PURPOSE |
| Film Production Insurance Policy is a special Insurance Cover to
indemnify a film producer (Insured) from losses arising out of
covered perils / eventualities during production of a film. |
APPLICABILITY |
| This Policy is meant to cover a
film Producer who is producing a film |
BUILT-IN COVERAGE |
- Cover for Cast / Key Members
- Cover for Props, Sets & Wardrobe
- Cover for Raw Stock, Tapes, Negatives
- Cover for Extra Expenses
|
- Cover for III Party Property Damage
- Public Liability Cover
- Personal Accident Cover
- Money Cover
|
OPTIONAL COVERAGE |
- Illness / Sickness
- Accidental Injury
- Kidnap
- Death
|
|
COVER FOR PROPS, SETS & WARDROBE |
COVERED |
NOT COVERED |
| Physical damage including damage due to Storm / Frost / Fire /
Lightning / Earth Quake / Attempted theft to Props, Sets & Wardrobe
whether owned or in your custody or control and whilst in
transit, storage and operation. |
- Natural Ageing.
- Repairing, Cleaning & Maintenance.
- Theft by your employee / sub-contractor
- Deliberate act, Omissions etc.,
|
COVER FOR RAW STOCK, TAPES & NEGATIVES |
COVERED |
NOT COVERED |
| Direct Physical Loss or Damage to Film Negatives, all types of tapes
& Software whether lying / stored or whether in usage / in operation
or whether in transit / as baggage. |
Natural Ageing, theft from unattended vehicles, faulty usage by
cameraperson, faulty editing / processing / developing. |
| Where the production is abandoned due to loss or physical damage
to negatives or tapes used during the shooting or post-production,
then the actual costs incurred up to the date of the decision to
abandon the production will be reimbursed. |
COVER FOR EXTRA EXPENSES |
COVERED |
- Loss or damage arising out of Post-production operations
resulting in
 Re-shooting
/ Re-scheduling other than creativity reasons.
Digital
rectification or any other technical process.
- Non-appearance of Cast, Artistes, Key Members. " Act of God
, Peril.
- Standard Fire & Special Perils.
- Earthquake
- Road Blockages
- Flight Delays / Cancellations subject to 6 hours time
excess.
- National Mourning & State Mourning.
- Strikes, Agitation & Industrial Unrest.
|
Not COVERED |
Additional
Expenses incurred as a result of Creative decision, Loss of Market for
artistes / key technicians. & Loss due to non-performance / improper
performance of cast / crew.
|
THIRD PARTY COVER
|
COVERED |
| Physical damage to
or loss of use of Third Party property caused by an accident occurring
while in your care and used for shooting purposes. |
NOT COVERED |
| Deliberate act of
omission & damage to property rented and used for purposes other than
shooting. |
PUBLIC LIABILITY |
COVERED
|
| Damage to Public /
Public Property for which the Producer becomes legally liable for
accidents that cause bodily injury or disease or loss in connection with
the production. |
NOT COVERED
|
| Intentional
non-compliance of any Statutory Provision, loss arising out of payment
of fines, penalties & loss to properties / vehicles for which compulsory
insurance is required under law. |
PERSONAL ACCIDENT COVER
|
COVERED
|
| Compensation for
Accidental Death / Permanent Total Disability / Permanent Partial
Disability / Temporary Total Disability for people working for the
production (unnamed in the Policy) |
NOT COVERED
|
| Intentional Self
Injury, suicide or attempted suicide, HIV, Venereal Disease, Death /
Disability due to influence of drugs / alcohol. |
MONEY INSURANCE
|
COVERED
|
| Loss of money in
transit within India. & Loss of Cash at locations & shooting sights. |
NOT COVERED
|
- Shortage due to error or omission & computer error or
malfunction.
- Money entrusted to any person other than Producer / Production
Cashier.
- Loss due to any riot or civil commotion.
- Theft from unattended vehicles.
- Fraudulent / dishonest / criminal act of the person handling
cash.
|
ADVERSE WEATHER & RAIN COVER
|
| Covers Extra
expenses / Additional expenses / Consequential losses in the event the
shooting is interrupted, cancelled & postponed due to Adverse Weather
and Rain. |
FAMILY COVER
|
| Covers Extra
expenses / Additional expenses / consequential losses in the event the
shooting is interrupted, cancelled & postponed due to accidental death
or death arising from injury / illness / sickness or kidnap of immediate
family member aged up to 70 years - Mother, Father, Sister, Brother,
Spouse, Children & Grand Children of the Lead Cast / Crew members. |
CLAIMS
|
| Claims will be
processed based on loss of earning and will be settled within 45 - 60
days from the date of submission of the Claim Form along with supporting
documents. |
PREMIUM
|
| Approximately 0.5
% of the Budgeted Cost for Built-in Cover & an additional 0.25% for
Optional Covers. |
COMMENCEMENT
|
| Coverage under the
Policy will start on receipt of the premium in full. |
