Grip Insurance

Grip Insurance

Get a Solid Grip:
SFIC Grip Insurance Protects Your Production!

Pointers for Starting Grip Insurance :

What is Grip Insurance ??

Grip insurance is a specialised type of insurance designed for the film and television production industry, covering the grip equipment used to support cameras and lighting. This insurance protects against loss, theft, or damage to grip equipment both on and off set.

Benefits of Grip Insurance

Grip Insurance offer several benefits:

FAQ on Grip Insurance

Find expert answers and clarity on all your Grip Insurance – related questions in our dedicated FAQ section, tailored specifically for our Grip Insurance offerings.

Covers damage, theft, and loss of grip equipment used in film and television production.

It’s not legally mandatory but often required by stakeholders and rental companies.

Yes, policies can be extended to cover equipment during transportation.

Notify your insurer immediately, provide documentation of the damage, and follow their claims process.

Yes, but you need to specify this when setting up your policy.

Factors include the value of insured equipment, the risk environment of production locations, and previous claims history.

Yes, most policies allow for adjustments as your inventory grows or changes.

Some insurers offer discounts for securing equipment or bundling different types of insurance.

Coverage can typically start as soon as the policy is bound and payment is made

Keep an updated inventory of all equipment, assess the replacement costs regularly, and review your coverage annually or after significant purchases.

Types of Grip Insurance :

Why Do You Need Grip Insurance ??

  1. Protect Valuable Assets: Grip equipment is expensive and essential for production; insurance protects this investment.
  2. Mitigate Financial Risk: Ensures that unexpected expenses do not derail a production.
  3. Compliance with Rental Agreements: Many rental agreements require insurance coverage for any rented grip equipment.
  4. Peace of Mind: Allows grip and production crews to focus on their work without worrying about potential financial losses from equipment damage.

How to Choose the Best Grip Insurance ?

Myths About Grip Insurance

 While the premiums can be significant, the cost is relatively minor compared to the potential loss of valuable equipment.

Fact : Even small productions can face significant financial risks from equipment damage.

Fact : Policies typically have exclusions; it’s important to understand these before finalizing coverage.

Fact : All sizes of productions benefit from grip insurance due to the high value and essential nature of grip equipment.

Tax Implications on Grip Insurance

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