Film Producers: Protect Your Production Company in 5 Minutes with Online Office Insurance!

Oct 19, 2020 7:03:50 AM / by Grant Patten posted in Office Contents Insurance

0 Comments

Film Producers: PROTECT Your Production Company with Office InsuranceSource: Royalty-free stock photo ID: 1753358087, Shutterstock

Front Row's workplace insurance policy.

Being 100% online confers many benefits, including:

  • Time savings: quote and buy office insurance in just ~5 minutes on your phone, tablet or laptop.
  • Dollar savings: no underwriter means the cost to provide a policy for your office is more cost efficient, allowing us to pass the savings onto you in the form of a less expensive policy.
  • No need to discuss, print, sign, scan or fax anything.
  • More environmentally friendly (paperless).

What is business insurance, exactly?

Business insurance (or office insurance / workplace insurance) allows you to know that your business is protected if you ever suffer a covered loss. As a film producer with an office, you are at risk. During development – when you are not covered by a production policy, an office policy is necessary. The cost to transfer the risk to insurance is low compared to the expense of an actual office theft, fire, or client slip & fall. Let's look at some examples of film production company accidents:

Film production company robbery (2019)

A documentary film production company was robbed in 2019. Thieves drilled a hole in an office door to break in and steal seven computers, multiple hard drives, high-end headphones, a DVD player and other production equipment. The hard drives contained years’ worth of priceless footage.

Under Front Row's workplace insurance policy, all office equipment would have full replacement cost coverage – up to the policy limit – for theft, damage, fire.

Crime coverage can be added onto any office insurance policy. This coverage extends to crime losses that are not insured under the basic office policy. Briefly described, commercial crime insurance covers:  money, securities and other property against a variety of criminal acts, such as employee theft, robbery, forgery, and computer fraud. 

Film production company fire 🔥 (2005)

In 2005, a film production company’s office was destroyed in a fire. Staff managed to salvage some records and equipment from the rubble.

Under Front Row's workplace insurance policy, office records would have data recovery funds and valuable papers protection available to recreate the lost information. Valuable Papers coverage provides for the cost to reproduce documents and records including film, tape, disc or other magnetic recordings.

Vancouver film production co. fire 🔥 (2000)

In 2000, a three-alarm blaze destroyed the production offices leased by a Vancouver-based film production company. The fire consumed their corporate offices.

Under Front Row's workplace insurance policy, all office equipment would have full replacement cost coverage for: theft, damage, fire.

Tenants Legal Liability (TLL) covers you (the insured) for legal liability in cases where the tenant causes damage to the rented property. If you rent a portion of an office in a building and you have a fire, then your TLL will cover the damages to the area you occupy.

How can workplace insurance/office insurance help film producers?

PROTECT your production company in the case of a lawsuit: Commercial General Liability coverage is designed to protect against sums that you may become obligated to pay for bodily injury or property damage to third parties arising out of your business operations. It includes the cost of a lawyer to defend you.

PROTECT your data from hackers: If you’re a film producer, your livelihood is linked to your computer; you likely have footage, accounting and client personal information on it. If you suffer a hack, your insurance can help you manage the costs associated with the loss. Front Row's office insurance policy includes $10K to cover a hack, at no additional cost. If you'd like more cyber coverage than $10K, consider cyber liability insurance.

PROTECT your equipment: What if your laptop was stolen or damaged in some way? Under Front Row's office insurance policy, all your equipment has full replacement cost coverage for theft, damage, and fire.

PROTECT your production company by purchasing Business Insurance online! Obtain a fast online quote and buy a policy online in just ~5 minutes, 24/7:

BUY POLICY ONLINE

 

 

About: Front Row Insurance Brokers Inc. is an independent insurance broker that provides online workplace insurance for a very low cost, available to quote and buy online 24/7 in just a few minutes (with no minimum premium). Should a claim occur, Front Row works diligently with clients and insurers to expedite payment of claims. Front Row has offices in Vancouver, Toronto, Montreal and Halifax.

