How can you do this if you want to protect your business - but you might only be set for a few hours or a few days? Figure out how to purchase shorter-lasting protection for your business than other options, ensuring 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 or long-term insurance for your business, 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 costly 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 insurance is costly, you may 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 ustill determining the general prices and average insurance costs, 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 learning 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 your set and into the neighbour's yard, you can use this type of insurance to protect yourself from any damage caused to someone 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, and third-party property damage, learn how much insurance costs, and cover only short-term projects!
