![]() This policy covers productions like digital videos, documentaries, commercials, demo reel shoots, and direct sales videos. Still, it usually covers general liability, damage to third-party property, wardrobe, props, sets, workers' compensation, equipment, and issues. If you are wondering, DICE is an acronym for the primary types of production, as in Documentary, Industrial, Commercial, and Educational films.Īn all-risk insurance policy coverage mainly depends on your production’s needs. ![]() ![]() The packages are tailored to the need of the production.Ĭontrary to short-term film insurance, which covers only one project, annual production insurance, or DICE insurance, covers all production company projects. It covers protection from injury, health insurance, animal protection, stunt worker and pyrotechnic engineers, worker’s compensation, and more. Short-term production insurance is designed for a specific production. No producer wishes to face unplanned astronomical costs. Regardless of which one you choose, production insurance has to cover the whole period from the first to the very final day. Short-term film production and DICE annual film production are the two types of insurance offered for the commercial production industry. Overall, a DICE insurance policy is something any growing production company should consider if they are looking to broaden coverage, reduce premiums, and save time. In addition, the time you spend underwriting each short term policy can be inefficient. These policies can cost around $1,500 per production - an annual DICE insurance policy starts at around $5,000, so if you're doing more than 3 productions the cost is economic. Most producers will start by purchasing one-off policies, typically for 30 days, and acquire insurance like General Liability, Automobile Liability, Property, and Workers Compensation Insurance. The main benefit of a DICE insurance policy is to increase coverage and reduce costs if your business is producing multiple projects per year (versus getting individual short term policies). An experienced insurance broker will customize a policy that aligns with your businesses operations. Most will exclude features and tv shows, but everything else is probably covered. ADVISOR TIP: if you're producing a feature film or TV show, it's legally wise to have a separate entity for these projects.Īn off the shelf DICE insurance policy is designed to cover most productions on an annual basis. For example, if you produce Music Videos, Short Films, or even Feature's, a DICE insurance policy can include these operations. However, a DICE insurance policy typically covers more than these 4 activities. At it's core, DICE stands for Documentary, Industrial, Commercial, Educational, and Industrial types of productions. Ah yes, another confusing term coined by the insurance industry, DICE production.
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