INSURANCE FOR THE ENTERTAINMENT INDUSTRY

INSURANCE FOR THE ENTERTAINMENT INDUSTRY

FILM PRODUCTIONS THEATRICAL PRODUCTIONS E VENTS ENTERTAINMENT VENUES THE SHOW MUST GO ON. However, when the inevitable glitch occurs, the show may not go on, distressing everyone from the actors and audience to the investors betting on its success. Along with the glamour and glory, entertainment carries elements of risk not found in other businesses. An actor s illness or injury can suspend production. Camera malfunction or damage to the negative can necessitate a reshoot. Expensive equipment can be stolen from a trailer or fall from a helicopter. People attending an event can be severely injured. Regardless of risk, entertainment is big business and one of the fastest-growing components of the global economy. Even low-budget movies and television programs cost millions of dollars. No one can guarantee a venture s success, but the risks involved can be wisely managed with a specialized insurance program from Chubb. Chubb has been a leading provider of insurance products and services to the entertainment industry for more than 35 years. We understand the risks involved and work closely with our agents and brokers to create specialized insurance solutions to protect against them. For Your Consideration... Chubb is a leading insurer of film productions of all kinds, including major motion pictures, independent films, television movies and commercials. Our experience and reputation for quality has made us a dominant force in the theatrical sector, providing insurance products and services for productions on Broadway, on tour and around the world. We insure many types of events, including conventions, fashion shows, professional sports and award shows. We also offer insurance for entertainment and event venues, such as theaters and concert halls, as well as for entertainment-related services, such as postproduction and equipment rental. The entertainment industry relies on Chubb not just for its experience but also for its commitment to service excellence. Our Loss Control Services risk engineers have the technical skills and industry knowledge required to help mitigate or eliminate a wide range of risks. And Chubb s reputation for paying claims promptly and fairly is second to none. These capabilities, along with our global presence, financial strength and integrity, set Chubb far apart from the crowd. ENTERTAINMENT SERVICES

CHUBB ENTERTAINMENT SERVICES 1 CHUBB ENTERTAINMENT SERVICES 2 CHUBB ENTERTAINMENT SERVICES 3 CHUBB ENTERTAINMENT SERVICES 4 CHUBB ENTERTAINMENT SERVICES 5 CHUBB ENTERTAINMENT SERVICES 6 CHUBB ENTERTAINMENT SERVICES 7 CHUBB ENTERTAINMENT SERVICES 8 CHUBB ENTERTAINMENT SERVICES 9 CHUBB ENTERTAINMENT SERVICES 10 CHUBB ENTERTAINMENT SERVICES 11 CHUBB ENTERTAINMENT SERVICES 12 WE RE NOT IN KANSAS ANYMORE. The movie business has changed dramatically. Price tags are one example: The $4 million that funded the extravagantly produced Gone with the Wind in 1939 would not be enough to produce some of today s commercials or music videos. Additionally, Hollywood is no longer the only center of the film and television production industry, which now extends from Argentina to New Zealand. And digital technology is rapidly changing the landscape of cinematography, postproduction and distribution. With escalating production costs, global filmmaking and changing technology, the film production business is more complex and challenging than ever before. Film producers need an insurer that understands their risks and is able to meet their needs.

TERTAINMENT SERVICES 1 TERTAINMENT SERVICES 2 TERTAINMENT SERVICES 3 TERTAINMENT SERVICES 4 TERTAINMENT SERVICES 5 TERTAINMENT SERVICES 6 TERTAINMENT SERVICES 7 TERTAINMENT SERVICES 8 TERTAINMENT SERVICES 9 TERTAINMENT SERVICES 10 TERTAINMENT SERVICES 11 TERTAINMENT SERVICES 12 CHUBB S FILM PACKAGE FEATURES Chubb s Film Package policy can be tailored to insure both producers or studios. Protection is available for either individual film projects or a slate of productions. It can also be adapted to insure a production company on a blanket basis for all of its commercials, music videos, or other film and video productions in a policy period. Cast The completion of any project often depends on the particular skills of individuals, whether the stars, supporting actors, director or cinematographer. What would happen to a project if the talent is unavailable, either temporarily or permanently? If the star of a film is injured and hospitalized, for example, a director will work around the absence for as long as possible. But if production must be shut down temporarily, Cast insurance protects against extra expenses (such as salaries and equipment rentals) until production can resume. And, worst case, if the project must be abandoned, Cast insurance will reimburse all insured expenses incurred on the production. Chubb can customize Cast insurance to meet most film production needs. For example, we can extend protection to include losses when a project is still in development or include protection for nonhuman cast members. In the past, we ve provided Cast insurance for dolphins, bears, dogs and even a flock of seagulls. Negative Film Film, videotape and other video or audio media can be easily damaged or ruined by faulty camera equipment, improper handling or developing, or accidental exposure to light. It can also be lost in transit to the lab or the editing facility. Our Negative Film insurance responds to the cost to recreate lost or damaged shots or scenes. And, if it is not possible to reshoot the film and the production is abandoned, Negative Film insurance will reimburse all insured expenses incurred on the production.

