Movie production is a high-stakes business. Equipment worth crores, star cast contracts, elaborate sets and months of production can be wiped out by a single unforeseen event. That's where movie insurance comes in.
Why Movie Insurance is Non-Negotiable
India's film industry produces over 1,500 films annually across languages. With production budgets ranging from ₹50 lakhs to ₹500+ crores, the financial exposure without insurance is enormous.
Core Components of Movie Insurance
Cast Insurance
Covers financial losses when a key cast member is unable to perform due to death, accident or illness. This could mean reshoots, production delays or complete abandonment.
Equipment & Props Coverage
Cameras, lighting rigs, specialized equipment and elaborate props represent significant capital. Comprehensive coverage protects against theft, accidental damage and breakdown.
Production Liability
Covers third-party bodily injury or property damage during shoots. Mandatory for most prestigious production houses and OTT platforms.
Errors & Omissions (E&O)
Covers content-related legal claims — copyright infringement, defamation, unauthorized use of real events, etc. Critical for distribution and streaming.
Production Abandonment
If production is forced to stop permanently due to an insured event, this coverage compensates the production company for incurred costs.
OTT Productions
With the rise of streaming platforms, OTT productions now account for a large portion of Indian content. We've developed specialized products for web series, digital films and branded content.
When to Buy
Ideally at pre-production, before signing any cast or crew contracts. The earlier you buy, the broader the coverage.
VIRAM has been India's trusted partner for entertainment insurance for over 15 years. Contact us to design a custom production insurance package.