If you're an independent filmmaker, you already know that creating a film is not just about capturing the perfect shot—it's also about protecting yourself and your work. So, let's talk insurance!
Here are four types of insurance you should consider for your independent film:
1. Production Insurance: This is the backbone of your film insurance coverage. It typically includes general liability, property damage, and equipment coverage. It safeguards you against accidents, injuries, and damage to your filming location or equipment.
2. Errors and Omissions (E&O) Insurance: This type of insurance is crucial for protecting yourself against legal claims related to copyright infringement, defamation, or any other legal issues that may arise from your film's content.
3. Workers' Compensation Insurance: If you have a crew working on your film, it's essential to provide them with a safe working environment. Workers' compensation insurance covers medical expenses and lost wages in case your crew members are injured on set.
4. Completion Bond: This type of insurance guarantees that your film will be completed within the agreed-upon budget and schedule. It gives peace of mind to investors and can help secure funding for your project.
Remember, each film project is unique, so consult with an insurance professional to customize your coverage based on your specific needs and budget.