Source: Royalty-free stock photo ID: 1753358087, Shutterstock
Front Row's workplace insurance policy.
Being 100% online confers many benefits, including:
- Time savings: quote and buy office insurance in just ~5 minutes on your phone, tablet or laptop.
- Dollar savings: no underwriter means the cost to provide a policy for your office is more cost efficient, allowing us to pass the savings onto you in the form of a less expensive policy.
- No need to discuss, print, sign, scan or fax anything.
- More environmentally friendly (paperless).
What is business insurance, exactly?
Business insurance (or office insurance / workplace insurance) allows you to know that your business is protected if you ever suffer a covered loss. As a film producer with an office, you are at risk. During development – when you are not covered by a production policy, an office policy is necessary. The cost to transfer the risk to insurance is low compared to the expense of an actual office theft, fire, or client slip & fall. Let's look at some examples of film production company accidents:
Film production company robbery (2019)
A documentary film production company was robbed in 2019. Thieves drilled a hole in an office door to break in and steal seven computers, multiple hard drives, high-end headphones, a DVD player and other production equipment. The hard drives contained years’ worth of priceless footage.
Under Front Row's workplace insurance policy, all office equipment would have full replacement cost coverage – up to the policy limit – for theft, damage, fire.
Crime coverage can be added onto any office insurance policy. This coverage extends to crime losses that are not insured under the basic office policy. Briefly described, commercial crime insurance covers: money, securities and other property against a variety of criminal acts, such as employee theft, robbery, forgery, and computer fraud.
Film production company fire 🔥 (2005)
In 2005, a film production company’s office was destroyed in a fire. Staff managed to salvage some records and equipment from the rubble.
Under Front Row's workplace insurance policy, office records would have data recovery funds and valuable papers protection available to recreate the lost information. Valuable Papers coverage provides for the cost to reproduce documents and records including film, tape, disc or other magnetic recordings.
Vancouver film production co. fire 🔥 (2000)
In 2000, a three-alarm blaze destroyed the production offices leased by a Vancouver-based film production company. The fire consumed their corporate offices.
Under Front Row's workplace insurance policy, all office equipment would have full replacement cost coverage for: theft, damage, fire.
Tenants Legal Liability (TLL) covers you (the insured) for legal liability in cases where the tenant causes damage to the rented property. If you rent a portion of an office in a building and you have a fire, then your TLL will cover the damages to the area you occupy.
How can workplace insurance/office insurance help film producers?
PROTECT your production company in the case of a lawsuit: Commercial General Liability coverage is designed to protect against sums that you may become obligated to pay for bodily injury or property damage to third parties arising out of your business operations. It includes the cost of a lawyer to defend you.
PROTECT your data from hackers: If you’re a film producer, your livelihood is linked to your computer; you likely have footage, accounting and client personal information on it. If you suffer a hack, your insurance can help you manage the costs associated with the loss. Front Row's office insurance policy includes $10K to cover a hack, at no additional cost.
PROTECT your equipment: What if your laptop was stolen or damaged in some way? Under Front Row's office insurance policy, all your equipment has full replacement cost coverage for theft, damage, and fire.
PROTECT your production company by purchasing Business Insurance online! Obtain a fast online quote and buy a policy online in just ~5 minutes, 24/7:
About: Front Row Insurance Brokers Inc. is an independent insurance broker that provides online workplace insurance for a very low cost, available to quote and buy online 24/7 in just a few minutes (with no minimum premium). Should a claim occur, Front Row works diligently with clients and insurers to expedite payment of claims. Front Row has offices in Vancouver, Toronto, Montreal and Halifax.
Related:
ANNUAL FILM STUDIO INSURANCE FOR FILM PRODUCTION COMPANIES
FILM/VIDEO EDITING OFFICE INSURANCE
ANNUAL OFFICE INSURANCE FOR TV PRODUCTION STUDIOS
OFFICE INSURANCE FOR ANIMATION STUDIOS
Citations:
https://en.wikipedia.org/wiki/Victory_Pictures_Corporation
https://www.abc.net.au/news/2005-05-01/staff-search-through-rubble-after-film-company-fire/1561268
DISCLAIMER: Informational statements regarding insurance coverage are for general description purposes only. These statements do not amend, modify or supplement any insurance policy. Consult the actual policy or your broker for details regarding terms, conditions, coverage, exclusions, products, services and programs which may be available to you. Your eligibility for particular products and services is subject to the final determination of underwriting qualifications and acceptance by the insurance underwriting company providing such products or services. This website does not make any representations that coverage does or does not exist for any particular claim or loss, or type of claim or loss, under any policy. Whether coverage exists or does not exist for any particular claim or loss under any policy depends on the facts and circumstances involved in the claim or loss and all applicable policy wording.