Entertainment Insurance - What You Need To Know

1. Entertainment Insurance Coverage for Film Production Firms, Performers, and More 

2. Risks you may face while working in entertainment industry • Entertainment businesses, especially in film production, are prone to uncountable risks and exposures.  • Exposures often include lawsuits against cases of: • copyright infringement • staff injuries • other third-party claims.  • The severity of risks also comes from the use of wide range of equipment on and off set. 

3. Who needs entertainment insurance? Entertainment insurance covers professions and establishments such as:   • Film producers and directors  • Rental businesses for equipment (camera, props, sound, wardrobe, and others)  • Entertainment halls like theaters and concert venues  • Post-production agencies for audio, film, and video  • Entertainers and performers like musicians, comedians, magicians, and clowns  • Videographers and photographers 

4. What are the insurance needs for the entertainment industry? • The insurance needs of the entertainment industry vary with individual businesses.  • We will walk you through policies that you need in order to cover your entertainment business.

5. Commercial General Liability Insurance • General liability insurance covers you and your entertainment business from liability claims that include: • Third-party property damage • Third-party bodily injury • If you're a production company, shooting locations usually require you to obtain a certain amount of general liability insurance before signing any papers.

6. Commercial Property Insurance • Commercial property insurance will cover for your commercial property that you use in your practice, including buildings, equipment and other assets. • It protects your property from perils such as fire, theft, and natural disaster. 

7. Business Owners Policy (BOP) • Business Owners Policy offer coverages that combine protection from all major property and liability risks in one package • The coverage usually is an integration of • General liability insurance • Commercial property insurance.

8. Workers Compensation Policy • A workers compensation insurance policy protects employees from workplace accidents and injuries, and the business from financial damage caused by the mishaps.  • The policy covers for medical treatment, disability, loss of wages, rehabilitation and death benefits for workers who are injured or killed while on the job.

9. Commercial Auto Insurance • Commercial auto insurance covers your business from claims resulting from property loss or injury from your commercial vehicle accidents.

10. Media Liability Insurance • Media liability insurance is tailored to cover entertainment businesses from lawsuits based on the end-product/service provided. • Most common claims include:  • Copyright violations  • Plagiarism  • Privacy invasion  • Defamation  • Unauthorized use of trademark and materials  • Breach of contract, license agreement or product placement agreement  • Libel and Slander 

11. Cyber Liability Insurance • Companies store a lot of sensitive data of their clients and employees, which are prone to unauthorized data.  • Cyber liability insurance covers for financial losses resulting from data breaches and other cyber-attacks.  • It protects businesses with the expenses for restoring lost data, ransom demands, and other financial damage caused by cyberattacks. 

12. Entertainers and Performers Insurance  • Employer's coverage does not cover independent entertainers They have to purchase an entertainers insurance policy to protect themselves from financial losses.  • It is a type of E&O coverage that offers liability protection for independent performs for claims that arise from their operations.  

13. Video and Film Production Insurance  • Video and film production insurance is a package designed to protect potential losses arising from filming and liabilities related to it. • This policy covers:  • Damage to camera and equipment  • Costs for re-shoots in case of damage  • Vehicles  • Props and wardrobe  • Liability on different locations and more. 

14. What other add-ons could you consider? There are some additional policies you can look into if you work in the entertainment industry. These include: • Directors and Officers Insurance (D&O) • Commercial Umbrella Insurance • Inland Marine Insurance • Ocean Marine Insurance

15. Directors and Officers Liability Insurance   • Small to medium-sized production companies  can face several liability issues for directors and officers level staff. • Directors and officers insurance offers financial protection to directors and officers in the event of a lawsuit for their performance and duties to the company. • D&O insurance policy can usually include  • employment practices liability  • fiduciary liability insurance

16. Commercial Umbrella Insurance • Commercial umbrella insurance adds extra layer of coverage to your auto liability, general liability, or other coverages in case their limits are not sufficient to pay for damages. • You need to have other policies to secure an umbrella insurance coverage for your business.

17. Inland Marine Insurance • Inland marine insurance assures protection towards these assets while they are on land transit for business-related purposes.  • Inland marine insurance covers for: • expensive production equipment • Cameras • Gears • Stands • other sensitive equipment for filming purposes.

18. Ocean Marine Insurance Ocean marine insurance is a collection of policies designed to protect equipment, goods, materials, passengers, and crews during marine transport for domestic and abroad lands. 

19. What are some standard exclusions for entertainment insurance? Some of the standard exclusions for production insurance include:   • Stunts and pyrotechnics  • Aircraft insurance  • Using commercial drones for filming  • Filming underwater  • Entertainment acts involving with animals