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Some final thoughts We've laid a large amount of emphasis on film productions, but these are not the only kinds of entertainment projects that need insuring. Though there are certainly a number of similarities between the different times of media and live productions, you should be mindful of the particular risks and coverage needs of a given production. For example, perhaps a live project that travels around the world to perform might need to address issues of jurisdiction in a way that a film shot on a studio lot does not. But no matter what type of entertainment production it is, you can be certain that there are risks involved that would do well to be covered by insurance. Take the shooting of a Don Quixote film in Spain a few years ago. At the time, it was the biggest budget European film in history. A few days into production, flash floods swept through their shooting locale and washed away the production equipment. Was the production insured? Yes, but not with the correct coverage. The production was brought to an abrupt halt. |
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Not only are policy forms, clauses, rules and court decisions constantly changing, but forms vary from company to company and state to state. This material is intended as a general guideline and might not apply to a specific situation. The authors, LunchTimeCE, Inc., CEfreedom, and Insurance Skills Center, and any organization for whom this course is administered will have neither liability nor responsibility to any person or entity with respect to any loss or damage alleged to be caused directly or indirectly as a result of information contained in this course.
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