ProSight Specialty Insurance and Aon/Albert G. Ruben are launching a comprehensive completion guarantee to cover all risks associated with the filmmaking.
The companies unveiled the product, dubbed Complete, at the Cannes Film Festival this week. They touted the new product as a method to streamline the traditional insurance and bonding process for a quicker finance closing, tailored to the needs of the entertainment industry.
“Complete will become the lynchpin that holds the independent filmmaking financing and production process together,” said Douglas Turk, CEO of Aon/Albert G. Ruben.
The companies also said that a simplified policy form will help to eliminate claim disputes and address gaps in coverage. They said the new product features competitive composite rates, a consolidated underwriting process and customized deductible program.