Whether you’re a new production company or have been in business for a while, you need to have the right insurance coverage to protect your assets against the inherent risks of the production industry. Unfortunately, it can be a bit of a challenge to understand the insurance requirements for your company. To assist you in your search, here is a brief explanation of the top video production insurance coverages that you should plan to carry.

General Liability Insurance

General liability is one of the most commonly purchased coverages among all business owners, not just production companies. It protects your company in case someone is physically injured, or their property is damaged at your studio or on location. Your policy will pay for any legal or medical fees for which you are found liable.

Property Insurance

Property insurance makes funds available to you in case your property or equipment is damaged or lost. Your studio or shooting location, cameras, other video equipment and accessories, computer equipment and editing software supplies can all be protected. Some of the covered events include fires, windstorms, theft and vandalism.

Workers’ Compensation Insurance

Even when not required by law, you should carry worker’s compensation coverage. It helps to pay for legal fees, medical expenses and even lost wages associated with an employee becoming ill or sustaining an injury on the job.

There are many other layers to video production insurance. Work with an experienced agent to ensure that you’re getting the perfect coverage for your needs.