Citations:

https://en.wikipedia.org/wiki/Victory_Pictures_Corporation

https://www.abc.net.au/news/2005-05-01/staff-search-through-rubble-after-film-company-fire/1561268

https://www.berkeleyside.com/2019/08/02/burglars-steal-entire-inventory-of-west-berkeley-film-company

DISCLAIMER: Informational statements regarding insurance coverage are for general description purposes only. These statements do not amend, modify or supplement any insurance policy. Consult the actual policy or your broker for details regarding terms, conditions, coverage, exclusions, products, services and programs which may be available to you. Your eligibility for particular products and services is subject to the final determination of underwriting qualifications and acceptance by the insurance underwriting company providing such products or services. This website does not make any representations that coverage does or does not exist for any particular claim or loss, or type of claim or loss, under any policy. Whether coverage exists or does not exist for any particular claim or loss under any policy depends on the facts and circumstances involved in the claim or loss and all applicable policy wording.

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How Accountants Can PROTECT their Business with Office Insurance

Sep 10, 2020 7:08:12 AM / by Grant Patten posted in Office Contents Insurance

0 Comments

How Accountants Can PROTECT their Business with Office InsuranceSource: Royalty-free stock photo ID: 323336360, Shutterstock

Front Row's workplace insurance policy.

Being 100% online confers many benefits, including:

  • Time savings: quote and buy office insurance in just ~5 minutes on your phone, tablet or laptop.
  • Dollar savings: no underwriter means the cost to provide a policy for your office is more cost efficient, allowing us to pass the savings onto you in the form of a less expensive policy.
  • No need to discuss, print, sign, scan or fax anything.
  • More environmentally friendly (paperless).

What is workplace insurance, exactly?

Business insurance (or office insurance / workplace insurance) allows you to know that your business is protected if you ever suffer a covered loss. As an accountant with a leased office, you are at risk. The cost to transfer the risk to insurance is low compared to the expense of an actual theft, fire or other unfortunate incident.

Let's look at some examples of accounting-related business accidents...

Accounting office fire 🔥 (2020)

In 2020, the office of a government accounting firm caught fire, destroying two key departments and much of the interior of the building.

If a similar disaster occurred at a space leased by you — and you had office insurance — the insurance would potentially cover the office equipment at full replacement cost.

Also: Tenants Legal Liability (TLL) covers you (the insured) for legal liability in cases where the tenant causes damage to the rented property. If you rent a portion of an office in a building and you have a fire, then your TLL will cover the damages to the area you occupy.

 

Employee theft (2013)

The Atlantic reported in a story about workplace theft that a forensic accounting firm found when they surveyed workers in 2013, 52% admitted to stealing company property!

Crime coverage can be added onto any office insurance policy. This coverage extends to crime losses that are not insured under the basic office policy. Briefly described, commercial crime insurance covers money, securities and other property against a variety of criminal acts, such as employee theft, robbery, forgery, and computer fraud.

 

Montreal accounting firm fire 🔥(2010)

CTV reported in 2010 on a fire in Terrebonne, Montreal that completely destroyed an accounting firm. Its interior was entirely gutted by the inferno.

CTV never reported on the cause of the fire — but if, hypothetically, the fire had been caused by the leaseholder or one of their employees, and they had office insurance in place, then the insurance could potentially cover the damaged and destroyed office equipment at full replacement cost.

Tenants Legal Liability (TLL) covers you (the insured) for legal liability in cases where the tenant causes damage to the rented property.

 

How can workplace insurance/office insurance help accountants?

PROTECT your accounting business in the case of a lawsuit: Commercial General Liability coverage is designed to protect against all sums that you may become obligated to pay for bodily injury, property damage or personal injury to third parties arising out of your business operations. It includes the cost of a lawyer to defend you.

PROTECT your data from hackers: If you’re an accountant, your livelihood is linked to your computer. You likely also have accounting and client information on your computer. If you suffer a hack, your insurance can help you manage the costs associated with the loss. Front Row's office insurance policy includes $10K to cover a hack, at no additional cost. If you'd like more coverage than $10K, consider cyber liability insurance.

