There's a lot of risk in movies. We don't mean movies about risk and insurance, though there are a few pretty solid options in that genre ("Double Indemnity," "The Thomas Crown Affair," "Along Came Polly," "The Apartment," "Cedar Rapids" — even Mr. Incredible does a short stint at an insurance firm).
We're talking about movies with big production risks — which don't always pay off. A typical Hollywood movie requires a host of coverages, including general liability, property and inland marine, auto, workers' compensation, even data and cybersecurity.
Film producers have to make sure that they have coverage for more industry-specific elements like props and sets, film and video protection, cast insurance and third-party property damage. This means that underwriters get early access to scripts and budgets, but they also have the difficult task of writing policies for employees (a cast) that live unconventional lifestyles, using highly technical equipment in rough locations, and all the one-off risks that come with dropping cars out of an airplane or creating a replica of a portion of the tallest building in the world.
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