If you want to protect your business - but you might only be set for a few hours or a few days - how can you do this? Figure how to purchase protection for your business that is shorter-lasting than other options, ensuring that you are covered no matter what happens!
Why you should choose short term production insurance for your business
If you're debating whether to get short-term production insurance for your business or get long-term insurance, the short-term may be the best option depending on your current situation. If you don't know whether to purchase insurance or just risk it all, purchasing short-term production insurance is the best of both worlds, as it is typically less expensive, covers short-duration projects, and still prevents you from having potentially very expensive fines if something happens on your set.
Click here if you plan to purchase short-term production insurance for your business.
Small budget
One of the main reasons why you should use short-term production insurance to help protect yourself, your gear, and your employees is if you have a small budget. Since long-term insurances are very
expensive, you may find that you do not have the money to pay for this investment. Long-term production insurance covers sets for around a few months to one year - if you do not have the funds to pay for this or you do not know how long your project will take, getting short term production insurance can cover you for short-term projects - such as a few hours or a few days. This is the best way to stay protected and prevent having a very hefty initial investment.
You may only need a few lines of coverage
The second reason to use short-term production coverage is if you only need short-term coverage - obviously! If you do not have coverage for long periods, you need to re-shoot one scene, or you just need a few lines from one of your actors, you can get short term coverage to ensure that anything that happens on set - no matter if you are the for few minutes or few hours - is legally covered!
Learn how much production insurance costs
The third reason to use short-term production insurance is to
learn how much insurance costs for your business. If you are not sure of the general prices and the average costs of insurance, you can get short-term production insurance to give you a ballpark estimate of how much you will be spending per month to safeguard your project.
Third-party property damage
Along with the ability to learn how much insurance costs, you can use short-term production insurance to safeguard and protect yourself against third-party property damage. If you are shooting a movie and something goes wrong with your equipment and it falls off of your set and into the neighbour’s yard, you can use this type of insurance to protect yourself from any damage caused to someone who is not involved in your project.
Conclusion
By purchasing short-term production insurance, you can cover accidental damage or theft of rental equipment, workers compensation insurance, third-party property damage, learn how much insurance costs, and cover only short-term projects!
