insurance what is it for? how do I get it? how much does it cost? what is a claim?

insurance

what is it for? how do I get it?

how much does it cost? what is a claim?

what is it for?

Production insurance is probably one of the most important things a filmmaker needs to take into consideration before shooting the project. Why get insurance for your project? Essentially, there are three reasons:

Legal

Contractual Asset Protection

Legal

nearly every state requires that a production company/filmmaker carry some form of insurance.

A good example of this is workers’ compensation insurance. Workers’ compensation is a no-fault system that provides replacement income and covers the medical expenses of the cast and crew who are injured on the job.

contractual

The contractual reason is simple. If you are under contract with a television production company or record label, most likely you will need to account for insurance coverage as part of the contractual fulfillment.

asset protection

it covers you against damage and loss to assets like production equipment, or liability for people that work in the cast and crew.

types of policies

short-term, long-term and annual

Short-term policies are used for single production, such as a commercial.

A long-term policy is used for several projects during a longer period of time.

An annual policy is reserved for ongoing projects, such as documentaries, industrial, commercials and education (DICE). DICE policies typically last for one year.

When purchasing your insurance policies, it is once again important to remember that the amount of coverage you purchase is wholly dependent upon the type of project you’re working on.

basic insurance policy

ERRORS AND OMISSIONS -

This type of insurance protects against lawsuits alleging

unauthorized usage of titles, copyrighted materials, ideas, formats, characters, plots, plagiarism, unfair competition, defamation and invasion of privacy.

E&O insurance sometimes requires the counsel of an

entertainment lawyer who will review your script, clearances and releases.

basic insurance policy

GENERAL LIABILITY - It covers against damage to the filming location/space, and injury or harm to those present that are not working on the film.

basic insurance policy

HIRED NON-OWNED AUTO AND AUTO PHYSICAL DAMAGE - rented trucks, etc

WORKERS COMP - Workers’ compensation is a no-fault system that provides replacement income and covers the medical expenses of the cast and crew who are injured on the job.

PRODUCTION PACKAGE

CAST INSURANCE - ILLNESS, DEATH... ESSENTIAL ELEMENTS - who CARRIES The SHOW?

FAULTY STOCK, CAMERA AND processing - LOSS DUE TO THe GEAR, STOCK PRODUCER OR LAB PROCESSING

props, sets & wardrobe - LOSS AND DAMAGE third party property damage - PROPERTY OF OTHERS WHILE UNDER CONTROL OF THE PRODUCTION COMPANY

HOW TO GET

PRODUCTION insurance

they require script, schedule and budget track record of company and personnel location OF SHOOT

financing, distribution and bond company source cast

stunts travel

can cost anywhere from $500.00 to $150,000.00 and more...

claims

you make a claim when you file the paperwork telling the insurance company about the incident and asking for money to cover the loss

UCF Film Dept. Insurance

•$15 - 20,000 premium

•$2,500.00 – 3,000.00 deductible •Equipment

•Third Party Property •Props, Sets and Wardrobe •Auto

•Workers Compensation •Liability

•UCF EQUIPMENT AND RENTED EQUIPMENT: If you damage or lose any of our gear or something you have rented from an outside company while in your possession, the deductible is $3,000.00.

•This is the amount you pay towards replacing or repairing the item.

•THIRD PARTY PROPERTY DAMAGE: For example: if you are filming in the home of a neighbor and you cause damage to their home or contents, our policy covers this type of loss, with a deductible of $2,500.00.

•PROPS, SETS AND WARDROBE: If you rent any of these items and lose or damage them while in your possession, our policy covers this type of loss, with a deductible of $250.00.

•There is a limit of $500.00 towards replacement/repair value in this category.

• HIRED NON-OWNED AUTOS: It is best to pay for all the insurance

they offer, since it usually has a zero deductible for any damage you may do to the truck while in your possession. As always, all personal vehicle insurance is the responsibility of the owner, not the Film Department.

• ALWAYS SIGN THE PAPERWORK WITH UCF FILM

ALWAYS SIGN THE TRUCK/CAR

RENTAL PAPERWORK WITH UCF

FILM DEPARTMENT AND YOUR

NAME - IN THAT ORDER!

• WORKERS COMPENSATION: • We carry the minimum policy for

workers compensation.

• The sole purpose of doing this is to

allow Screen Actors Guild members to work on student films. They are the only individuals covered by this policy.

• This means that everyone else involved

with your production, including you, is responsible for their own bills in the event of an injury sustained while on the set or in the service of our student film projects.

How to get a cert

• Go to http://lisacamille.googlepages.com/home

• Click on Production Forms and download a copy of Cert

Req Form

• Fill out all information and e-mail to Lisa Cook - keep the

original

• I will provide you with a certificate via email.

• It is your job to get copies of that cert to the appropriate

parties

• ALLOW AS MUCH TIME AS POSSIBLE

• ALWAYS SIGN THE PAPERWORK WITH UCF FILM

How to file a claim

•Come talk to me...bring detailed notes of all the

events surrounding the claim.

•I will work with the insurance agent to resolve

Example 1:

•Billy unloads the U Haul and places the sound gear on the ground behind the van. He gets distracted and Suzy gets into the van to park it and backs over the boom pole, destroying it. The boom pole costs $250.00 to replace. What happens?

Example 1:

•

Billy unloads the U Haul and places the sound

gear on the ground behind the van. He gets

distracted and Suzy gets into the van to park it

and backs over the boom pole, destroying it. The

boom pole costs $250.00 to replace. What happens?

Example 2:

•

Suzy drives her car to the set. She has a minor

fender-bender on the way there. What happens

next?

Example 2:

•Suzy drives her car to the set. She has a minor fender-bender on the way there. What happens next?

•Her car is not covered since it is not rented to UCF.

Example 3:

•

A crew

member,visitor

or non-union

actor slips and

falls on the set.

What happens

next?

Example 3:

•

A crew member,visitor or non-union actor

slips and falls on the set. What happens

next?

•

No medical coverage, only liability if UCF

is negligent

Example 4:

•

A SAG actor

working under a

student SAG

agreement breaks

her arm during a

shot - what happens

next?

Example 4:

•

A SAG actor working under a student

SAG agreement breaks her arm during a

shot - what happens next?

•

SAG requires workmen's comp, so medical

would be paid for.

Example 6:

•

Billy forgets to put

stops at the end of the

dolly track they have

set up on a dock, and

the camera and dolly

go right off the end

of the track into the

lake - what happens

next?

Example 6:

•

Billy forgets to put stops at the end of the

dolly track they have set up on a dock, and

the camera and dolly go right off the end

of the track into the lake - what happens

next?

Example 7:

•

Billy used short ends for his film and finds

out that one of the rolls was flashed and NG

- what happens next?

Example 7:

•

Billy used short ends for his film and

finds out that one of the rolls was flashed

and NG - what happens next?

Example 8:

•

Billy’s friend Joe

lends Billy a

fake rifle that

belonged to his

great

grandfather - it

disappears off

the set one night

- what happens

next?

Example 8:

•

Billy’s friend Joe lends Billy a fake rifle

that belonged to his great grandfather - it

disappears off the set one night - what

happens next?

•

$250 deductible for props, sets and

wardrobe

Example 9:

•

While filming in a private residence, one

of the lights gets too hot, burns a gel and

scorches the wall that will have to be

re-painted - what happens?

Example 9:

•

While filming in a private residence, one

of the lights gets too hot, burns a gel and

scorches the wall that will have to be

re-painted - what happens?