PROTECT your equipment: What if your laptop was stolen or damaged in some way? Unlike our competitors, under Front Row's office insurance policy, all your equipment has full replacement cost coverage for theft, damage, fire and loss of use.

PROTECT your accounting business by purchasing Business Insurance online! Obtain a fast online quote and buy a policy online in just ~5 minutes, 24/7:

GET A FREE QUOTE  IN 3 MINUTES

 


About
: Front Row Insurance Brokers Inc. is an independent insurance broker that provides online workplace insurance for a very low cost, available to quote and buy online 24/7 in just a few minutes (with no minimum premium). Should a claim occur, Front Row works diligently with clients and insurers to expedite payment of claims. Front Row has offices in Vancouver, Toronto, Montreal and Halifax.

Citations:

https://www.premiumtimesng.com/news/top-news/386721-updated-fire-guts-accountant-general-payment-processing-department.html

https://montreal.ctvnews.ca/fire-destroys-accounting-firm-1.532180

https://www.theatlantic.com/magazine/archive/2019/03/stealing-from-work-more-common/580429/

DISCLAIMER: Informational statements regarding insurance coverage are for general description purposes only. These statements do not amend, modify or supplement any insurance policy. Consult the actual policy or your broker for details regarding terms, conditions, coverage, exclusions, products, services and programs which may be available to you. Your eligibility for particular products and services is subject to the final determination of underwriting qualifications and acceptance by the insurance underwriting company providing such products or services. This website does not make any representations that coverage does or does not exist for any particular claim or loss, or type of claim or loss, under any policy. Whether coverage exists or does not exist for any particular claim or loss under any policy depends on the facts and circumstances involved in the claim or loss and all applicable policy wording.

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Online Office Insurance for the Modern Real Estate Agent.

Sep 2, 2020 7:49:13 AM / by Grant Patten posted in Office Contents Insurance

0 Comments

Real Estate Agents: PROTECT Your Business with Workplace InsuranceSource: Royalty-free stock photo ID: 402629167, Shutterstock

Front Row's workplace insurance policy.

Being 100% online confers many benefits, including:

  • Time savings: quote and buy office insurance in just ~5 minutes on your phone, tablet or laptop.
  • Dollar savings: no underwriter means the cost to provide a policy for your office is more cost efficient, allowing us to pass the savings onto you in the form of a less expensive policy.
  • No need to discuss, print, sign, scan or fax anything.
  • More environmentally friendly (paperless).

What is business insurance, exactly?

Business insurance (or office insurance / workplace insurance) allows you to know that your business is protected if you ever suffer a covered loss. As a real estate agent with an office, you are at risk. The cost to transfer the risk to insurance is low compared to the expense of an actual theft, fire, client slip & fall at your office or other unfortunate incident.

Let's look at some examples of real estate business accidents and unfortunate events:

Real estate agency fire 🔥 (2019)

In 2019, a fire destroyed the office of a commercial real estate firm.

Under Front Row's workplace insurance policy, all office equipment would have full replacement cost coverage for theft, damage, fire and loss of use.

Tenants Legal Liability (TLL) covers you (the insured) for legal liability in cases where the tenant causes damage to the rented property. If you rent a portion of an office in a building and you have a fire, then your TLL will cover the damages to the area you occupy.

 

Real estate company employee theft (2013)

A major city's gazette reported in 2013 on an employee of a real estate company who had stolen more than $50K from the firm. This person was the sole employee responsible for handling & recording cash payments and depositing funds into the bank. She had been collecting these payments, but not depositing the full amounts into the company's bank accounts.

Crime coverage can be added onto any office insurance policy. This coverage extends to crime losses that are not insured under the basic office policy. Briefly described, commercial crime insurance covers money, securities and other property against a variety of criminal acts, such as employee theft, robbery, forgery, and computer fraud.

 

Real estate agency fire 🔥 (1990)

In 1990, another fire completely destroyed the office of a real estate agency, along with several other offices. At the heart of a real estate business is its records, and the fire destroyed 30% of the firm's records and the remainder sustained smoke & water damage.

