Keep Your Film?s Costs Down with Low Budget Production Insurance

Posted by neeis inc on April 20th, 2017

Making a film or even a short video takes a lot of effort as many processes are involved in it. Also, different props and instruments are needed to shoot various segments of the film. In addition to this, a lot of movement involving the actors, production crew and equipment happens from one location to another. If there is a breakdown of the film gear or the film schedule is canceled due to any reason, it means loss of money for the producers as well as other people who have invested money in the film. Different types of film production insurances can be of much help in such scenarios. They cut down on the monetary risks that may arise during the shooting of a film.

As mentioned above, film production insurances are divided into several categories such as general liability insurance, equipment rental insurance or production package liability, workers’ compensation insurance and errors & omissions liability. Of these, general liability insurance is the most common one and is needed by every producer. It covers the bodily injuries and property damage during a shoot. Most of the location providers ask for a general liability insurance certificate before the film shooting can start. Equipment rental insurance allows the producers to rent equipment and vehicles required during the film’s shoot. Workers’ compensation insurance is mandatory as it is required according to state laws and covers all temporary and permanent cast and crew. It gives them cover for medical issues, disability and death that can happen during the shooting of a film. And mostly, it is a one day production insurance when members are on outdoor locations. The errors & omissions insurance is usually required when the film is completed.  

Most of the films are made on a low and tight budget that cannot afford to take monetary hits during their shooting. And mostly, these are short films that should be completed within a fixed deadline otherwise, their costs would soar. Production houses making such films usually don’t take all kinds of insurance policies. For such filmmakers, short term production insurance is available that covers only selected and desired costs for a limited period of time.

So, if you are looking for low budget production insurance that can cover short term production insurance costs, you can get in touch with an agency providing film production insurance. Most of them are available through their websites that you can easily find on the internet.

Author’s Bio: The writer is a blogger. This article is about film production insurances.