Theater Rental-Insurance Question at DVinfo.net

Alain Aguilar · January 31st, 2005, 10:40 PM

Hello everyone.

I'm looking into renting a theater space to premiere a film. One of the places that I booked (in New Jersey) is asking for some type of insurance. This needs to cover, bodily injure and materials for a total of two million dollars. If anyone knows what type of insurance and where I can get it for that one day event it would be great.

Thanks

Richard Alvarez · February 1st, 2005, 08:59 AM

Alain,

If you have a regular business insurance policy, ask them about "Off site" insurance. If not, then ask your regular insurance agent. (Home, auto, life, whatever) if they offer "Special Event" insurance. If not, then start calling insurance companies, and asking for special event policies.

Good luck.

Dave Ambrose · February 1st, 2005, 12:32 PM

make sure how much the theater wants the liability cap for. For instance if the theater only requires $100,000 per person don't let you agent sell you a policy for $500,000. Find out if the theater requests a minimum ie. $250,000 for 200 people, if not then get the most feasible policy.

Alain Aguilar · February 1st, 2005, 01:15 PM

I don't have any bussiness insurance. The theater owners want total coverage for 2 millions and that sound like a lot!. Is this something that you need to do with all theaters where you want to display a film?

Richard Alvarez · February 1st, 2005, 01:20 PM

Alain,

I have produced shows in theatres all over the country. Most of them required a one to two million dollar 'special event' liability policy. Sometimes, you can just ask who the theatre's insurance company is, and call them and say - "I am renting the house on such and such date, I need to buy a rider for two million, what's it going to cost?" Frankly, my exprerience has been all over the charts on costs like this. For a single night, it coud be as little as a coulple of hundred, to a thousand or so, so feel free to shop. The reason for calling the theatres usuall insurer is, they see it as 'extra' income. They are already insuring the theatre for use, here's a chance to bump their income with little extra exposure.

We have resident experts on just about every aspect of filmmaking come to this board, but I've never seen a post from an insurance agent. You are going to have to make some calls.

And yes, its normal for a venue of this type to look for blanket liability coverage when renting to a third party. The ammount is always negotiable.

good luck.

Alain Aguilar · February 1st, 2005, 02:14 PM

I just took your adviced and e-mailed the person in charge of rentals. I asked her about their insurance company. I'll see what happens. I just can't afford more than $300 for that one day.

Thanks

Richard Alvarez · February 1st, 2005, 02:39 PM

Alain,
Well at least you know your budget constraints. That will help you decide whether you should shop around, or blow it off.
Let us know what you hear.

January 31st, 2005, 10:40 PM	#1
Alain Aguilar Regular Crew Join Date: Sep 2003 Location: North Bergen Posts: 170	Theater Rental-Insurance Question Hello everyone. I'm looking into renting a theater space to premiere a film. One of the places that I booked (in New Jersey) is asking for some type of insurance. This needs to cover, bodily injure and materials for a total of two million dollars. If anyone knows what type of insurance and where I can get it for that one day event it would be great. Thanks __________________ Alain

February 1st, 2005, 01:15 PM	#4
Alain Aguilar Regular Crew Join Date: Sep 2003 Location: North Bergen Posts: 170	I don't have any bussiness insurance. The theater owners want total coverage for 2 millions and that sound like a lot!. Is this something that you need to do with all theaters where you want to display a film? __________________ Alain

February 1st, 2005, 02:14 PM	#6
Alain Aguilar Regular Crew Join Date: Sep 2003 Location: North Bergen Posts: 170	I just took your adviced and e-mailed the person in charge of rentals. I asked her about their insurance company. I'll see what happens. I just can't afford more than $300 for that one day. Thanks __________________ Alain

February 1st, 2005, 08:59 AM	#2
Richard Alvarez Inner Circle Join Date: Sep 2002 Location: San Mateo, CA Posts: 3,840	Alain, If you have a regular business insurance policy, ask them about "Off site" insurance. If not, then ask your regular insurance agent. (Home, auto, life, whatever) if they offer "Special Event" insurance. If not, then start calling insurance companies, and asking for special event policies. Good luck.

February 1st, 2005, 12:32 PM	#3
Dave Ambrose Regular Crew Join Date: Sep 2004 Location: New York Posts: 28	make sure how much the theater wants the liability cap for. For instance if the theater only requires $100,000 per person don't let you agent sell you a policy for $500,000. Find out if the theater requests a minimum ie. $250,000 for 200 people, if not then get the most feasible policy.

February 1st, 2005, 01:20 PM	#5
Richard Alvarez Inner Circle Join Date: Sep 2002 Location: San Mateo, CA Posts: 3,840	Alain, I have produced shows in theatres all over the country. Most of them required a one to two million dollar 'special event' liability policy. Sometimes, you can just ask who the theatre's insurance company is, and call them and say - "I am renting the house on such and such date, I need to buy a rider for two million, what's it going to cost?" Frankly, my exprerience has been all over the charts on costs like this. For a single night, it coud be as little as a coulple of hundred, to a thousand or so, so feel free to shop. The reason for calling the theatres usuall insurer is, they see it as 'extra' income. They are already insuring the theatre for use, here's a chance to bump their income with little extra exposure. We have resident experts on just about every aspect of filmmaking come to this board, but I've never seen a post from an insurance agent. You are going to have to make some calls. And yes, its normal for a venue of this type to look for blanket liability coverage when renting to a third party. The ammount is always negotiable. good luck.

February 1st, 2005, 02:39 PM	#7
Richard Alvarez Inner Circle Join Date: Sep 2002 Location: San Mateo, CA Posts: 3,840	Alain, Well at least you know your budget constraints. That will help you decide whether you should shop around, or blow it off. Let us know what you hear.