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Posted by on May 23, 2016 in Finance |

Learn About film Insurance And Why It Is Important

 

Why is it that every time you will look for tips about finding a professional company, one of the first things that will be advised for you to do is to check if that company is insured? How important is it to be insured? Well, if you give this a deep thought, being insured is like having a second chance. That is right, it is like investing on a second chance so that if things will not happen as expected and when it happens you don’t have the means to correct it, there is an insurance agency that can help you correct it. Besides, the amount of money that is used to invest I insurances, whatever types they maybe, is usually lesser that the actual amount you will spend if you will indeed get into a mess that requires an insurance agency to take over.

It is the same story with film production companies. In fact, the more expensive you are dealing with, the more that you need insurance for it. We all know how lucrative a film making business is thus you can expect that mistakes in this business are also expensive. This is why, if you are the owner of a film outfit, you should make sure that in every production you will have, it is equipped with corresponding appropriate film insurance. To know more about film insurance, here are some pointers:

  • There are three types of film insurances and these are the general liability insurance which really mean as what it is called, then there is also the video equipment insurance which of course covers all the equipment that will be used in making the film and the last is the errors and omissions insurance which deals about lawsuits you might be possibly incurred while making the film.
  • You can apply for a film insurance for almost everything like short film insurance, feature films, branded content, music promos, corporate videos, even still photo shoots and still many others. To know about all of them, you can contact a film insurance company and have a talk with one of their representatives. For sure they will be too glad to walk you through their offered services. At the same time, you can also ask about the cost though you should expect that they are quite expensive since again, you are in a lucrative business.
  • When you are about to make a film, that is when you will talk to a film insurance agency and they will be the one to advise you of the most appropriate type of insurance that you should apply for. You can be sure that they know best since this is their trade.

Some might risk not getting any form of film insurance and you can do the same. However, note that in the beginning, this is imposed by most of the states thus you will be lucky

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