Production Equipment Insurance

What types of equipment can be insured through production equipment policies?

Depending on a policy’s terms, production gear insurance covers a wide spectrum of gear. Coverage may extend to:

• Sound systems (e.g., amplifiers, mixers, speakers)
• Lighting rigs (e.g., LED panels, spotlights, controllers)
• Broadcasting tools (e.g., cameras, microphones, consoles)
• Staging equipment (e.g., platforms, backdrops, props)
• Electrical devices (e.g., cables, connectors, power distribution units)
• Miscellaneous gear (e.g., fog machines, projectors)

An insurance agent who specializes in production gear policies can go over what a specific policy would cover in more detail.

What risks do production gear insurance policies protect against?

Production gear insurance policies can protect against several perils that could result in substantial to or loss of gear. For example, a policy may cover the following risks:

• Fire
• Theft
• Vandalism
• Weather-related damage (e.g., flood, lightning)
• Accidental damage
• In-transit damage

Whether accidental damage and in-transit damage are covered depends on the terms of a policy. It’s particularly important to check for these if equipment is regularly taken from one venue to another, but every organization needing this insurance should consider the coverages. 

What's the difference between scheduled and unscheduled coverages?

Production equipment policies often come with both scheduled and unscheduled limits:

• Scheduled limits normally cover more valuable equipment, with each piece individually listed and valued on the policy's "schedule."
• Unscheduled limits normally cover less costly items, providing blanket protection without listing each item individually.

A knowledgeable insurance agent can further explain the two limits, and review both any scheduled and any unscheduled limit a policy has.

Do production equipment policies cover equipment when it's off-site?

Some policies do provide coverage for equipment when it's off-site, such as during transportation or when at a different venue. Other policies may not offer sufficient coverage when equipment is off-site, though.

Organizations that frequently use equipment at different venues should make sure their chosen policy covers transportation and off-site. Again, this is something a knowledgeable agent can assist with.

How much does it cost to insure production equipment?

The premiums charged for production gear policies vary depending on the equipment’s value, how it’s used, how long a policy is, and other details. A custom quote, which is adjusted for a particular organization's needs, will show how much an organization’s production gear premiums will be.

Questions? Send us an inquiry or email us directly