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The Greatest Risks Currently Facing the Entertainment Industry

The Greatest Risks Currently Facing the Entertainment Industry

The entertainment industry is a dynamic place, with diverse projects and aspects that are continually changing. The industry aims to provide inspiration, amusement, and enjoyment to millions of people each year; from movie productions to live music performances and the theatrical arts, the entertainment industry is thriving. With those productions, however, come numerous industry risks. Some of these risks are as old as the industry itself, while others are evolving with changing societal trends. Entertainment insurance is the core of risk management in this industry, but production teams, talent, and event venue owners/ operators must be aware of the top risks they may face.

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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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No-Shows: Why Entertainment Insurance Is Necessary

No-Shows: Why Entertainment Insurance Is Necessary

It takes a lot of effort and creativity to arrange entertainment events such as concerts, films or plays. That’s why decision-makers need comprehensive insurance on their side should the event need to be canceled due to natural disaster, illness, or a man-made tragedy.

Many event planners and professionals in the entertainment industry are not aware that specialized entertainment insurance exists, or they are under the impression that it is an optional coverage that does not cover anything that is not already covered by standard commercial general liability or property insurance policies. However, for many specific exposures, including no-shows, entertainment insurance is the most important policy, and as an insurer, it is important that you ensure that your clients are aware of this.
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What Goes Into an Insurance Program for Entertainment Productions?

What Goes Into an Insurance Program for Entertainment Productions?

The entertainment industry faces many unique challenges as companies in this industry produce theatrical productions, films, and live-action events. The risks associated with the entertainment industry vary widely, requiring flexible and comprehensive business insurance policies designed to protect business assets from those risks.

Among those business insurance policies are those policies known as entertainment production insurance. In the entertainment industry, theater productions and movies, television shows, and live events depend on these insurance policies; in fact, many of these productions could not be made without a suitable insurance policy in place to protect the companies involved. Read more