Entertainment insurance

What is entertainment insurance? 

Entertainment insurance is a special type of protection for people and companies working in the entertainment industry. This insurance offers security from risks such as:  

• event cancellations 
• set injuries 
• equipment damage 
• natural disasters affecting operations 
• liability claims and more 

The entertainment insurance market for grew to nearly $4 billion in 2024. This growth stems from increased film and TV production, a resurgence in live events, and greater focus on risk management.  

During the 2024 Calgary Stampede, proper insurance showed its value. Severe weather caused delays and damage, but the coverage handled costs and kept the event running.  

Canada’s long history in entertainment, from Indigenous storytelling to famous festivals, also highlight how important this industry is to its culture. 

Entertainment insurance: industry trends and emerging risks 

This area of insurance is recovering as productions and events grow after pandemic losses. Insurers are targeting eco-friendly options to meet the demand for sustainability.  

New concerns are also influencing entertainment insurance requirements for clients, insurers, and brokers: 

• COVID-19 recovery: economic pressures, sustainability demands, and tech changes reshape risks and insurance needs after the pandemic 
• safety compliance: insurers focus on stricter safety rules to prevent on-set accident claims 
• AI risks: there is an increasing errors and omissions risks as generative AI brings legal and ethical challenges 

The hardening insurance market means higher premiums and stricter risk management for public events. Brokers should help clients plan early and implement strong safety measures to secure entertainment insurance coverage. 

Entertainment insurance FAQs 

What insurance do you need for filming? 

When filming in Canada, securing appropriate entertainment insurance is essential to protect from various hazards. A comprehensive film production insurance policy usually includes coverage for:  

• equipment 
• locations 
• potential liabilities 

For instance, the City of Vancouver mandates a minimum of $5 million in commercial general liability (CLG) insurance for filming permits. 

Do content creators need liability insurance? 

Yes, they should because it protects against threats like defamation, copyright issues, and contract disputes. 

How does insurance protect filming equipment? 

Entertainment insurance for filming equipment covers loss, theft, or damage to owned or rented gear. This makes sure that production can continue without major financial setbacks due to equipment issues. 

How much does film insurance cost? 

Typically, annual commercial general liability policies range from $1,200 to $2,000. The actual cost varies based on factors like production size, type, and risk level. 

Short-term productions can get coverage for specific periods, with premiums adjusted accordingly. 

Can you fund your own movie? 

Yes, self-funding a film is possible. It is vital to include insurance in the budget to safeguard against unforeseen dangers. Neglecting insurance can lead to financial losses. 

What is production package insurance? 

Production package insurance is a policy for film and media productions. It covers property damage, equipment loss, and general liability, ensuring smoother production operations. 

Who needs entertainment insurance coverage? 

This insurance is critical for many professionals and organizations within the entertainment industry, including: 

• event organizers: for concerts, festivals, and public events 
• performers: musicians, actors, and entertainers on tours 
• production companies: film, TV, and media projects 
• venue operators: theaters, arenas, and entertainment spaces 
• freelancers: videographers, photographers, and crew members 
• animal handlers: for performances and exhibitions 
• amusement facilities: parks, casinos, and recreation centers 
• museums: protects exhibits and visitors 

Each faces unique risks that require personalized entertainment insurance coverage. 

How does entertainment insurance help protect clients? 

Entertainment insurance helps clients deal with unexpected problems in their projects and events. It covers situations like canceled concerts, broken equipment, or legal issues. This safety net guarantees that clients can stay focused on creating amazing experiences. 

Examples of entertainment insurance in action 

• covers delays: helps pay costs if filming is delayed because equipment breaks or weather stops production 
• event cancellations: covers lost income and expenses when events like concerts, festivals, or live shows are canceled due to bad weather or other issues 
• liability claims: covers legal fees and damages if someone gets injured or property is damaged during an event or production 
• property protection: pays for repairs or replacements if expensive cameras, sound equipment, or sets are stolen or damaged 
• financial support: gives clients the confidence to manage surprises, from last-minute venue changes to possible production setbacks 

In Canada, entertainment insurance allows clients to handle the unexpected while keeping their creative projects moving. It protects their hard work and makes sure they can keep delivering memorable events and productions.