Ironshore International has created a new specialty product targeting film producers on location in volatile parts of the world.
The Bermuda-based specialty insurer’s new Political Risk product protects film producers against loss and/or damage of equipment and property caused by acts of foreign governments while filming in at-risk locations. Coverage includes equipment, props, wardrobe and other production materials for loss due to abandonment, deprivation, expropriation and license cancellation, Ironshore said in a statement.
Ironshore will offer the Political Risk film production insurance within its War and Terrorism platform to provide film producers with comprehensive coverage of loss related to confiscation and various political violence perils. The insurance is underwritten through Ironshore International’s Pembroke Lloyd’s Syndicate 4000 in London.