LOS ANGELES, Aug. 2, 2011 /PRNewswire/ -- Specialist insurer Hiscox USA today announced the launch of its new entertainment insurance offering, Hiscox One™. The new offering is a 'one-stop shop' providing a full range of insurance products for production, theatrical and commercial risks written in simplified language reflecting current technology and filmmaking processes. Hiscox One changes the way entertainment insurance is purchased by providing one policy for coverages traditionally placed in numerous policies, streamlining the process for brokers.
"Hiscox One is a comprehensive product that is transforming the world of entertainment insurance," said Marcia Rutledge, Head of US Entertainment Production at Hiscox USA. "The one-stop nature of the policy, combined with the industry expertise of our claims specialists, provides optimal coverage from the point of purchase through a claims event, allowing the show to go on."
The Hiscox One offering is a multi-dimensional product that takes into account the special circumstances of each production, whether on screen or stage. Coverage highlights include:
- Production Risks for Film, Television, DICE, Advertising Wrap Ups and Music Videos covering Cast, Media (Negative and Faulty Stock), Production Extra Expense, Production Equipment, Props, Sets and Wardrobe, Third Party Property Damage, Production Office Property, Money, Automobile Physical Damage, Claim Preparation Expense, Seizure of Quarantine, Commercial General Liability, Umbrella, Excess Casualty, Excess Film, Entertainment Guild Travel and Entertainment Personal Accident (Reality TV)
- Theatrical Risks from Broadway to a community playhouse protecting against potential property and performance disruption risks. More specifically, Theatrical Package, Commercial General Liability, Umbrella and Entertainment Guild Travel Accident
The introduction of Hiscox One now allows the company to manage entertainment risks on a global scale. Expert underwriters and claims teams are located in Los Angeles, New York and London. The London office can address entertainment coverage needs issuing local policies for filming outside of the US.
Hiscox USA has a diverse portfolio of commercial, professional liability and specialty insurance products, and has offices in New York, NY; Armonk, NY; Atlanta, GA; Chicago, IL; Kansas City, MO; Los Angeles, CA; and San Francisco, CA. Additional information on Hiscox One can be found at www.hiscoxusa.com.
For further information please contact:
Cubitt Jacobs & Prosek Communications, New York
About Hiscox in the U.S.
Hiscox, the international specialist insurer, is headquartered in Bermuda and listed on the London Stock Exchange (LSE: HSX). There are three main underwriting parts of the Group – Hiscox London Market, Hiscox UK and Europe and Hiscox International. Hiscox International includes operations in Bermuda, Guernsey and the USA. Hiscox ASM Ltd, Hiscox Underwriting Ltd and Hiscox Syndicates Ltd are authorized and regulated by the UK Financial Services Authority. The ability of syndicates at Lloyd's to do business in the USA, and its territories, is restricted as they are not US-based insurers.
Hiscox Inc., a Delaware corporation headquartered in New York, d/b/a Hiscox Insurance Agency in CA, is a licensed insurance intermediary for admitted and surplus lines business. Hiscox Inc. underwrites on behalf of, and places business with, Hiscox Insurance Company Inc., other domestic insurers, and syndicates at Lloyd's (www.lloyds.com). Hiscox Insurance Company Inc. is a Chicago, IL domiciled insurer which is admitted or licensed to do business in all 50 states and the District of Columbia.
Inquiries as to insurance or other products or services should be directed to an insurance agent or broker licensed to conduct business in the relevant U.S. state. For further information about an insurer's ability to do business in the USA and US territories please contact a licensed agent or broker for advice.
This communication provides general information on Hiscox's products and services only and is not intended to be, and does not constitute, a solicitation of business by syndicates at Lloyd's from or in respect of the USA or U.S. territories. The information contained herein is not a part of an insurance policy, and may not be used to modify any insurance policy that might be issued. In the event the actual policy forms are inconsistent with any information provided herein, the language of the policy forms shall govern.
SOURCE Hiscox USA