The world of film and TV production is an exciting but unexpected one. From first draft to final cut, every step brings excitement, creativity, frustration, and joy. But, your creative project can also bring risk.
While you’re focusing on casting the right performers, finding the prime filming location, or perfecting a storyline, there are a few less glamorous things looming in the background that require the same amount of careful attention. As anyone who has worked in the film and TV industry for any length of time will tell you, the potential legal disasters or delays that could derail your whole project are very real.
But there’s no need to panic. At LMP Group, we’re with you at every step of your project to keep you covered from these risks. Insuring your creative projects against these risks isn’t just a safety net, it makes sure that you’re protected enough to ensure your show can go on. But what kind of coverage does your project need? How much does it cost? And what does it really protect? And the ultimate question: is it really worth the cost? Let’s break it down.
What Is Media Liability Insurance? And Why Do You Need It?
To borrow a phrase from your own industry – let’s set the scene. You’ve poured your heart and soul into a film, and suddenly, you’re being sued for defamation because someone didn’t like how they were portrayed in your film. Or maybe you used a piece of music without the proper rights, and now you’re facing a legal nightmare. These things happen more often than you think.
And this is where Media Liability Insurance comes in. This coverage protects you from all varieties of content-related risks, including:
- Defamation: Getting sued for damaging someone’s reputation
- Invasion of Privacy: When someone feels their personal life has been exposed without their consent
- Copyright Infringement: Using someone else’s copyrighted work, such as music, images, or scripts, without permission
The world of media is litigious, and without the right coverage, legal costs can skyrocket and put projects out of commission entirely.
At LMP Group, we specialise in helping filmmakers and producers like you navigate these potential risk landmines. Our tailored media liability coverage ensures that if a lawsuit comes your way, you have the tailored protection you and your project need. That means you can focus on the creativity and not get bogged down in legal drama.
TV Liability Coverage: More Than Just a Safety Net
When it comes to TV production, things can get complicated quickly. With numerous, constantly moving and changing parts, the potential for things to go wrong is high. Liability Coverage protects you from a range of risks. Three of the most common risks with examples are:
- Bodily injury – example: someone slips on set or gets injured during a stunt
- Property damage – example: accidents that damage rented locations or equipment
- Errors and Omissions – example: legal issues that arise when something goes wrong with the content, such a last-minute change to the script that causes a rights issue
TV Liability Coverage is more than just a safety net, it brings peace of mind and the protection you need to keep your show running smoothly.
Failure to Broadcast Insurance: When Things Don’t Go According to Script
In the film and TV production industry, when things go wrong they go really wrong! Technical glitches, talent cancellation, a freak snowstorm that shuts down production – the list is varied and seemingly endless. Whatever the reason, if your production misses its broadcast window, then you’re left staring down at a pile of lost revenue, broken contracts, and a tarnished reputation.
That’s why Failure to Broadcast Insurance is crucial. This coverage helps protect you against the financial fallout of delays, including:
- Technical failures: Your equipment crashes, and your show can’t air on time
- Talent cancellations: A key performer backs out, delaying production
- Weather disruptions: A freak storm halts filming for days on end
Failure to Broadcast Insurance from LMP takes the pressure off of you. You get to focus on how your work is going to continue, when it can, rather than stressing about missing that critical air date. We help make sure you’re financially protected so that a little setback doesn’t ruin your entire production. You can breathe easy knowing you’ve got coverage to handle the unexpected.
Why Is LMP Your Go-To Broker for Film & TV Insurance?
We’re industry experts that understand the specific demands of the Film and Television industry, and exactly what a team needs to remain protected financially.
The tailored solutions we offer take into account that every production is unique, and we treat yours that way. We’ll work with you to create customised insurance coverage that fits your precise needs.
Ready to Protect Your Production? Let’s Talk.
Film and TV production is a journey filled with unique thrills, challenges, and plenty of risks. But, with the right insurance coverage, you can keep those risks in check. At LMP Group, we’re not just brokers – we’re your partners in protecting your project at every stage.
If you’re ready to safeguard your production from those hidden risks, LMP Group is here for you. We’ll help you navigate the complex world of Production Insurance, making sure you’ve got the protection you need to keep your project running smoothly.
Let’s chat today and make sure your next big project has the cover it deserves!