Tax Incentive Insurance for Filmmakers

Tax Incentives have become a significant part of film budgets with many states and countries offering generous tax incentives of up to 40% of production costs for productions filmed in their state or country. Producers can now protect themselves and purchase insurance coverage in the event they suffer a loss and fail to qualify or receive the tax incentive/rebate.

Bob Jellen has played a leading role in Hollywood for many years providing insurance for the major studios and independent film and television production companies. Bob Jellen, President of Entertainment Insurance Consultants, Inc. recently developed Tax Incentive Insurance so producers can now insure the tax incentive/rebate that they expect to earn on their film or television production.

Filmmakers can be covered in the event of damage to sets, property, locations, or facilities, hurricane, flood, earthquake, epidemic, or death or disability of cast or crew which prevents them from completing their required filming in a state or country. They can also be covered in the event of bankruptcy, insolvency or repudiation of a state or countries financial obligation with respect to the tax incentive/credit.

For additional information: http://www.filmtaxincentives.biz