How can studios insure the vehicles they use?
Vehicles that are used for shooting, broadcasting or acting usually must be insured. These vehicles might be insured with either of two types of commercial auto insurance.
Traditional commercial auto insurance is normally used to insure vehicles that a business owns. Within an annual film production policy, the coverage might extend to broadcast trucks, video-equipped trucks and cars that a studio owns.
Hired and non-owned auto insurance typically insures vehicles that a business doesn’t own. Any of those mentioned vehicles might be covered with this coverage if a studio rents them.
An experienced insurance agent can help studios make sure they have the type of auto coverage that’s appropriate for the vehicles they use.
How much do annual film production policies cost?
Compared to short term film production policies that cover a single project, annual film production policies usually cost more because they cover multiple projects. If filming at least a few projects throughout the course of a year, an annual policy is likely the more economical option.
Among annual film production policies, premiums can vary quite significantly. Some factors that commonly influence rates are a studio’s location, filming locations, types of scenes, and budget.