Did you know that insurance premiums range from 1% to 4% of a movie’s budget? In fact $200 million dollars (approximately €186 million euro) is spent on insurance policies in Hollywood annually. Producers take on the financial risks of a movie and sickness, injury, or death, slows down or shuts down a production.
When this happens, halting production costs up to $250,000 dollars (€232,000 euro approximately) in losses per day for a big-budget film. For an action-packed franchise, this can cost even more. Have a look at our infographic below for an illustrated view.
C & E Freeman Ltd trading as The Mortgage Shop, Easy Life Cover, TMS Financial Services is regulated by the Central Bank of Ireland.
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