CHUBB ENTERTAINMENT SERVICES 2 CHUBB ENTERTAINMENT SERVICES 3 Third Party Property Damage When movies are shot on location instead of in a studio, rented or borrowed buildings and other property may be easily damaged. Whether in a mansion full of fine art objects, on an aircraft or adjacent to landscaped gardens, protection for real and personal property of others is critical and often required. Our Third Party Property Damage insurance provides this protection. CHUBB ENTERTAINMENT SERVICES 4 CHUBB ENTERTAINMENT SERVICES 5 CHUBB ENTERTAINMENT SERVICES 6 CHUBB ENTERTAINMENT SERVICES 7 CHUBB ENTERTAINMENT SERVICES 8 Props, Sets and Wardrobe Today s lavish films feature increasingly expensive accoutrements, such as multimillion-dollar sets, high-value cars, boats and airplanes, and meticulously constructed clothing or costumes. Our Props, Sets and Wardrobe insurance helps protect against the costs required to repair or replace those sometimes unique items. Extra Expense Despite being insured for its equipment, film and people, a project can still incur large extra expenses following a loss to property used in the production. If a production is interrupted or postponed because of damage to property or facilities, our Extra Expense insurance pays the additional costs to complete principal photography. CHUBB ENTERTAINMENT SERVICES 9 CHUBB ENTERTAINMENT SERVICES 10 CHUBB ENTERTAINMENT SERVICES 11 CHUBB ENTERTAINMENT SERVICES 12 Miscellaneous Equipment Much of the costly, sometimes fragile equipment used in filmmaking today (e.g., cameras, portable generators, lighting and sound equipment, and even mobile dressing rooms) is rented for the duration of a specific project. The production company is responsible for anything that happens to the equipment during that time period. Chubb s Miscellaneous Equipment insurance helps protect against loss or damage and will respond to claims for loss of use brought by the rental house.

TERTAINMENT SERVICES 3 TERTAINMENT SERVICES 4 TERTAINMENT SERVICES 5 TERTAINMENT SERVICES 6 TERTAINMENT SERVICES 7 TERTAINMENT SERVICES 8 TERTAINMENT SERVICES 9 TERTAINMENT SERVICES 10 TERTAINMENT SERVICES 11 TERTAINMENT SERVICES 12 THERE S NO BUSINESS LIKE SHOW BUSINESS. Live theater ranges from the simplicity of Death of a Salesman and Our Town to the fantastic sets and special effects of The Phantom of the Opera and The Lion King. Managing the risks of special effects, heavy costumes and computer-controlled moving sets takes the kind of knowledge that only comes with years of experience. Chubb has earned a lasting role in Broadway s history by offering insurance solutions designed to meet the demands of even the most complex and costly stage and touring productions.

CHUBB ENTERTAINMENT SERVICES 4 CHUBB ENTERTAINMENT SERVICES 5 Performance Disruption Chubb offers the broad business income protection to meet the needs of large stage and touring productions. CHUBB ENTERTAINMENT SERVICES 6 CHUBB ENTERTAINMENT SERVICES 7 When the show can t go on as scheduled, not only CHUBB ENTERTAINMENT SERVICES 8 is revenue lost, but the production may be hit with extra expenses to get back on track. CHUBB ENTERTAINMENT SERVICES 9 Our Performance Disruption insurance protects against CHUBB ENTERTAINMENT SERVICES 10 losses resulting from cancellation, interruption or postponement of one or more performances due to CHUBB ENTERTAINMENT SERVICES 11 CHUBB S THEATRICAL PACKAGE FEATURES Theatrical Property Chubb s definition of theatrical property includes any property used in the production, such as props, sets, wardrobe, sound and lighting equipment, mechanical and unexpected circumstances beyond our insured s control. This includes the company s inability to open a new production as scheduled. Typical industry business income policies only insure losses caused by damage to insured property. CHUBB ENTERTAINMENT SERVICES 12 computer equipment, and backstage property. We value property on a replacement cost basis. Insurance applies whether items are onstage, at a rehearsal space or in transit. Protection begins before the show opens and lasts through the final curtain call. Our Theatrical Package policy gives producers the ability to protect the personal effects of all employees when those items are in the theater or otherwise in the care, custody or control of the production company. Obligations required by the Actors Equity Association are specifically included.

