Ironshore announces ‘political risk’ coverage for filmmakers

The company’s new product covers loss or damage for filmmakers who are shooting in risky parts of the world

Insurance News

By Ryan Smith

Ironshore International has introduced a new insurance product to protect film producers shooting in at-risk locations.

Ironshore’s Political Risk program is intended to protect film producers against loss or damage of equipment and property caused by acts of foreign governments while films are shooting on location, according to a company press release. The policy’s coverage includes equipment, props, wardrobe and other production materials, which are covered for loss due to abandonment, deprivation, expropriation and license cancelation.

The Political Risk film product will be offered within Ironshore’s War on Terrorism platform to provide filmmakers with protection for loss related to “various political violence perils,” according to the release.

“Film production is an industry that reaches into every corner of the world, thus exposing companies to the potential for significant loss from acts of foreign governments,” said James Dover, senior vice president, War & Sabotage. “Ironshore’s specialty product for this complex industry risk combines political risk with war and terrorism coverage to protect producers filming in territories with a history of uncertainty and turmoil.”

The program offers structured, international policy protection for in-country or cross-border exposure to government actions and “political risk events,” according to Ironshore.

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