Beazley launches contingency policy suite for media

Specialist insurer Beazley has today launched a suite of contingency policies to protect media producers and production companies against a range of risks that can cause productions to be held up or called off.

The new offering extends to various content and channels including feature films, television, animation, photographic shoots and commercials, and provides cover for policyholders for cast members (where production is prevented or interrupted due to injury, sickness, death, bereavement or kidnapping); media (for faulty media, cameras, recording equipment, developing, editing or processing; corruption of content held on digital media; the erasing of content and exposure of film to light); extra expense (eg. damage or breakdown of property, facilities or equipment); property; money; EL; PL; products liability; death and disgrace and terrorism.

Alex Clegg, contingency underwriter at Beazley, said: “As well as being an incredibly creative process, media production involves teams and individuals who are highly skilled in planning, managing and delivering projects against budget with tight deadlines and in often challenging circumstances. In today’s environment, there are many potential mishaps that could cause production to be interrupted, postponed or cancelled – from cast members being unavailable, to damage to property or data loss. Beazley’s film production policy suite has been designed to give content providers the confidence and protection they need to focus on what they do best – making movies and great content.”

Beazley's new policies are available worldwide.

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