Thursday, April 9, 2015

How Does Business Liability Insurance Impacts Entertainment Companies?

Business Insurance

The world is changing, and we understand the issues entertainment businesses face every day. There is constant competition for your customers, there are challenges in attracting and retaining top talent and your expenses keeps going up. Your entertainment business changes, and so do your exposures. Here are some of the major kinds of liability coverage found in most business insurance programs.

Entertainment Liability Insurance

·         Bodily Injury - Bodily injury to a third party.
·         Property Damage - Damage to a third party’s property (equipment building etc.).
·         Cast Insurance - Reimburses the production company for any extra expense necessary to complete principal photography of an insured production due to death, injury or sickness of any insured performer or director
·         Personal Injury - Injury to the mind or emotions, as opposed to an injury to property.
·         Products & Completed Operations - Liability arising out of products you sell or business operations and services conducted, excluding professional services.
·         Premises - Covers liability arising out of injury to third parties while on your premises.
·         Professional Liability – Covers legal liability and defense for the production company against lawsuits alleging unauthorized use of title, format, ideas, characters, plots, plagiarism, unfair competition or piracy. Also protects for alleged libel, slander, defamation of character or invasion of privacy. This coverage will usually be required by a distributor prior to release of any theatrical or television production.
·         Umbrella - Provides excess liability over primary auto and commercial liability policies.

The staff at John Hart Insurance has over 60 years combined experience in the field of entertainment insurance.  We focus exclusively on understanding the unique needs of motion picture, television, video, music and theatrical companies.  This knowledge base allows us to structure an insurance program specifically for each client that will be a balance of  the best coverage and most economical solutions to help them manage the risks inherent to their unique businesses.

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