TERTAINMENT SERVICES 5 TERTAINMENT SERVICES 6 TERTAINMENT SERVICES 7 TERTAINMENT SERVICES 8 TERTAINMENT SERVICES 9 TERTAINMENT SERVICES 10 TERTAINMENT SERVICES 11 TERTAINMENT SERVICES 12 EXPECT THE UNEXPECTED. Professional or amateur sporting events, award shows, conventions, concerts and exhibitions share many of the same challenges and insurance requirements. Planning and staging of these events may involve television and satellite broadcasts, sponsorships, marketing, corporate hospitality and merchandising. The stakes are high, and so are the expenses. Traditional property and business income insurance protects against losses caused by damage to insured property, but what if something else happens to sabotage the event? The intensive business income exposure common to most events calls for broad, specialized insurance protection.

CHUBB ENTERTAINMENT SERVICES 6 CHUBB ENTERTAINMENT SERVICES 7 General Liability CHUBB ENTERTAINMENT SERVICES 8 Many insurers are reluctant to provide insurance for special events. Not Chubb. We have the knowledge and experience required to underwrite most events. Our general liability insurance has many features especially valued by event CHUBB ENTERTAINMENT SERVICES 9 CHUBB ENTERTAINMENT SERVICES 10 organizers: CHUBB ENTERTAINMENT SERVICES 11 Insurance for bodily injury and property damage arising from use of reasonable force to protect persons and property CHUBB ENTERTAINMENT SERVICES 12 Lessors of equipment and premises automatically included as insureds Event Cancellation Chubb s Event Cancellation policy provides insurance against loss resulting from cancellation, interruption or postponement of the insured event. The policy is designed to respond to almost any unexpected circumstance that necessitates the cancellation, abandonment, interruption, postponement or relocation of the event. Employees, including leased workers and volunteer workers, are automatically insureds Personal and advertising injury protection includes liability assumed in a written contract Worldwide coverage territory Every event is different, with different risks. Our Event Cancellation insurance is flexible and can be tailored Liability for incidental healthcare services to the particular needs of each occasion. Protection is provided for either the loss of expenses or loss of revenue. In addition, our policy will pay the extra expense incurred by the insured in order to prevent the cancellation, interruption or postponement of an event.

TERTAINMENT SERVICES 7 TERTAINMENT SERVICES 8 TERTAINMENT SERVICES 9 TERTAINMENT SERVICES 10 TERTAINMENT SERVICES 11 TERTAINMENT SERVICES 12 ALL THE WORLD S A STAGE. From opera houses to sports arenas to exhibition facilities, entertainment and event venues face a variety of risks. For instance, information system failures can bring ticketing to a standstill. Uncooperative weather can force costly event cancellations. And incidents that injure attendees can lead to costly litigation. Chubb understands the operations and exposures of entertainment and event venues. Our experience insuring events of all kinds enables us to better address the needs of the venue owners where these events take place.

CHUBB ENTERTAINMENT SERVICES 8 CHUBB ENTERTAINMENT SERVICES 9 CHUBB ENTERTAINMENT SERVICES 10 CHUBB S PACKAGE POLICY FEATURES Property Chubb s Customarq Classic policy sets the industry standard for property, business income, extra expense and general liability insurance. Customarq Classic offers a $500,000 automatic blanket limit of insurance for selected property coverages that allows insurance dollars to be used where they are needed most following a loss. Customarq Classic includes broad all-risk property/income perils, including water damage, electric arcing and mechanical breakdown. Our property valuation approach includes cost of replacement at the same or another site, ordinance or law (up to the building or personal property limits) and replacement cost for personal property of others and leased personal property. General Liability One thing entertainment and event venues have in common is people lots of people. Public assembly always carries with it the potential for general liability claims. Contracts between the venue owner and others involved in various events are critical in determining who is responsible. Chubb s entertainment underwriters understand and can properly evaluate those risks. Chubb s general liability insurance affords primary protection for bodily injury, property damage and personal injury to a third party for which an entertainment venue is liable. Vendors, owners of leased equipment and employees are automatically included as insureds. Event Cancellation Sometimes a large part of the venue s annual income is derived from just a few critical events. Chubb s Event Cancellation insurance can help protect the owner against loss resulting from cancellation of one or more of those events caused by innumerable circumstances beyond the owner s control. CHUBB ENTERTAINMENT SERVICES 11 CHUBB ENTERTAINMENT SERVICES 12

