4A's Production Wrap-Up Program Presentation. Cheap, broad, streamlined production insurance that is available to ALL 4A's members.

1. 4As Wrap-Up Program
Insurance 101 Presentation

2.  Your Dewitt Stern
 Who is Dewitt Stern? What is a Commercial
Wrap Up Insurance Program?
 Benefits to 4As and its Members
 The Process
 What are the Coverages Provided Under
the Wrap-Up? Rates?
 What are “Special Risks”?
 Causes of Loss / Claims Examples - “When
S*%# happens”
Today’s Agenda

3. Team
Name Title Role
Scott Schachter Senior Vice President Senior Wrap-Up Contact
Tavy Smith
Associate Account
Executive
Day-to-day wrap-up / Special
Risks
Eddie Shaara Assistant Account Day-to-day wrap-up
Jack Buttine Managing Director Senior Relationship Contact
DeWitt Stern

4. A US insurance brokerage firm, with
entertainment focused offices in New York and
Los Angeles, specializing in providing risk advice
and procuring insurance for Advertising
Agencies.
DeWitt Stern – Who We Are?

5. A bespoke program for insuring the agencies live
action, print or digital productions, which
simplifies and improves the insurance
purchasing, cost and administration.
What is a Commercial Wrap-up?

6.  Lower premiums
 Broader = Better coverage
 Continuity of Coverage
 Insurance Expertise/ Risk management
 Ease of administration
*Overall better protection for your clients and
you!*
What Wrap-ups Provide/Benefits

7. 75/25 split
Estimated Annual
GPC
Program
Revenue DeWitt Stern 4A's Service Fee
$10,000,000 $45,000 $33,750 $11,250
$15,000,000 $67,500 $50,625 $16,875
$20,000,000 $90,000 $67,500 $22,500
$25,000,000 $112,500 $84,375 $28,125
Financial Benefit to the 4As

8. Traditional Production Insurance Process/Pricing:
Production companies typically include approximately 3% for insurance in their
production budgets. These costs are either absorbed by you or passed to your clients.
Based on $10,000,000 of Gross Production Costs; total estimated annual production
Insurance Costs: $300,000
Production Wrap-up Program Process/Pricing:
When you have the Wrap-up program, production companies bid net of insurance
because the Wrap-up program provides insurance for the entire process (principal
through post production).
Using the program rates (roughly 2% per $100 GPC) and considering $10,000,000 in
Gross Production Costs, the total estimated annual production insurance costs:
$200,000.
This represents a 33% (or $100,000) savings.
Financial Benefit to Members

9.  Job bid out ‘net’ of insurance;
 You declare production to us via a Declaration
Form;
 Standard coverages are automatic once declared;
 You send in storyboard (if available) with the
budget;
 We work with you/production on stunts, weather,
aviation;
 We present options and pricing for the special risks;
 You/client accept or decline;
 You receive invoices and statements;
 We help negotiate /settle claims (if any)
The Wrap-up Process Workflow

10.  Film Package
 General Liability
 Non-Owned & Hired Automobile
 Foreign Liability (if any)
 Umbrella Liability
 Guild Travel Accident
 Errors & Omissions
Coverages Provided

11. Coverage Snapshot
$5M $5M Negative/Faulty
$2M Producers
Indemnity Coverage
$1M Props, Sets &
Wardrobe
$350K Non-
Guild/Union limit
(while traveling
only)
$1M Third Party
Property Dmg.
$2M $1M Miscellaneous
Equipment
$2M Policy
Aggregate
$2M Policy
Aggregate
$1M Per
Occurrence
$1M Combined
Single Limit Per
Accident
$1M per
Occurrence
$1M Combined Single
Limit Per Accident.
Contingent Coverage
Local Coverage must
be in place per statutory
Ins. Requirements
Production
Package
Domestic
General Liability
Domestic Auto
Liability
Foreign General
Liability
Foreign Contingent
Auto Liability
Errors &
Omissions
Guild Union
Travel Accident
$10M policy
Aggregate per
Accident
Guild/Union limits
per Collective
Bargaining
Agreement
(capped to $1M)
$1M
Umbrella/Excess
Liability applies to
Third Party Property
Damage Only.
$1M Per Claim
$3M Policy
Aggregate
$25K Deductible
$50K Deductible
$10M
Umbrella/Excess
Sub-limit Applies

