Film Production E&O Insurance

Delivering security in a world of risk

With any TV or film production, the Coverage Highlights producer is the central coordinator and decision-maker. They bring together the • Coverage goes beyond specified disparate creative, technical and "named perils" to risks arising financial elements of a production and out of the core functions of ensure that each operates effectively production companies: gathering within its own sphere and together with and disseminating information the others. A successful producer will be or entertainment to the public. able to navigate through all of these facets to bring an idea to life on the big • Internet liability for the screen. production is automatically In addition, they also face a myriad of covered. liability exposures in curating this • No clause requiring the insured content, which can prove exhaustive to settle at the insurer’s request. and extremely costly if it goes wrong. • No exclusion for "internal" For example, the title of a production copyright disputes brought by could violate a third-party trademark, employees or freelance writers or an accidental failure to obtain over "ownership rights." consent or a proper license could spark • Multi-year coverage up to 7 years a lawsuit. Defense costs associated with can be purchased to comply with such lawsuits can be staggering. Chubb distribution “rights period” offers a bespoke Film Production Errors requirements. and Omissions policy which addresses these risks and more. • Annual E&O coverage available Chubb’s offering provides more than for select clients. just a contractual solution to producers. • Worldwide coverage. It can save producers from the peril of bankruptcy or financial ruin while • Multi-currency options available. ensuring they can monetise their • valuable asset as it makes its way onto Interested parties can be named the big screen. under the policy as additional insureds to meet contractual requirements.

Loss Scenarios Why Chubb? About Chubb in Australia

• A writer alleged a production Leadership — Chubb has been Chubb is the world’s largest publicly copied his storyline and sued for committed to protecting organisations traded property and casualty insurer. copyright infringement and with content exposures for over 40 Chubb, via acquisitions by its misappropriation. years. Our expertise allowed us to predecessor companies, has been develop “all risk” coverage. What’s present in Australia for over 50 years. • A well-known celebrity alleged they more, Chubb offers a suite of Its operation in Australia (Chubb were defamed in a feature film that complementary insurance solutions Insurance Australia Limited) provides portrayed them in a negative light. for production companies, including specialised and customised coverages Media Production Insurance, annual include Marine, Property, Liability, • A foreign company alleged a local Film General Liability, as well as Energy, Professional Indemnity, production company Voluntary Workers coverage. Directors & Officers, Financial Lines, misappropriated their name for use Utilities as well as Accident & Health, in a local TV series. The company Protection — The true measure of an for a broad client base, including sued for title infringement. insurer is how well it actually protects many of the country’s largest its customers — that is, how it companies. • A well known artist and responds to and manages claims. We photographer alleged that content strive to treat each customer the way More information can be found at from one of their photographs was we would like to be treated if we www.chubb.com/au used by a movie studio without experienced the same loss — with their consent. They ultimately sued integrity, empathy, promptness, and Contact Us the movie studio for copyright fairness — and to reach mutually infringement and agreeable outcomes. Chubb Insurance Australia Limited misappropriation. ABN: 23 001 642 020 AFSL: 239687 Endurance — Chubb’s financial Grosvenor Place Level 38, 225 George Street • A producer's film was based on a stability and ability to pay claims rate Sydney NSW 2000 bestselling book. The man whose among the best in the insurance O +61 2 9335 3200 life was the subject of the book, industry, as attested by the leading F +61 2 9335 3411 sued the film producer, alleging insurance rating services. www.chubb.com/au that the movie would repeat the defamatory information published Alex Biasi in the book, would place him in the Entertainment Manager, A&NZ same false light, and would disclose Custom Industry Solutions private facts about him. O +61 2 9273 0117 E [email protected]

Chubb. Insured.SM

Insurance cover is issued by Chubb Insurance Australia Limited, ABN 23 001 642 020, AFS Licence Number 239687. This material contains general information only and may not suit your particular circumstances. The precise insurance cover provided is subject to the terms, conditions and exclusions set out in the relevant Product Disclosure Statement (PDS) or General Product Information (GPI) and the insurance policy when issued. Insurance cover may not apply to the extent that trade or economic sanctions or other laws or regulations prohibit Chubb, its parent company or its ultimate controlling entity from providing insurance cover. Chubb is authorised to provide general insurance products. Please obtain and read carefully the relevant insurance policy before deciding to acquire any insurance product. A Policy wording can be obtained through your broker or by contacting any of the Chubb offices. Film Production Errors & Omissions Fact Sheet, Australia. Published 06/2017. ©2017 Chubb Insurance Australia Limited. Chubb®, its logos, and Chubb.Insured.SM are protected trademarks of Chubb. Chubb16-170-0617.