(DICE stands for declarations, the insurance agreement, conditions and exclusions) “There’s no excuse for not reading the entire policy,” Quinley said.
What are dice policy provisions?
It identifies who is an insured, what risks or property are covered, the policy limits, and the policy period (i.e., time the policy is in force). The Insuring Agreement summarizes the carrier’s major promises. … All-risk coverage, under which all losses are covered except those losses specifically excluded.
How much is insurance for a film?
How Much Does Film Production Insurance Cost? The average price of a standard $1,000,000/$2,000,000 General Liability Insurance policy for small film productions ranges from $27 to $79 per month based on location, duration, type of film, props used, and more.
How does production insurance work?
Film production insurance protects your production company and/or project from related liability by covering a specified value amount. … In general, a solid policy will protect the producer from liability related to injuries on set and any accidents in working vehicles.
How do I read my insurance policy?
How to Read an Insurance Policy
- 1) Ascertain who qualifies as an insured. …
- 2) Confirm all forms and endorsements are included. …
- 3) Annotate the policy form. …
- 4) Read the insuring agreement first. …
- 5) Read the exclusions. …
- 6) Read the exceptions to the exclusions.
What are the components of an insurance policy?
The core components that make up most insurance policies are the deductible, policy limit, and premium.
What are the main parts of an insurance contract?
There are four basic parts to an insurance contract: Declaration Page. Insuring Agreement. Exclusions.
- Excluded perils or causes of loss.
- Excluded losses.
- Excluded property.
What insurance do I need to film?
If you are shooting on location, public liability insurance is mandatory to ensure the producer is covered for any accidental damages that might occur as a result of a shoot. It also covers members of the public in the event that they are accidentally injured during your production. Key features are: Damage to Property.
How do I get filming insurance?
Typically, film production insurance is purchased by a producer or the owner of a production company. Determining the type of insurance policies you’ll need for a particular film project will take place during the pre-production phase.
Do you need production insurance?
LEGAL REASON. As for legal reasons, nearly every location and financier requires that a production company/filmmaker carry some form of insurance. A good example of this is the need for general liability insurance to cover property damage and bodily injury to third parties.