At an event in the film industry last year, the board of Lloyds spoke about insurance of film and television productions, noting that the industry requires insurance to protect against delays, damaged equipment, accidents and natural disasters, to name a few common risks. Lloyds panelists identified greater risk
"the majority of requests are from cast or crew failure to appear, according to Elliot. The financial cost of the loss of a principal actor or director can be huge. Elliot cites the case of a film production in Europe, where the director has suffered an illness during the production and post-production phases leading to an insurance claim of about $ 2.3m. "
In the insurance 150- year marks fireman Fund, Richard Verrier of Los Angeles Times looked at the century of the insurer work in the film industry, and how the company has helped to keep the cameras rolling.
"fireman Fund covers about 80% to 85% of $ 0 million or more in Hollywood political spends to make movies and TV shows. Premiums vary from 1% to 4% of the film budget, which means that a film of $ 0 million may spend at least $ 2 million in insurance coverage. "
The company said that in 2012, average demand paid to a film or television producer in 2012 was $ 60,651, but some were significantly
"When Audrey Hepburn fell from a horse while" the Unforgiven, "his back injury delayed the shooting of the result in 1960 film by John Houston. Fireman Fund has paid more than $ 240,000 to cover losses.
"Spartacus" was more costly for the insurer, which paid $ 245,000 for delays caused by an emergency operation for the actress Jean Simmons, $ 53,000 for a viral infection star Kirk Douglas and 335,000 for $ severed Achilles tendon co-star Tony Curtis.
But his most expensive application was "Wagons East." Firemans Fund paid approximately $ 15 million when star John Candy died in 1994 during production in Durango, Mexico.
the insurer has paid a claim $ 7 million after Patrick Swayze fell off a horse and broke his leg while filming the 1998 film of the crime "Letters from a Killer," Diaz said. "
enjoy the Academy Awards this weekend. insurance nerds who lack recognition of the role behind the scenes of their parts of the industry could benefit from some of these insurance-related movies
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