Public liability insurance and completion

Public liability insurance: a show that will have to pay a lot of public liability insurance would be Jeremy Kyle. This would be due to the risk of fighting and verbal abuse. Jeremy Kyle constantly interrogates awkward family feuds or situation which are ready to explode whether this be between a boyfriend coming face to face with the man his girlfriend has had an affair with. Constantly there is arguing an more often than not a fight which is intervened by a number of security guards.  With the constant risk of fighting on television in front of a live audience will be a risk and will need to be covered. This will be covered by public liability insurance.

Completion insurance is an insurance taken out by a show, series or film when making the program or film. When a film is being made many things can go wrong and with a release date they have to take out insurance to protect them if it is not made. The show not being delivered to the paying company will result in  sewing the show or charging them for huge losses. Depending on the size of the product depends on the price of insurance, it will be done through a risk assessment for example a huge film like Skyfall will cost a large amount of money due to the anticipation and high expectation, the failure of producing this film would reflect badly and internationally known leading more work and money needed to sort things making the insurance very expensive. An example of this happening is the fire of pinewood studios where James Bond and Harry Potter. Earlier this year during the progress of skyfall being filmed the studio was set on fire. The stage had been transformed into a replica Venice where the film, with a reported budget of £39m ($72m), is partly based. With such a high budget the insurance would be a lot more than most other things. The damage would then be assessed and the damage would the be paid back to the production team.