Understanding Errors and Omissions Insurance for Film
Whenever a film is prepared for distribution there is almost certain to be a request for errors and omissions insurance. Film projects are generally backed by this coverage as a means of covering potential liabilities. Which may arise out of plagiarism, breach of contract, or some other issue. Say you’re new to the idea of distributing a film. Or this is the first time that you’ve entered the phase of post-production distribution in which errors and omissions insurance for a film has been requested? You’re probably going to have a lot of questions.
At Beverly Boy Productions, we’ve got more than two decades of experience in the production, and distribution, of films and videos of various styles and types. To assist you in understanding how errors and omissions insurance works, we’ve put together this guide.
How E&O Works
Errors and Omissions insurance provides liability protections in the event that accusations are brought forth for plagiarism. Or for other stealing of intellectual property rights. These kinds of lawsuits come up quite frequently for those in the film industry.
Which is why special coverage for the protection from an attorney. And the to cover the legal fees associated with the expenses involved in protecting filmmakers from these accusations are backed by Errors and Omissions Insurance.
When is Errors & Omissions Insurance for Film Required?
If you’ve not been required to obtain Errors and Omissions insurance for film yet, there’s a good chance you will.
Typically, when a film is prepared for distribution the producer will be required to obtain errors and omissions insurance.
This is in order to provide proper protections against the risk or potential of copyright infringement. Or other legal issues pertaining to the intellectual property rights that go along with a film.
Title Report
A Title Report will generally be ordered. Upon reviewing the title report, a determination as to whether the film has a “clean chain of title” will be made.
The Errors and Omissions Insurance will provide protections. In the event that any instances of the clean chain of title are overlooked.
Or in the event that any future accusations are made against those involved in the film production. Or distribution for the stealing of intellectual property or other matters.
The Distributor
Ultimately, whether or not Errors and Omissions insurance for film is going to be required will depend usually on the distributor.
Most of the time, a distribution company, agency, or individual distributor will require that the producer, production company or others involved in the film creation obtain errors and omissions insurance for the film.
So as to provide the appropriate legal protections from any potential accusations that could arise. Unfortunately, accusations like this can, and do, arise frequently.
But with the protection of an E&O policy, the legal fees and associated coverage of an attorney that specializes in entertainment law are covered.
