WHITEHOUSE STATION, N.J., March 14, 2017 /PRNewswire/ -- Explosions and dramatic stunts in exotic locales keep film audiences entertained, but behind the scenes, filmmakers must strive to keep actors, stunt performers and crew safe while providing only the illusion of danger. This is one of the key risks highlighted by a new Chubb in-depth report examining some of the entertainment industry's most salient exposures, specifically those that affect filmmakers and touring artists. Part of a series of insurance and risk management perspectives, "Foreign Productions and Tours Add Risk for Filmmakers and Artists" was co-authored by Costas Hadjipateras, Senior Underwriter; Katelyn Lay, Vice President; and Erica Nolda, Assistant Vice President.
According to the in-depth report, production companies need to know that:
- when choosing a foreign location, they need to understand how local employment, workers compensation and insurance regulations affect their project and its risk management demands;
- the complex nature of many film projects can make obtaining the appropriate insurance more difficult;
- falls remain a significant cause of workplace fatalities in all industries
"In today's environment it only takes a single incident to shut down a tour or a production. In such a competitive field, prudent filmmakers and artists are diligent and take extra precautions to help mitigate a wide range of unique exposures," said Katelyn Lay, Vice President, Chubb Global Casualty. "With our extensive global footprint and seasoned expertise in this area, Chubb Global Casualty has been able to help the entertainment industry mitigate unique exposures. As challenges arise, it is critical that the industry take the proper precautions to develop an effective risk management program which includes working with the right carrier to secure the appropriate coverage."
The advisory provides individuals associated with the entertainment industry tactical risk mitigation strategies on a wide array of risks including: stunts and explosions, pyrotechnics, railroad and auto incidents, and the use of animals in film. The complex nature of these risks can make obtaining the appropriate insurance difficult, but Chubb can help tailor coverages to meet the entertainment industry's complex needs.
The full advisory can be read here, and includes additional risks filmmakers and artists face, as well as information on the benefits of having a tailored policy to protect against applicable risks.
Chubb is the world's largest publicly traded property and casualty insurance company. With operations in 54 countries, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. As an underwriting company, we assess, assume and manage risk with insight and discipline. We service and pay our claims fairly and promptly. The company is also defined by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength and local operations globally. Parent company Chubb Limited is listed on the New York Stock Exchange (CB) and is a component of the S&P 500 index. Chubb maintains executive offices in Zurich, New York, London and other locations, and employs approximately 31,000 people worldwide. Additional information can be found at chubb.com.
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