Film insurance refers to insuring the film against unforeseen incidents like Death, illness of an actor or occurrence of natural calamities or accidental damage leading to delays in the film schedule. It can also include coverage against accidents that damage equipment while shooting is in process.
It also covers Insured against its legal liability to pay Damages for third party civil claims arising out of Bodily Injury or Property Damage caused in the course of the Event by an Accident in the Premises where it is held and during the Policy Period.