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Insurance Benefits For Film And Media Productions In Europe – It’s the day before production and your team is finalizing every little detail. Your Director of Photography will pick up the camera package, Location will complete city permits, Transpo will receive your rental car, and you will drop it off. submit final data to SAG. Suddenly, everything is put on hold when the four are told they will need proof of insurance to continue.
If you don’t have insurance, you’re stuck and your picture is dead in the water until you can prove you have insurance to cover the rent, health and welfare of your crew, or it will be enough. Or maybe you have proof of insurance but your dealer has told you they need more insurance than you currently have. In any case, you should contact an insurance agent to protect your crew, the customer, and yourself.
Insurance Benefits For Film And Media Productions In Europe
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A Certificate of Insurance, or COI for short, is proof that you have insurance in case the worst happens. A list of your manufacturing insurance policies with the effective dates and limits of each policy.
Each COI is custom made, written for a “certificate holder” (your apartment, rental property, etc.) and has a field at the bottom where your owner can Be sure to list any special languages for your certificate.
In addition to insurance, each certificate of insurance includes the name and address of your company, the contact information and signature of your insurer, as well as the name and country number of the insurance company. to support your productivity.
COI proves that your production, no matter how big or small, has the backing of a licensed insurer as well as a major insurance company. ready to step in if something happens.
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You need a COI because your production insurance doesn’t just cover you, it can also cover other people and organizations involved in your production.
Some insurance policies are very specific in what they cover and who needs it. This is the case with many inland coasts, such as Rental Equipment (equipment rented from others) and Auto Physical Damage (damage to your rental car). If a camera breaks or your driver hits a fender, your manufacturer’s policy will protect you and the rental company, allowing them to repair or replace their property.
Because of this double protection, the rental company or car rental company will ensure that they have a certificate of insurance before allowing you to pick up the car. rental car.
This is the case for any of your liability policies – General Liability, Auto, Excess and Workers’ Compensation. These provide protection against your production being affected in other areas if the pizza boy breaks his arm while serving lunch to your crew, or medical bills’ i for another driver if the truck crashes, or they cover health and wellness. -be part of your crew during the dangerous situations of film production.
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These policies start in the millions of dollars and provide a lot of coverage for claims and other losses. For this reason, certificate holders are almost always required to have general liability and multiple liability.
In short, a certificate of insurance protects you and your certificate. This ensures that if you need to file a claim, you have the means to settle that claim in cooperation with the insurance company, protecting your manufacturing company from financial damage. It also promises certificate holders that in the event of a claim, they can rely on compensation for their losses.
Hopefully you won’t qualify of course; but if you do, COI will give you and your partners the assurance that your losses will be paid.
In addition to the contact information for your manufacturing company, insurer and insurance company, a typical manufacturing policy has five different specifications. There is also an important field at the bottom called “Work Details”.
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You can get all five frames, or you can get one or two depending on your production needs. You can learn more about each type of insurance in our basic guide to producing insurance, but here is a brief description of each:
General liability includes third parties involved in your photos as well as certain advertising agencies. This is the backbone of the manufacturing contract.
If you are renting equipment, you should be familiar with the marine section in the certificate of insurance.
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Marine Corps Inland covers damage, including rental equipment, physical damage to the vehicle, and damage by third parties (including damage to your rental). This is required by the rental machine and if not, it is highly recommended for your location and rental car.
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Auto liability covers property damage, medical expenses and some legal insurance if an accident occurs with one of your rental cars. It also offers some “non-owner” insurance for employees who drive their own vehicles to production.
If someone has a compensation question on set, direct them to this section of your COI.
Workers’ compensation liability covers your employees in the event of an injury or illness. This is required in most states. Most Workers Comp policies cover unpaid volunteers, but when they don’t, insurance companies offer similar coverage called Volunteer Accident.
Additional liabilities simply add additional debt on top of what you already have. It goes up into the millions.
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Insurers often use this section of the Certificate of Insurance to add important information about your insurance.
If you meet all certificate holder security requirements, additional mandatory language may be required in the Operational Information section.
Sometimes the certificate holder needs more information about their listing company than can fit in the small “certificate holder” box on the have their names and addresses. For example, the San Francisco Film Commission requires the statement of operations to state “The City and County of San Francisco, its officers, agents and employees” to define the various entities within the city and district. is listed in the IOC.
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Other times, your broker may list additional information that doesn’t fit elsewhere on your COI, such as deductible amounts or insurance coverage such as deductibles.
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Most policyholders need specific language in the COI to show how the policy covers them in the event of a claim. These things are very important and the problem deserves its own section.
These phrases, if necessary, are some of the most important parts of your certificate of insurance. They show how your policy applies to certificate holders. These clauses are so important that the certificate holder often rejects the COI if it is not written exactly as required.
This is in line with your general responsibility. Include your certificate under your policy if they are charged for your actions.
This corresponds to the Inland Marines coverage. An inventory of equipment and buildings is often required because it means that if there is any damage to the property in your care, you can be reimbursed by the insurance company.
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This is an additional level of coverage for general, auto and workers compensation policies. This means that if your production is sued, the claim must stop at your production law and cannot reach the village, apartment or anything else. Another form is “primary and non-contributory insurance”. If you see it listed in the policy terms, you need a Waiver of Subrogation.
Some certificate holders require an additional level of coverage called supplemental insurance. This is a separate document that is usually sent with your COI. This form officially adds the certificate holder to your policy and submits it to the insurance company. Your insurer can easily help you with this.
Most manufacturing policies have add-ons, which means your manufacturing company can get as many add-ons as needed. If you see some strange words and want to know what they mean, ask your insurance provider!
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There are few things more frustrating than having your camera package locked up because you don’t have all the protection a rental home needs.
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The easiest way to avoid this is to send your insurer everything you need to be satisfied. It’s usually available on your rental company’s or municipality’s website, and if it’s not available online, they’ll likely have a document that lists all the powers. school. Once you submit your requests to your dealer, your dealer can tailor the policy to your exact needs to avoid any inconvenience. procrastination.
Send any insurance needs to your broker and they will work with the insurance company to “verify” your policy. Your dealer will provide information on what is required to meet the insurance requirements, and if you approve the purchase, it will Your dealer will cover your premium and increase your coverage to the required limits. Then they did
