Monday, February 11, 2013

Completion Bonds

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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