What it Means to Insure Financial Institutions

What it Means to Insure Financial Institutions

Financial institutions face unique risks in their daily operations – risks that many other business types simply do not experience. Because of intense regulatory scrutiny, financial institutions must have in place rigorous risk management protocols, including information security strategies as well as specialized liability insurance. Special risks insurance brokers work with these financial firms, helping them to develop insurance plans that protect assets from the losses associated with property damage, data breaches, negligence, and legal claims.

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The Most Common Occupational Hazards on Film Productions

The Most Common Occupational Hazards on Film Productions

Film and television production sets are often chaotic places, with dozens or even hundreds of people working together to create a memorable shot. Film sets typically include heavy set pieces and props; in a recent production for the iconic Star Wars franchise, a set piece dropped on actor Harrison Ford’s leg, breaking it and requiring him to sit out eight weeks of filming to recover. On-set injuries are unfortunately very common and can go under-reported or unreported altogether. Film production insurance is one way that filmmakers can protect the assets of their production companies as well as their staff and cast members against the losses resulting from injuries. We’ll take a look at common occupational hazards in the film production industry and illustrate how specialty insurance can help mitigate the risks in this dynamic and challenging field.

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How Film Productions Can Avoid Copyright and Other Suits

How Film Productions Can Avoid Copyright and Other Suits

The world of film production is a chaotic one, with millions of dollars in budgets for individual film projects, thousands of cast members and behind-the-scenes staff, and seemingly endless sources of liability. Movie and television producers have had to fight claims of copyright violation and many other types of lawsuits over the years, and the rate of these lawsuits is only increasing. As a risk management tool, entertainment industry veterans know the value of film production insurance, protecting the employees and assets of film production companies against the losses associated with liability claims. In this guide, the role of fair use and copyright in filmmaking will be illustrated, providing insurance agents with the information they need for their entertainment industry clients to make smart decisions and to avoid potential legal issues.

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The Legalities of Temporary Staffing

The Legalities of Temporary Staffing

In the world of employment, there are many choices for workers and employers alike. Different classes of employees fill roles in a wide variety of occupations. For those looking for seasonal work or cannot commit to a long-term employment relationship with a company, temporary staffing is a viable option. Unfortunately, laws designed to protect employees and employers from liability issues do not often cover temporary employees and the firms used for temporary staffing services. U.S. Risk Underwriters has worked with temporary staffing agencies across the country, helping those companies mitigate their unique liability exposures with our StaffPak program, offering solutions custom-tailored to the needs of each client.

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Best Practices for Minimizing Risks at Large Events

Best Practices for Minimizing Risks at Large Events

Every year, millions of people attend large events ranging from music festivals to performance art shows, sporting events, fairs, and concerts. The overwhelming number of these events are conducted without issue, providing entertainment and enjoyment in a safe, welcoming environment. However, several highly-publicized incidents of violence at public events in recent years have highlighted the need for event planners and venue owners to prepare for worst-case scenarios. Much planning goes into providing security for large events, and to minimize the potential risks, event planners must make security considerations their primary focus. Entertainment insurance is one of several components that help to minimize the risks associated with events; coupled with strong security and careful planning, these events can continue to be enjoyed by millions of attendees.

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The Importance of Contingent Liability Insurance

The Importance of Contingent Liability Insurance

Business owners face many risks in the day-to-day operations of their companies. Risk management is a crucial part of any company’s operation, and liability issues can impact a company’s ability to continue doing business. Among general liability exposures faced by business owners, the concept of contingent liability is one that requires specialized risk management. Contingent liability insurance plans, including occupational insurance, are ways that companies can minimize their risk exposure.

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Who Stands Liable for Concert or Event Injuries?

Who Stands Liable for Concert or Event Injuries?

Around the world, millions of people attend events like concerts, music festivals, fairs, and theater performances. The overwhelming majority of these events take place without incident, but there have been times when tragedy makes an appearance. Highly-publicized incidents of violence, such as the music festival shooting in Las Vegas in 2017 and a concert suicide bombing in Manchester, United Kingdom the same year stand out in our minds. Concert and event goers have an expectation of safety when attending events, and when an incident occurs, there is often confusion as to which party is liable for the injuries or deaths sustained as a result of the incident. To minimize exposure for concert promoters, event venue owners, and performers, concert insurance represents a smart investment, protecting against financial burdens associated with liability issues.

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What to Know About Insuring Subcontractors

What to Know About Insuring Subcontractors

In the building and construction industry, general contractors often rely on the specialized services provided by subcontractors. Subcontractors typically handle aspects of construction projects like plumbing, electrical, and finish work, among many other components. General contractors carry the weight of liability in construction projects, and commercial liability insurance is a vital part of risk management.

What about the risks associated with subcontractors? Should subcontractors carry their own general liability insurance, or are they covered by the general contractor’s policy? In this guide, we present common concerns and aspects of insuring against risks, with information about U.S. agencies insurance policies designed to protect against liability claims for contractors and subcontractors alike.

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