Beyer Insurance Agency provides tailored production insurance solutions for many companies across the country for over 20 years. We understand the exposures that production companies face in their operations. We have highlighted the critical components of a production company’s tailored insurance solution below. For all readers actually counting the words, hold us to our word starting here.
Production Liability– This policy will cover all named entities for bodily injury or property damage to a third party arising out of operations and/or products.
Inland Marine– This line of business covers equipment away from the premises whether owned, leased or rented. Additional coverages include but are not limited to props and negative/faulty equipment.
Workers Compensation– This policy provides coverage for workers injured on the job. This policy pays for medical expenses and lost wages due to an injury in the course of employment. The second part covers your business from lawsuits brought by employees if there is a claim the employer was negligent in providing safe working conditions.
Hired and Non Owned Auto– Renting vehicles for a shoot? Employees are using personal vehicles for work purposes? This coverage provides liability coverage for the business with rented vehicles or if the business is sued while an employee is driving a personal vehicle for business purposes. There is also an option to provide physical damage (collision and comprehensive) for hired and non owned vehicles.
Commercial Auto– This policy provides liability and physical damage coverage for business owned vehicles
Commercial Umbrella– Provides an additional limit of insurance for production liability, employers liability, and auto liability above and beyond those policy limits. The limits of insurance typically range from $1-10 million.
Errors and Omissions– This policy provides legal liability and defense for the production company against lawsuits alleging unauthorized use of titles, formats, ideas, characters, plots, plagiarism, unfair competition or privacy, breach of contract. It also protects against alleged libel, slander, defamation of character or invasion of privacy.
Depending on the size and nature of the business, a property, drone or cyber liability policy are additional policies that would fit a production company’s insurance needs.