Under Front Row's workplace insurance policy, all office records would have data recovery funds available to recreate the lost information.

 

How can workplace insurance/office insurance help real estate agents?

PROTECT your real estate business in the case of a lawsuit: Commercial General Liability coverage is designed to protect against all sums that you may become obligated to pay for bodily injury, property damage or personal injury to third parties arising out of your business operations. It includes the cost of a lawyer to defend you.

PROTECT your data from hackers: If you’re a real estate agent, your livelihood is linked to your computer; you likely have accounting and client personal information on it. If you suffer a hack, your insurance can help you manage the costs associated with the loss. Front Row's office insurance policy includes $10K to cover a hack, at no additional cost. If you'd like more coverage than $10K, consider cyber liability insurance.

PROTECT your equipment: What if your laptop was stolen or damaged in some way? Unlike our competitors, under Front Row's office insurance policy, all your equipment has full replacement cost coverage for theft, damage, fire and loss of use.

PROTECT your real estate business by purchasing Business Insurance online! Obtain a fast online quote and buy a policy online in just ~5 minutes, 24/7:

GET A FREE QUOTE  IN 3 MINUTES

 


About
: Front Row Insurance Brokers Inc. is an independent insurance broker that provides online workplace insurance for a very low cost, available to quote and buy online 24/7 in just a few minutes (with no minimum premium). Should a claim occur, Front Row works diligently with clients and insurers to expedite payment of claims. Front Row has offices in Vancouver, Toronto, Montreal and Halifax.

Related:

REAL ESTATE AGENTS: ONE MISTAKE COULD COST YOUR CLIENT THEIR LIFE SAVINGS.

Citations:

https://www.deseret.com/1991/1/11/18900460/real-estate-firm-kept-its-flame-lit-despite-fire

https://www.12newsnow.com/video/news/local/wednesday-night-fire-that-destroyed-commercial-real-estate-office-blamed-on-electrical-issue/502-71cdabcf-6411-498d-aa8a-973f0936be1b

https://www.post-gazette.com/local/city/2013/12/03/Former-employee-charged-with-stealing-from-Pittsburgh-real-estate-company/stories/201312030132

DISCLAIMER: Informational statements regarding insurance coverage are for general description purposes only. These statements do not amend, modify or supplement any insurance policy. Consult the actual policy or your broker for details regarding terms, conditions, coverage, exclusions, products, services and programs which may be available to you. Your eligibility for particular products and services is subject to the final determination of underwriting qualifications and acceptance by the insurance underwriting company providing such products or services. This website does not make any representations that coverage does or does not exist for any particular claim or loss, or type of claim or loss, under any policy. Whether coverage exists or does not exist for any particular claim or loss under any policy depends on the facts and circumstances involved in the claim or loss and all applicable policy wording.

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If you are an interior designer, yes, you need Workplace Insurance

Aug 6, 2020 9:34:03 AM / by Grant Patten posted in Office Contents Insurance

0 Comments

If you are an interior designer, yes, you need Business InsuranceSource: Royalty-free stock photo ID: 529462264, Shutterstock

What is business insurance?

Business insurance (or office insurance / workplace insurance) allows you to know that your business is protected if you ever suffer a covered loss. As an interior designer with a leased office, you are at risk. The cost of insurance is low compared to the expense of an actual theft, fire or other unfortunate incident.

Let's look at some examples of interior design-related business accidents...

Hurricane Sandy studio space flood (2012)

In 2012, Hurricane Sandy caused a flood that severely damaged a large artists' studio space in New York's West Village. Nine feet of water flooded the studio's basement, destroying a boiler, oil tank, pumps, electrical equipment and much artwork. Some artists lost a lifetime of work!

Interior designers often share studio space with other designers, including graphic designers and artists. If a similar disaster occurred at a space leased by an interior designer — and they had office insurance — the insurance could potentially cover the office equipment at full replacement cost and at least a significant portion of the destroyed art. Front Row's office insurance policy includes flood coverage for up to your full equipment values (expect for BC and Quebec).

