Production Public Liability insurance New Zealand
Production public liability insurance definition: In New Zealand Production public liability insurance provides cover against third party liability claims arising due to business activities by companies and individuals involved in creative industry, such as filmmakers, sound producers and DJ, musicians, wedding celebrants, show performers, birthday parties crews (such as clowns, MCs) funeral celebrants and even caterers.
Let’s look at the anatomy of
Production public liability insurance:
it would normally consist of and not limited to:
- Public Liability Insurance – the policy which covers you from third party claims. Examples of claims below.
- Employer’s liability insurance-this policy would provide you with cover for or from claims arising due to your liabilities to your employers or contractors (contractors by law seen as employees unless there is a specific contract outlining limits of your liability to contractors). If in your business you never employ people and do not use contractors there is no need for you to have employers liability. However often a New Zealand insurance company would offer a bundled product which would be cheaper with three policies (PL+ EL + SL) to compare to public liability insurance.
- Statutory Liability insurance – this type of insurance covers you against claims from the government or Crown.
The above policies in New Zealand can often be bundled by the insurer and called “Broadform Liability insurance”.
Light commercial / rural
Industrial / heavy commercial
The bundled policy can serve as Production public liability insurance
It is important to understand that for your production business your equipment should be insured under Material Damage insurance policy. It is advisable to request a specified clarification from your insurer about how your insured equipment is actually insured: for instance in the event of a claim under “material damage insurance” would the cost of the equipment be reinstated (paid to you) at depreciated value meaning for instance your camera is two years old and your accountant was using two years depreciation table which means that your camera value is “0” (Zero) or would that camera be repaid on replaced policy definition – meaning you are simply going to get a new camera minus the excess.
If your business normally performs using $1,000,000 Public liability insurance and for a specific job or set you need to have a higher level of cover you can always increase it for the specific dates or period of time.
Important point to discuss is that often your $1,000,000 Public liability insurance would cost you more or slightly less to compare to a bundled “Broadform liability insurance”.
I would recommend you to enquire about required limits of Public liability insurance you need for the specific set or venue. Example how it can look like:
Your company is hired to shoot a series of business related videos about AMP – first question for you to ask is:
- What is the limit of Public Liability Insurance AMP requires your company to carry while you are going to shoot the videos?
- Should the cover required include immediate area (the room you going to film) or is that just a standard Public liability insurance without any specific add-ons?
Please note – by asking these questions you are going to:
- Insure that the cover you are going to have for the shoot is exactly as expected by the contracting company.
- You are going to show that you are the professional who cares and most importantly knows how Production public liability insurance works.
Second example, I would like to use here is going to make you think about a bigger picture if you are a wedding celebrant or a photographer: Let’s say you are hired to perform at a wedding. The weeding is going to take place in a very up market winery. Same questions as above should apply.
Think about what if one of your power cords starts a fire? I mean majority of my builders clients who have public liability insurance would have their power extension cords checked every three months as required – what about your photographer’ business do you have the similar processes in place? Or if you work as a wedding celebrant and due to one hard to explain reason your assistant sets off fire sprinklers causing total chaos, ruining the wedding and causing injuries to people in panic. Question would your existing production public liability insurance cover you?
Keep in mind in New Zealand Production public liability insurance is very different to what is offered in the USA and covers a lot more on the top of very low insurance premiums to compare to the United States, so if you are planning to film in New Zealand you might be better off by getting a local insurance policy for your crew.
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If you have questions about your production public liability insurance please get in touch with my office and I look forward to help you.