If you are planning to create a movie, you have to make sure that all the required aspects are set during the early production process. And one of the most important aspects is money or the budget because this will be the one that will get the whole process going. The budget will umbrella to all of the aspects that are involved in filming that is why you need to have this planned ahead of time and if you don’t have enough, you need to know what are your possible options. And one of which is to hire a film insurance company in Australia before the production process will begin.
Hiring a film insurance company in Australia is one way of making sure that there will be no problem during the whole filming process that will not be given solution immediately. And here are the following purposes of film insurance:
• Short in Budget. You can’t ignore the fact that there is a tendency that the budget that you have on-hand for the filming of your movie project will be short or not enough due to unprecedented expenses. Budget shortage will surely be a big problem for the whole process of filming because this might be the reason why it will be postponed for a long time. For example, you already have a fixed location for specific scenes of the movie, but suddenly, that location is no longer available due to problems such as natural calamities. And you have to make sure that those scenes will be filmed immediately, then, you decided to just look for another location and have those scenes filmed there. This would mean that this will become an additional expense to the production, but with the help of film insurance in Australia, you don’t have to worry about this because they will immediately take care of the finances.
• Technical Equipment Insurance. The technical equipment that will be used during the whole process might get damaged, destroyed, or not function properly, but you have to use it for the whole process such as a video camera. This situation will surely put your filming into a hold because that equipment can no longer be used. But that should not postpone the filming of your movie because the film insurance that you hired can finance the repair and replacement of those broken technical equipment and continue filming the remaining scenes.
• Casts and Crew’s Safety. Since most of your budget is allotted for the production of the film, there will surely be a budget for the safety of all people who will be part of the film may it be on or off-screen. But if there will be consecutive accidents and injuries that will happen on the set, your budget will surely lower down until you will have nothing to pay for their hospital bills and medications. But film insurance is the one that can assist you with this matter because they will get that responsibility on your behalf so that you can focus on finishing the film.
• Talent Fees and Salaries. This aspect is very important so that your casts and crew will become more dedicated with their specific tasks and this is why they should be given the right amount of money for their respective talent fees and salaries. Since the film is still not finished and not earning, the film insurance can pay for all of the talent fees and salaries of all the people involved in the production and filming process.
There is no doubt that when you are filming in Australia, you should hire and get a film insurance company to help you with the finances of your movie project. But you have to be very critical on which film insurance company in Australia that you will hire so that you will not be taken advantage.