 

Balthazar restaurant mirror fall (2015)

In 2015, a massive 250-pound mirror fell from a wall in New York restaurant Balthazar and hit many diners on its way down! Some diners had to be rushed to hospital.

Many interior designers lease office space. What if a mirror or another object fell from a wall in an office leased by a designer and struck a guest or employee, causing injury? It could happen.

The commercial general liability (CGL) included in Front Row's workplace insurance policy could potentially cover all sums that the insured becomes legally obligated to pay for bodily injury, property damage or personal injury to third parties arising out of the insured's business operations. It includes the cost of a lawyer.

 

Toronto shared studio space fire 🔥 (2018)

In Toronto's west end in 2018, a shared studio space went up in flames, destroying thousands of dollars worth of art! The fire caused extensive smoke damage to the building.

If a similar disaster occurred at a space leased by an interior designer — and they had office insurance — the insurance could potentially cover the office equipment at full replacement cost and at least a significant portion of the destroyed art. Front Row's office insurance policy includes $10,000 CAD of fine arts coverage at no additional cost.

 

Examples of interior design-related business accidents that will occur in the next 10 years:

  • 20% of interior designers will suffer a burglary or theft
  • 15% of design studios will suffer water and freezing damage
  • 15% will suffer wind and hail damage
  • 10% will have a fire that damages furniture, computers and records
  • 10% will have a customer slip and fall and sue for damages
  • 10% will suffer reputational harm due to an IT system being hacked and client data such as business plans, credit information and emails being released

 

How can business insurance/office insurance help interior designers?

Protect your interior design business in the case of a lawsuit: Commercial General Liability coverage is designed to protect against all sums that you may become obligated to pay for bodily injury, property damage or personal injury to third parties arising out of your business operations. It includes the cost of a lawyer to defend you.

Protect your data: If you’re an interior designer, your livelihood is linked to your computer. Not only is much of your design work stored on your computer, you may also have accounting and client information on there. If you suffer a hack, your insurance can help you manage the costs associated with the loss. Front Row's office insurance policy includes $10K to cover a hack, at no additional cost. If you'd like more coverage than $10K, consider cyber liability insurance.

Protect your equipment: What if your laptop was stolen or damaged in some way? Unlike our competitors, under Front Row's office insurance policy, all your equipment has full replacement cost coverage for theft, damage, fire and loss of use.

Protect your interior design business by purchasing Business Insurance online! Obtain a fast quote and buy a policy online in just ~5 minutes, 24/7. No minimum premium:

GET A FREE QUOTE  IN 3 MINUTES



About: Front Row Insurance Brokers Inc. is an independent insurance broker that provides workplace insurance for a very low cost. Should a claim occur, Front Row works diligently with clients and insurers to expedite payment of claims. Front Row has offices in Vancouver, Toronto, Montreal and Halifax.

Related:

INSURANCE FOR INTERIOR DESIGNERS | INTERIOR DESIGN STUDIO INSURANCE

Citations:

https://www.qpractice.com/interior-designers-liability/

https://www.cbc.ca/news/canada/toronto/walnut-studios-fire-1.4671870

https://valghent.com/nyc-westbeth-artists-housing-severley-damaged-by-hurricane-sandy/

DISCLAIMER: Informational statements regarding insurance coverage are for general description purposes only. These statements do not amend, modify or supplement any insurance policy. Consult the actual policy or your broker for details regarding terms, conditions, coverage, exclusions, products, services and programs which may be available to you. Your eligibility for particular products and services is subject to the final determination of underwriting qualifications and acceptance by the insurance underwriting company providing such products or services. This website does not make any representations that coverage does or does not exist for any particular claim or loss, or type of claim or loss, under any policy. Whether coverage exists or does not exist for any particular claim or loss under any policy depends on the facts and circumstances involved in the claim or loss and all applicable policy wording.

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Arts Organizations: PROTECT Your Business with Office Insurance

Jul 22, 2020 11:21:42 AM / by Grant Patten posted in Office Contents Insurance

0 Comments

Arts Organizations: PROTECT Your Business with Office Insurance

Source: Royalty-free stock photo ID: 250313509, Shutterstock

What is business insurance?

