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A movie company balked at the request of its lead actor to fly his
own plane home from location during breaks in the production’s
shooting schedule. Their existing cast insurance only covered talent
while traveling on a regularly scheduled airline service. HCC Specialty
Underwriters was
brought in to provide Contingent Personal Accident Coverage to
the film company. Our policy assumed the risk of the death, injury
or
illness of the actor resulting in loss of irrecoverable expenses
to recast or re-shoot the production. Flexibility in designing
the
coverage was the key to addressing the specific needs of the client.
The actor saw his family a lot more, and the executive producer
could sleep at night.
In 2001 Horse of Troy Productions, Inc., the production company
which represents Garth Brooks, chose to protect scheduled concert
dates by incorporating HCCSU's event cancellation and non-appearance
insurance. If any of the three scheduled concerts had been cancelled
for reasons beyond their control, including Garth Brooks inability
to appear, they would have been able to collect the TV monies lost
because of this unique coverage. As planned, all three of these
concerts took place in 2001 and were broadcast live on major TV
network.
When a record company’s success was tied to the good standing
of a celebrity spokesperson, the risks became scary. HCCSU’s
Image Protection cover (otherwise known as Death and Disgrace) assumed
the risk of the high-profile artist’s behavior negatively impacting
the company’s bottom line. Some key risks where the cost of
production, potential recall of the product, legal expenses and
commercial production costs. All of these costs and other irrecoverable
expense can be protected with our Image Protection insurance program.
There is no question that celebrity has its price. When that price
involves extortion, kidnapping and ransom, the darker realities
of our world are brought into sharp focus. When a world renown entertainer
recently became a parent, he decided to protect himself and those
closest to him with a Kidnap/Ransom and Extortion policy. The policy
provides reimbursement for monies surrendered as either a ransom
or extortion payment and extends to all relatives and guests of
the entertainer, including his business manager. HCCSU can help arrange
coverage to protect high-profile individuals with our sister company,
PIA.
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