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

Transcription

1 Insurance

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

3 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

4 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.

5 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.

6 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.

7 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.

8 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.

9 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.

10 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.

11 basic insurance policy HIRED NON-OWNED AUTO AND AUTO PHYSICAL DAMAGE - rented trucks, etc

12 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.

13 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

14 HOW TO GET PRODUCTION insurance get bids from insurance brokers they require script, schedule and budget track record of company and personnel location OF SHOOT financing, distribution and bond company source cast stunts travel

15 can cost anywhere from $ to $150, and more...

16 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 claims adjuster

17 UCF Production Insurance

18 UCF Film Dept. Insurance $15-20,000 premium $2, , deductible Equipment Third Party Property Props, Sets and Wardrobe Auto Workers Compensation Liability

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

20 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,

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

22 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 DEPARTMENT AND YOUR NAME.

23 ALWAYS SIGN THE TRUCK/CAR RENTAL PAPERWORK WITH UCF FILM DEPARTMENT AND YOUR NAME - IN THAT ORDER! 23

24 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.

25 How to get a cert Go to Click on Production Forms and download a copy of Cert Req Form Fill out all information and to Lisa Cook - keep the original I will provide you with a certificate via . 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 DEPARTMENT

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27 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 your claim.

28 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 $ to replace. What happens?

29 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 $ to replace. What happens? Suzy pays out of pocket

30 Example 2: Suzy drives her car to the set. She has a minor fender-bender on the way there. What happens next?

31 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.

32 Example 3: A crew member,visitor or non-union actor slips and falls on the set. What happens next?

33 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

34 Example 4: A SAG actor working under a student SAG agreement breaks her arm during a shot - what happens next?

35 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.

36 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?

37 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? $3000 deductible applies

38 Example 7: Billy used short ends for his film and finds out that one of the rolls was flashed and NG - what happens next?

39 Example 7: Billy used short ends for his film and finds out that one of the rolls was flashed and NG - what happens next? No faulty stock or negative insurance

40 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?

41 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

42 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 repainted - what happens?

43 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 repainted - what happens? $2500 deductible applies

44 FINIS