How a Producer Can Reduce Financial Losses During Filming?
Hello!
Today our #MondayBlog is very special, because we are going to share some secrets that are worth gold!
If you work with audiovisual, or even with event organization, we advise you to read this post carefully, as we will teach you how to reduce your financial risks from an insurance point of view, of course.
But by following these tips, another guaranteed result will be a more organized film set, a well-adjusted crew, an informed and collaborative cast, and a balance in the responsibilities of all parties involved in your project.
Curious? So let's get to the tips.
Mitigate with insurance
Let's start with the obvious, if you want to mitigate or reduce your financial risk, the first thing you need to do is buy insurance that meets your needs. Hiring inefficient insurance will only bring loss and frustration.
Therefore, you should know your project and the risks inherent to it, and get in touch with Prospecto, as we will help you find the best solution, with no extra expenses and no headache in the future.
For example, if you are going to shoot a simpler project, such as a TV commercial, audiovisual insurance with the necessary basic coverage may be sufficient.
But if your project is a TV series, or a feature film, it may be mandatory to take out E&O insurance.
If we are talking about an event, like a concert, then the insurance should be for events, and so on.
Maintenance
Everything has a certain duration, including electronic equipment.
Rubber wears out, wires peel off, screws get stuck, and so on. So check your gear before shooting, in fact even before you start your project.
Look for rust, wear and tear, change parts and lubricate adjustments. Intrinsic addiction is not covered by most insurance policies in Brazil, so having all your equipment up to date is a way to avoid breakages and confusion when requesting reimbursement in case of a claim.
Focus on Details
If you are going to use any rental material or equipment, don't forget about the above topic and be even more rigorous in your verification.
Are you going to use a scene vehicle? Check everything!
Camera, new lenses, brackets, lights, props? No matter what, check and record the state of each object before starting work. Reserve this information, and if an accident happens, all this care can help to clarify any doubts from the insurer and even prove that everything was in perfect condition before the damage happened.
A good conversation
Your crew and cast need to know how to handle equipment on the job, and if you take 10 minutes to explain simple procedures at the beginning of projects, a veritable ocean of problems caused by misuse will be avoided.
We're not saying this out of preciousness, we're speaking from experience. A microphone was used incorrectly during a film we insured and ended up breaking, causing a loss of R$ 5,000.00.
Did you know that the insurance company does not cover damage caused by malpractice? Do you know in whose pocket this microphone damage fell? From the producer's who didn't explain to the cast how they should use the microphone.
Not everything is your responsibility
Know how to discern what is your responsibility and what is not.
And this goes far beyond knowing how to delegate obligations and demand that each one assume the consequences for mistakes and failures of day-to-day.
Remember that we are talking about money, or rather, about reducing financial losses.
So if you are going to rent equipment, or are you going to borrow something. Make sure that the damage that actually happened is your responsibility and not something that was already about to happen.
In the case of rental, it would be interesting to find out if the equipment to be used by your production does not already have an annual insurance policy. If possible, request a copy of the policy from your supplier.
And if it is borrowed, it is good that you have some document saying so, between the parties, agreeing to the use of the asset during filming and establishing limits of liability. For example, let's say you borrow a cell phone from someone on your team to film a scene. The same day later, that person is robbed while going home and they took the cell phone.
Just because this euipment was used in a scene doesn't mean it's an official part of the production and there won't be insurance coverage for it, because it doesn't make sense.
The cell phone belongs to Paulo, not the producer company, who was stolen was Paulo and not the production.
What did you think of our tips?
They may seem obvious, but we see so many accidents that could be avoided and so many financial losses that could have been easily mitigated, following these 05 simple tips that we just had to shared this with you.
I hope our post today helps you a lot in the future and don't forget!
Are you going to film? Count on Prospecto!
We look forward to seeing you on our next #MondayBlog.
Prospecto Seguros
Learn more:
Audiovisual Production
Errors and Omissions
Equipments
Drones
Life and Personal Accidents