Why do you need insurance when making a film?

Movies are the accumulation of an incredible amount of hard work, and the incredible detail that makes it possible to capture magic on screen requires the input of many different professionals.

Suffice it to say that there are many processes that can (and do) go wrong, so it is important to secure yourself financially.

Whether you’re working on a microbudget feature, a three-minute short film, or the next blockbuster, getting the right insurance should be a top priority.

Without it, you may endanger your art. Here are some points to help point you in the right direction.

Consideration of disasters on the set

Building sets is hard work at the best of times, but when you need to create moving structures and incorporate highly technical parts into the mix, complications can arise.

If one of your set builders is injured, you may face an expensive lawsuit that can be difficult to combat without the right insurance.

For example, suppose you were directly responsible for building the electronics for a movie set – finding the right electrician insurance can help you pay potential medical bills if someone is injured at any point in the procedure.

If you lose your job or film production is stopped due to an injury, your insurance can potentially help towards your financial obligations while you have downtime.

Protect your investments

Making a movie isn’t cheap, and even if you try to make one on a budget, you will still have to invest a lot of time and money in the process.

It makes perfect sense to want to protect your investments and getting insurance is ideal for this.

By including insurance costs in your initial budget, you should be able to avoid spending too much money or missing out on important insurance coverage.

Take care of your equipment

Film equipment can be exceptionally expensive, with some of the more advanced modern cameras costing hundreds of thousands of dollars.

Even if you aren’t using the most expensive cameras in the world, the equipment isn’t cheap and if you break it it can hinder the progress of the film as a whole or even break the bank.

In order to be ready for action again as quickly as possible in the event of a device breakage or a malfunction, the right insurance is crucial.

Insurance comes in many different forms, as do films. So opt for a policy tailored to your personal needs.

For example, they could be:

  • Filming in a foreign country – Insurance rules and regulations may differ if you have to film abroad. So do some research before filming.
  • Use weapons – If you have to work with guns, you may need special insurance to be adequately covered.
  • Film dangerous stunts – In order to protect your stakeholders and yourself from liability claims, financial security is essential.

It may seem expensive to get coverage at this point, but if something goes wrong you will certainly not regret it.

James Daniels is a freelance writer, business enthusiast, bit of a tech geek, and general geek. He is also an avid reader who can spend hours reading and learning about the latest devices and technology while offering views and opinions on these topics.

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