Many times
some investors will have a contract that requires the production to be completed. Completion
Bonds are the instrument used to protect
the investors.
A Production Completion Bond monitors the production and steps in if your production can’t be completed
or is going over budget. These bonds are written by a special group of bonding
companies. The bonding company will finish the film, so that it can be released
allowing the investors the opportunity to recoup their investment and or
profits. The bonding company can’t guarantee the production will be a “success”
but rather it will be completed.
John Hart Insurance does not write the Completion Bond. We work very closely with the Bond company
making sure the production is sufficiently covered and professionally
underwritten.
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