If you were to invest a substantial amount of money in producing a feature film, you would want to protect that investment. You can protect your investment from an unforeseen event that causes a loss with the Production Insurance Package Policy. For example if the negative is damaged or destroyed resulting in the complete loss of your investment, a Production Insurance Package policy would pay for your loss. The Production Insurance Package policy is designed to protect your investment in a feature film, television series, television pilot or television special. The Production Insurance Package policy can also protect the producer of documentaries, industrial films, commercials or educational films (DICE producers) from similar losses.

Premiums for a Production Insurance Package policy for a feature film will vary between 1 to 2 1/2 % of the total budget cost, depending upon location site, length of shooting time and any special hazards or stunts.

Click on the headings below to see the types of coverages that are available in the Production Insurance Package.

Reimburses the production company for any extra expense necessary to complete principal photography of an insured production due to the death, injury or sickness of any insured performer or director. Insured performer or director must take a physical examination prior to being covered by this insurance. Physical examination cost to be paid by the production company. Coverage usually begins two to four weeks prior to the beginning of principal photography.

Covers against risks of direct physical loss, damage or destruction of:

• Raw film or tape stock
• Exposed film (developed or undeveloped)
• Videotape
• Software and related materials used to generate computer images
• Sound tracks and tapes

used in connection with a production, up to the amount of the insured production cost.

COVERAGE DOES NOT INCLUDE loss caused by fogging, faulty camera or sound equipment, faulty developing, editing, processing or manipulation by the cameraman; exposure to light, dampness or temperature changes; or errors in judgment in exposure, lighting or sound recording, or from the use of incorrect type of raw stock or tape.

Covers loss, damage or destruction of:

• Raw film stock or video tape
• Exposed film (developed or undeveloped)
• Recorded Videotapes
• Sound Tracks and tapes

caused by or resulting from fogging or the use of faulty materials (including cameras and videotape recorders); faulty sound equipment; faulty developing; faulty editing or faulty processing; and accidental erasure of videotape recordings.

COVERAGE DOES NOT INCLUDE loss caused by - errors of judgment in exposure, lighting or sound recording, from use of incorrect raw stock, or faulty manipulation by the cameraman.

This coverage can only be purchased with Negative Film and Video Tape coverage

Provides coverage on props, sets, scenery, costumes, wardrobe and similar theatrical property against risks of direct physical loss, damage or destruction occuring during the production.

Pays for damage or destruction of property of others (including loss of use of the property) while the property is in the care, custody or control of the production company and is used or to be used in an insured production.

COVERAGE DOES NOT APPLY TO destruction of property caused by operation of any motor vehicle, aircraft or watercraft, including damage to the foregoing; liability for damage to any property rented or leased that may be covered under Props, Sets and Wardrobe, or Miscellaneous Equipment coverage.

THIS COVERAGE IS NOT PROVIDED by a General Liability Policy. Property damage coverage written as part of a Commercial General Liability Policy excludes damage to any property in the production company's care, custody or control.

Provides coverage for non-owned and hired automobiles, trucks and trailers under tow against direct physical loss, damage or destruction while the vehicles are being used in a covered production, including loss of use of the vehicle.

Provides coverage on rented or owned camera, camera equipment, sound and lighting equipment, post production and editing equipment, portable electric equipment and generators, mechanical effects equipment, grip equipment, mobile dressing rooms and honey wagon trailer units and similar miscellaneous equipment against all risk of direct physical loss, damage or destruction occuring during a covered production, including loss of use to a rental company.

Provides reimbursement to the production company for any extra expense incurred to complete principal photography of a covered production due to loss of, damage to or destruction of property or facilities contracted by the production company for use in a covered production.

Provides reimbursement to the production company for the declared value of the insured animal due to death and illness or disease resulting in the death of the animal.

Provides coverage for the production company's office, its furniture, fixtures, equipment and supplies against all risk of direct physical loss, damage or destruction while property is on the scheduled premises or at other locations used during the production and while in transit between the two.

Office contents coverage is usually needed to cover the temporary production offices set up for feature films. It would also cover the permanent office location of a DICE producer if there was no coverage under a property policy.

This coverage would reimburse the production company for any extra expense incurred as a result of the prohibition of access by a civil authority to your office, shooting location, or a facility contracted by the production company. For example, if a crime occurs at or near your filming location, and the police restrict your access to the location, this coverage would reimburse you for any additional expense that results from the delay.