Andrea Abad

Andrea Abad , executive vice president for Encore Entertainment , the underwriter for the entertainment programs of The St. Paul Insurance Companies , described the special coverages in a typical producer's package for motion pictures.One of these is cast coverage , which provides protection against loss in the event an actor or actress is unable to perform during the principal photography period for the film or television show.

You have so many hours of filming per day , and you need to finish your movie within a specified period of time , Abad said.Otherwise , you go over budget because you have grip people to pay , equipment to rent and so on..

According to information from Fireman's Fund Insurance Co. , a leading underwriter of cinema productions , cast coverage accounts for the highest volume of claims dollars paid.
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For example , you film , and in the evening you start processing , Abad explained.All of sudden you find out-even though you tested your cameras before you started filming-at the bottom of the screen...is a flicker.Either you digitally correct it , or sometimes it could be such a big faulty loss that you have to re-film it..

In the Woody Allen film Manhattan , insured by Fireman's Fund , a dinner party scene filmed at the Metropolitan Museum of Art was found to be unusable after it had been developed.Thanks to faulty stock coverage , the producers were able to go back and rent the museum again to shoot the scene a second time.

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Abad gave the example of a production company that wants to film a movie at someone's mansion.The person who owns the mansion will want coverage for damages that might incur while the property is in the care , custody and control of the production company.

Boats , planes and E&O

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Abad opined that , for an experienced entertainment underwriter , anything that is properly underwritten and properly priced is insurable.Nevertheless , she admitted that occasionally people ask for certain crazy things..