Protect a company’s investment revenue: companies often have millions tied up in endorsements or investments, so when the proverbial “hits the fan,” financiers stand to lose big time. Bad PR for the company brand = less investment from financiers.
  3. Protect a company’s brand: companies have all seen the negative effects that a disgraced celebrity can have on their revenue, but to recover and rebuild brand awareness could take many years. Disgrace insurance can cushion this blow.
  4. Protect a company’s marketing spend: disgrace insurance can help a company recover wasted expenditure on advertising and airtime costs in the event that a contracted celebrity falls from grace or dies. Netflix, for example, took a $39 million loss on deciding not to move forward with House of Cards and Gore after the aforementioned Spacey scandal, after marketing had been invested in both.

How to Buy Disgrace Insurance

We’re working on offering a disgrace insurance policy at Front Row in the near future. Please contact us if you’d like more information.

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SPOTTEDRISK DISGRACE INSURANCE

 

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Topics: disgrace insurance