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Insurance is necessary
on all productions to protect a company financially if something
does go wrong. Many production companies get insurance through a
Broker who knows the ins and outs of special areas of insurance.
It would be too expensive to insure every single
area of a production, so most companies take out insurance to cover
high risk areas so they are covered if there are any mishaps, and
areas that could affect the actual production.
Insurance is generally taken out for cast and
production personnel and for extra expenses. Cast and production
personnel insurance indemnifies a company against extra costs caused
by sickness, accident or death of key production members who if
not there, could seriously affect the progress of the production.
Extra expense insurance covers the company against
costs incurred by damage to props, equipment etc.
Employer's Liability insurance, which complies
with the Employer's Liability Act 1969, covers the legal liability
of the company for accidents causing death or serious injury arising
from employment on the production.
Public liability insurance covers the company
against claims by third parties for death, injury or damage to property.
Motor insurance should always be taken out on
productions and overseas insurance should be acquired when shooting
on location outside the UK.
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