Safeguard Your Film Production Business With Empire Insurance Customer Services
Posted by neeis inc on March 22nd, 2017
When you put your hard-earned money in your business which is your livelihood, you must also think of common risks that are most likely to arise. Because sometimes, even the areas you hardly pay any attention to can incur great losses due to your ignorance. Financial insurance is always a blessing in disguise for your products and assets and protects them against the risk of damage during regular business operations. Film making and TV production is one such business field where most of the new or inexperienced filmmakers and producers can’t foresee the risk of casualties and potential losses when their luck runs out.
Production insurance and its various types are still to be fully utilized by many filmmakers, who could saved huge costs if they had known about it beforehand. While many of producers haven’t even heard of production insurance, established financial institutions offer insurance covers for almost each aspect in the business. First, you need to understand the vitality of production insurance whether you make films for hobby or commercial purposes. There are two basic types of risks that also categorize the insurance type you would require to purchase.
Damage risk: Damage of your video equipment and other tools involved in the production is the most common risk you must evaluate beforehand and plan necessary precaution for it. Risk of damage covers harm of any product or equipment you invest your money in, including the rentals also.
Liability risk: This type of insurance covers the physical injuries of individuals including cast and crew working directly for your production company whether paid or unpaid.
Both the above-mentioned terms are much broader in their sense and cover many indirect aspects as well. Assets and equipment like negatives, film rolls, technical equipment, musical instruments and rental tools are also included under damage risk. It might also include other objects used in products for short term or throughout the production. In liability risks, physical injuries of public is also covered wherein non-production individuals claim to suffer from physical injury or damage of property.
You can seek consultation from future risk insurance brokers to have a detailed understanding about insurance covers that will suit your project the best. You can also search for online insurance companies to purchase different types of production insurance packages. Among many other renowned services, Empire insurance customer service is known to offer unparalleled services and products.
Author’s Bio: The author is a web blogger. The above article is about production insurance and various services regarding future risk insurance brokers.
