Film production insurance
hello everyone,
let's look something that happened behind the camera that is feeling production insurance.we all went enjoy watching movies but what is something goes wrong while shooting? like an actor getting a camera break or a suddense don't stopping the shoot that's were insurance helps it protects the movie team from losing money let's see how!
feeling production insurance helps feeling makers when something bad or an expected happens if a camera with 10 lakh breaks or is lead actor get injured insurance gives money to fix the loss it covers problems like actor illness equipment damage natural disasters shoot delays it's like a safety net for the movie team.
shooting a movie is risky anything can happen rain power cut or someone gets injured if there is no insurance the production may stop money is wasted with insurance the team gets money to continue the shoot that's why most producers and platforms like Netflix ask for insurance before shooting starts.
there are different types of insurance in film making
cast insurance if a lead actor get sick or injured
equipment insurance for broken or stolen cameras and lights
set insurance if I said is damaged by fire or flood
public liability insurance if someone from the public gets hurt on set.
delay insurance for rain or health problems that stop the shoot.
foreign insurance for shooting in other countries
nowadays insurance is not just helpful it's often required feeling permits need insurance big platforms like Sony live Amazon Prime what approve a film and let unless it's ensured it also give confidence to investors they know their money is safe even if something goes wrong.
how much money does it cost? usually about one percentage to 3% of the total movie budget that's small come by you to the crores pend on sets and actors for example if a 5 crore film spends 500000 on insurance its totally worked it if rain damages to set the insurance will help rebuilt and continue the shoot.
in Malayalam film industry the face many challenges like monsoon brain delays outdoor shoots shooting in crowded market actor injury equipment test and so on so insurance is needed to protect them.
let's look one example with a movie madakka it was one of the most expensive Malayalam feeling with a budget over 100 crores the feeling faced multiple delays due copy 19 LOC downs the marketing was already done and the release had to be postponed again and again this course use loss feeling production insurance provides claim only to the problems at the time of shooting delay in release is not covered.
along with insurance feeling teams also take extra care health checks and so on these reduce absence and make insurance claims easier if needed.
now insurance is even used for post production works like editing cyber insurance for licked videos or stolen content kovid related shutdowns and safety
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