12. Program Rates Summary
Carrier Line of Coverage Rate (per $100 of GPC)
Berkley
Film Package $0.80
General Liability $0.15
Business Auto $0.15
Umbrella $0.08
Axis
E&O $0.15
Chubb Guild Travel $0.035
RSC Fee $0.45
Total Rate $1.82

13. Covers legal costs (defense costs) and
judgment/award (if any), for an alleged bodily
injury or property damage to a “third party”.
Auto liability triggered when an auto is involved.
Coverage is worldwide
Typically a lawsuit or threat of one
General Liability & Auto Liability

14. Covers legal costs and judgment for bodily injury
or property damage to “third parties”, excess of
the general liability AND automobile liability
coverages.
Umbrella Liability Coverage

15. Pays set amounts of money to union employees
(as established/negotiated by the Union) for
certain types of injuries.
Guild Travel Accident

16. Provides legal liability coverage, including
defense, against claims alleging unauthorized
use of titles, format, ideas, characters, and plots;
plagiarism; and unfair competition. Also
provides coverage for alleged libel, slander, and
defamation of character or invasion of privacy.
This is not coverage for your creative work
product.
Errors & Omissions

17. 1. Negative & Faulty
2. Cameras & Miscellaneous Equipment /
Auto Physical Damage
3. Props, Sets & Wardrobes
4. Property Damage to Location(s)
5. Broad Form Extra Expense (Producer’s
Indemnity)
Film Package

18. Reimburses extra expenditures incurred due to
the loss, damage to or destruction of videotape
stock, raw film stock, recorded videotape,
exposed motion picture film (developed or
undeveloped), working prints, soundtracks and
tapes, software, digital hard drives or any way
data can be recorded or stored by perils other
than Faulty Stock, Faulty Camera or Faulty
Processing (which are insured in the next
section).
Negative Film

19. Reimburses additional costs incurred to reshoot
in the same manner any necessary portion of the
production as a result of damage caused by
faulty raw stock, faulty camera or faulty
processing by the lab. Includes digital as well.
Faulty Stock

20. Provides replacement cost of damaged or
destroyed equipment including cameras and
camera related equipment, sound and lighting
equipment, electrical and mechanical/special
effects, and editing equipment. Coverage also
includes loss of use.
Coverage excludes normal wear and tear or
mysterious disappearance
Miscellaneous Equipment

21. Reimburses leasing company/individual for
comprehensive and collision damage done to a
hired or rented vehicle used in the course of the
insured production, for which the Production
Company has become legally liable. Coverage
also includes loss of use.
Auto Physical Damage

22. Covers values of props, scenery, costumes for
which the Production Company is legally liable
against “all risks” of direct physical loss or
damage. Coverage also includes loss of use.
Props/Sets/Wardrobe

23. Pays for damage to the property of others while
it is in the care, custody or control of the
Production Company, including Loss of Use.
Excludes Miscellaneous Equipment and
Props/Sets/Wardrobe as they are covered
elsewhere. This coverage primarily applies to
Locations.
Third Party Property Damage

24. Reimburses the out-of-pocket expenses incurred
as a result of interruption, postponement or
cancellation of the production due to any reason
beyond your or the production companies
control.
Extra Expense/Producers Indemnity

25.  Non Appearance/Cast
 Power Interruption
 Jewelry, Furs, Fine Art
 Difference in
Conditions
 Animal Mortality
 Talent/Agency Costs
 Expediting Costs to
meet
Air Dates
 Camera Man Error
 Money & Currency
 Confiscation
Coverage
 Props Breakdown
 Strike
 Office Equipment
 Civil Authority
Coverage Extensions

26. Worker’s Compensation
WC is provincially regulated in Canada
Production Companies have to go directly to the
WC Board and determine if they are required to
purchase WC or if they are an exempt class
Coverage NOT Provided

27.  Aircraft/Drones
 Watercraft
 Weather… “Rain”
 Stunts / Precision Driving
 Pyrotechnics
 Animals
 Railroad
 Foreign
 Live Broadcasts
Special Risks
NOT Automatically covered
Production/You need to review these with us and we must get
APPROVAL from the underwriters!
CONTACT
US

28. 1. Production calls or emails the claim info to
MGB Claims, our Third Party Claims
Administrator
2. MGB adjuster gathers info. They will
involve BFL and DS when needed. Large
losses may be handled directly by the
insurance company.
3. Claim is evaluated and paid… (to vendor,
production or agency)
4. Documentation of settlement sent to you
The Wrap-up Claim Process

29. Questions?

30. Thank You!