A Business Insurance Update
We like to think that there is nothing ‘typical’ about commercial insurance. Your business is unique and needs commercial insurance designed to fit your needs. However, we can say there are coverages that every business should consider. Therefore, we would like the chance to review your risk and then provide a program specifically designed for your business.
Coverage specific to the entertainment industry
- Cast coverage
- Faulty stock
- Props and sets
- Event cancelation
- Special equipment
- Copyright liability
- Errors and Omissions – 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.
Commercial Liability
- Bodily Injury — Bodily injury to a third party.
- Property Damage — Damage to a third party’s property (equipment building etc.).
- Personal Injury– Injury to the mind or emotions, as opposed to an injury to property.
- Advertising Liability — Damages arising out of advertising, libel, slander, and invasion of privacy.
- Products and 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.
- Management Liability — This might include cyber, employment, and professional liability coverage. Directors and officers liability also might fall under this category.
- Umbrella — Provides excess liability over primary auto and commercial liability policies.
- Pollution — Coverage for accidental release of pollutants.
Business Auto
- Covers vehicles owned by the company for business use
- Can include comprehensive and collision
Commercial Property
- Buildings and Equipment –This covers most property on or near the business premises that is used in the business. This would include such things as machinery, computers, raw materials, or inventory.
- Business Income and Extra Expense — If your main business premises are destroyed, along with much of the property you used to operate, business income will provide funds to cover lost revenue. Extra Expense provides the cost of a temporary location and other related expenses.
This information is not intended to be a complete review of all available coverage. Please call our office and we will be happy to provide a review of your insurance program.
MovieInsure.com offers a wide variety of A-rated, Admitted and Non-Admitted insurance companies for our clients to choose from. We only deal with companies that are on the Insurance Commissioner’s approved list.
We service the following states: Alabama. Arkansas, Arizona, California, Colorado, Delaware, District of Colombia, Florida, Georgia, Hawaii, Iowa, Illinois, Indiana, Louisiana, Maryland, Michigan, Mississippi, North Carolina, New Jersey, New Mexico, Nevada, New York, Ohio, Oregon, Pennsylvania, Tennessee, Texas, Utah, Virginia, Washington, and Wisconsin. If you do not see your state listed here, please inquire anyway – we are growing!