Estimated Annual Gross Production Cost
All costs, including overhead, chargeable directly to the production stated at the time of declaration of an insured production or series of productions. The following costs are not included: story, scenario, music rights, sound rights, royalties, residuals, continuity, premiums paid for the insurance, interest on loans and taxes.
Commercial General Liability
Third-Party Liability covers payments the insured will become legally obligated to pay as a result of Bodily Injury or Property Damage arising out of an occurrence during filming activities, live events or performances.
Inland Marine Coverage
Inland Marine describes coverage for property such as Rented Equipment, Owned Equipment, Props, Sets, Wardrobes, etc.
Third Party Property Damage
Provides coverage for damage or destruction of the shooting location.
For more insurance terms click here.