Business insurance (or office insurance / workplace insurance) allows you to know that your business is protected if you ever suffer a covered loss. As an arts organization or theatre company with an office, there is risk involved in operating your business. The cost to transfer this risk to insurance is low compared to the expense of an actual theft, fire, client slip & fall at your office or other unfortunate incident.

Let's look at some interesting examples of arts organization accidents/incidents...

Edmonton, AB theatre fire 🔥 (2015)

An historic Edmonton, AB theatre built in 1938 was completely destroyed by a fire in 2015. As of 2020, the cause of the fire remains unknown.

Under Front Row's workplace insurance policy, all office equipment would have full replacement cost coverage for theft, damage, fire and loss of use.

Tenants Legal Liability (TLL) covers you (the insured) for legal liability in cases where the tenant causes damage to the rented property. If you rent a portion of an office in a building and you have a fire, then your TLL will cover the damages to the area you occupy.

 

Canadian arts organization employee theft

A Canadian non-profit arts organization embarked on an exciting capital campaign to renovate their property. The project was funded by various levels of government, corporate and private donors. Working with minimal staff, this non-profit was unable to completely segregate project management duties and funds.

By chance, a staff member questioned an invoice paid to a company. It turned out to be a ‘dummy’ company set up by another employee (managing funds) to siphon money away from the non-profit. Forensic accounting disclosed that multiple payments had been made.

Crime coverage can be added onto any office insurance policy. This coverage extends to crime losses that are typically not insured under a basic office policy. Briefly described, commercial crime insurance covers money, securities and other property against a variety of criminal acts, such as employee theft, robbery, forgery, and computer fraud.

 

Canadian arts organization cyber hack

A large Canadian theatre serving several arts organizations experienced an unauthorized computer security breach, forcing a shutdown of their system. This prevented the purchase of tickets and the breach presented the risk of unauthorized access to the personally-identifiable information of buyers, employees and contracted performers & artists.

There were losses of revenue and costs associated with protecting their IT systems as well as managing the potential risk of the data being used to exploit the accessed information.

If you suffer a hack, your insurance can help you manage the costs associated with the loss. Front Row's office insurance policy includes $10K to cover a hack, at no additional cost. If you'd like more coverage than $10K, consider cyber liability insurance.

 

How can workplace insurance/office insurance help arts organizations?

PROTECT your arts organization in the case of a lawsuit: Commercial General Liability coverage is designed to protect against those sums that you may become obligated to pay for bodily injury, property damage or personal injury to third parties arising out of your business operations. It includes the cost of legal defense. Note: for more comprehensive legal coverage, consider Legal Expense Insurance.

PROTECT your data: If you’re an arts organization administrator or theatre company artistic director, your livelihood is linked to your computer; you likely have accounting and patron personal information on it.

PROTECT your equipment: What if your laptop was stolen or damaged in some way? Under Front Row's office insurance policy, your equipment has full replacement cost coverage for theft, damage, fire and loss of use.

PROTECT your arts organization by purchasing Business Insurance online! Obtain a fast online quote and buy a policy online in just ~5 minutes, 24/7:

GET A FREE QUOTE  IN 3 MINUTES

 

Citations:

Management Liability Webinar, Feb. 2020, presented by Steve Beatty to Theatre AB

https://www.cbc.ca/news/canada/edmonton/roxy-theatre-gutted-by-tough-old-fire-1.2898924

 

DISCLAIMER: Informational statements regarding insurance coverage are for general description purposes only. These statements do not amend, modify or supplement any insurance policy. Consult the actual policy or your broker for details regarding terms, conditions, coverage, exclusions, products, services and programs which may be available to you. Your eligibility for particular products and services is subject to the final determination of underwriting qualifications and acceptance by the insurance underwriting company providing such products or services. This website does not make any representations that coverage does or does not exist for any particular claim or loss, or type of claim or loss, under any policy. Whether coverage exists or does not exist for any particular claim or loss under any policy depends on the facts and circumstances involved in the claim or loss and all applicable policy wording.

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