TERTAINMENT SERVICES 9 TERTAINMENT SERVICES 10 TERTAINMENT SERVICES 11 TERTAINMENT SERVICES 12 THERE ARE NO SMALL ROLES. Without postproduction facilities, rental houses, audio and video services and many others, the show would never go on. Although they work behind the scenes, these entertainment service providers play a vital role in film, television and theater productions. Because the risks such businesses face are as varied as the specialized functions they perform, they need tailored protection that fits their unique needs. Chubb s insurance products and services are based on in-depth knowledge of the roles of the many players in the entertainment services industry.

CHUBB ENTERTAINMENT SERVICES 10 CHUBB ENTERTAINMENT SERVICES 11 Miscellaneous audio/video services CHUBB ENTERTAINMENT SERVICES 12 Scenery/set design and fabrication Meeting or trade show services Talent agencies Each type of service has its own unique operations and risks. Chubb s entertainment underwriting and loss control expertise enables us to understand these individual concerns. And, our Customarq Classic package offers flexible insurance that can be tailored to meet the specialized needs of those insureds. Entertainment service providers can count on Chubb for property and business income protection for their buildings, lighting and sound equipment, props, wardrobes and more. Entertainment service providers include a large spectrum of businesses such as: Postproduction facilities (film, video, audio) Equipment rental houses (cameras, sound, lighting, props/wardrobe)

TERTAINMENT SERVICES 11 TERTAINMENT SERVICES 12 FILM PRODUCTIONS THEATRICAL PRODUCTIONS E VENTS ENTERTAINMENT VENUES ENTERTAINMENT SERVICES THE FINAL ACT Chubb Service and Strength Time is money. In the entertainment industry, downtime can be devastating. Chubb offers specialized protection in all areas of the entertainment industry to minimize the impact of disruptive incidents. Should a loss occur, we are committed to a swift, accurate and fair claim response. In addition to state-of-the-art service, we offer superior financial strength and global capabilities. Loss Control Services Chubb s risk engineers work unobtrusively behind the scenes to identify potential problems and recommend solutions to minimize them before something goes wrong. Extensive knowledge and experience, particularly with Broadway theaters, enable Chubb s risk engineers to work with our insureds and help provide a safe environment while retaining the artistic content of the production. Claims Chubb s exceptional claim service is legendary, and our long history in entertainment gives us a unique perspective on the industry s current needs and concerns. We make it easy to report claims via a toll-free number or through our website, 24 hours a day, 7 days a week. We do our best to ensure that each production makes the most of the critical hours after a disruption occurs by providing access to highly qualified claim adjusters. Global Capabilities The world of entertainment stretches far beyond Hollywood and Broadway. Chubb s global network means we can stay with a show no matter where it goes. We have entertainment specialists in Chubb branches from Montreal to Buenos Aires, and from London to Sydney. Of course, Chubb clients have access to our claim and loss control services around the world. Financial Stability Our financial strength continues to earn high ratings from A.M. Best, Standard & Poor s and Moody s, leading evaluators of insurance companies. Other insurers have come and gone, but entertainment industry clients have continued to rely on Chubb through the years. PERFORMANCE FOR THE LONG RUN Financial strength, combined with our underwriting expertise, loss control and claim service, means Chubb will be there when needed most. As the industry grows and changes, we will continue to provide top-quality insurance products and services designed to help protect our entertainment clients against the risks that can bring down the curtain on their business.

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Chubb Group of Insurance Companies Whitehouse Station, New Jersey 08889 www.chubb.com Chubb refers to the insurers of the Chubb Group of Insurance Companies. Not all insurers do business in all jurisdictions. This literature is descriptive only. The actual coverage is subject to the language of the policies as issued. Form # 10-01-0048 (Ed. 2/07)