Midlakes Insurance, Inc.
Dave Peterson
DICE/Annual Productions
Coverage Definitions
Equipment,
Props, Sets and Wardrobe
What is
covered?
Camera,
sound, lighting and miscellaneous rented equipment. Owned equipment can be
covered separately. Props, sets, and wardrobe are covered.
How much
should I insure for?
The insurable
value should be the total value of your rented equipment, props, sets, and
wardrobe from all vendors. Owned equipment should be covered for their
replacement cost.
What is
covered?
Camera,
sound, lighting and miscellaneous rented equipment. Owned equipment is not
covered. Props, sets, and wardrobe are covered.
How much
should I insure for?
The insurable
value should be the total value of your rented equipment, props, sets, and
wardrobe from all vendors. Owned equipment, props, sets, and wardrobe can not
be covered.
Can the
deductible be changed?
No. The
deductible is based on the total limit of equipment, props, sets, and wardrobe.
Are
"Loss Payees" included?
Equipment
insurance includes your vendors being provided with certificates of insurance
naming them as loss payee in the event of a loss. Unlimited certificates can be
issued.
Negative
Film or Videotape & Faulty Stock, Camera & Processing
What is
covered?
Damage or
destruction of raw film or tape stock, exposed film or videotape, faulty stock,
faulty cameras or lenses.
How much
should I insure for?
The limit is
the budget you declared as your largest production.
Extra
Expense
What is
covered?
Extra expense
reimburses the insured for the out-of-pocket expenses in the event of the
interruption, postponement or cancellation of the declared production, as a
result of loss, damage or destruction of property or facilities contracted for
use by the insured.
Third Party
Property Damage
What is
covered?
Covers
damages to locations while it is in the care, custody and control of the
insured (i.e. damage to a house that you are shooting in).
General
Liability
What is
covered?
Covers the
insured for losses due to bodily injury or property damage caused by the
insured's employees or agents. Locations will require general liability of at
least 1,000,000. The aggregate is the total liability limit. The occurrence is
the limit per claim.
Are
"additional insureds" included?
With blanket
additional insureds, your vendors and locations will be provided with
certificates of insurance naming them as additional insureds in the event of a
loss. Unlimited certificates can be issued.
City and
other special certificates
The City of LA, other cities, and
entities may require "special wording" on their certificates or have a
special form they require be completed. Film permit offices will require this.
Automobile
(Hired & Non-Owned)
What is
covered?
Vehicles
rented for the production. Liability covers injury to third parties or damage
to their property. Physical damage provides coverage for damage to the
vehicles.
Excess Liability
What is
covered?
This provides
excess liability over the general liability and/or automobile and can be
obtained in increments of 1,000,000.
Workers'
Compensation
What is
covered?
Injury to
your compensated and non-compensated employees and volunteers.
Who is not
covered?
For
corporations, partnership, LLC's and other legal entities, officers are
excluded from coverage. For individuals and dba's, the owners are excluded from
coverage.
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