Film Insurance & Financing in India

Insurance Category

 Remarks

Named Artistes - the Main Cast, Important Support Cast, Directors, Technicians etc.

 - Non-appearance due to death, accident/illness involving hospitalization, death in immediate family, natural calamity, complete breakdown of transport system, riot/strike/civil commotion/curfew like situation prohibiting the cast from reaching the site of shoot, acts of kidnap, murder etc. Insurer's liability restricted to reimbursement of lost remuneration, reshooting and cancellation/postponement caused expenses.

Properties, Sets, Production Equipment, Negatives etc.

 - Coverage is due to losses arising out of fire, flood, storm or any other acts of God or natural calamities or accidents due to main cast /accidental/external means or acts of riot/strike/ civil commotion etc. or terrorism/theft/burglary/dacoity or risks of transit.

 -  Insurer's liability limited to material damage, additional expenses on account of bringing back things to normal, irrevocably lost insured expenses on account of cancellation/postponement etc.

Public Liability

 - Coverage is due to injury/loss to members of public and their property; can include indemnity for court fees, advocate's fees, legal costs and expenses incurred with Insurer's consent in the successful defence of suits/writs/summons brought against to prevent the film being shot further or being released.

Money Insurance

 - Coverage in this case is cash in transit between shoot locations or cash kept at the shoot site (under lock and key) or cash embezzled by the authorized person of the insured but detected within 48 hours of the occurrence.

Workmen Insurance

 - Coverage includes bodily injury resulting in death/disability to the workman arising out of and during the course of employment on-shoot locations.

Accident Insurance

 - For all members of the production team on-location and/or off-location at a predetermined rate. Coverage can be claimed for bodily injury resulting from accidents caused by external/violent/visible means during the policy period.