complete movies on a steady basis usually have an E & O insurance policy in place before principal photography begins.
A good rule of thumb to remember is that indie films should have E & O insurance coverage not less than ,000,000 for each claim and ,000,000 aggregate for all claims with a policy deductible no greater than ,000. A good E & O insurance representative can explain the entire process based on your movie’s unique elements.
There are those times an indie film producer realizes the original movie budget did not include a line item expense for E & O insurance or they had no idea that it would be a needed to get their movie sold and distributed. When they step to the table to sign a distribution agreement there is no money to pay for E & O insurance policy.
It’s not the end of the world if you find yourself short on