Beazley has announced the launch of a comprehensive suite of contingency policies designed to protect media producers and production companies against a range of risks that can cause productions to be held up or cancelled.
Beazley’s film production offering extends to various content and channels including feature films, television, animation, photographic shoots and commercials.
It provides cover for policyholders for cast members, if production is prevented or interrupted due to injury, sickness, death, bereavement or kidnapping relating to the cast.
It also covers faulty media, cameras, recording equipment, developing, editing or processing, as well as the corruption of content held on digital media, erasure of content and exposure of film to light.
In addition, it covers extra expense such as the damage or breakdown of property, facilities or equipment, as well as employers’ liability, public liability, death and disgrace and terrorism.
The new policies, which are available worldwide, complement Beazley’s existing offering for the media and entertainment industries and extensive experience in providing media liability cover for TV, film, online content and theatre producers.
Alex Clegg, contingency underwriter at Beazley, said: “As well as being an incredibly creative process, media production involves teams and individuals who are highly skilled in planning, managing and delivering projects against budget with tight deadlines and in often challenging circumstances.
“In today’s environment, there are many potential mishaps that could cause production to be interrupted, postponed or cancelled – from cast members being unavailable, to damage to property or data loss. Beazley’s film production policy suite has been designed to give content providers the confidence and protection they need to focus on what they do best – making movies and great content.”