With the Covid-19 pandemic and subsequent lockdown affecting many industries, we are taking a closer look at the impact felt by the TV and Film production and Events sectors.
The UK lockdown has caused a drastic change for both sectors, with each facing different challenges both now and in the future. In the TV and Film production industry, we’ve seen a major impact on soaps, talent shows, and films – with many movie release dates indefinitely delayed. Even with productions that have resumed filming, some actors are now required to do their own make-up and camera angles are being used create the illusion of proximity while maintaining social distancing rules.
Meanwhile, the impact on the physical Events sector has been even more tangible – with musical festivals, major sporting events, and industry exhibitions cancelled. Even as venues begin to reopen, social distancing restrictions along with new health and safety measures look set to have a lasting effect on the recovering industry.
With the threat of the pandemic far from over, we must expect that any easing of restrictions could be paused with little notice; as such, the new normal for TV and film production, and live events will have to evolve with new necessary practices in place, which may remain long after Covid-19.
Watch our special webcast on the topic with Ros Breese - our Media, Film & TV Underwriting Manager Professional Risks and Stuart Wolstenholme, our Media, Property & Liability Underwiring Manager Professional Risks, facilitated by our host Ant Gould.
If you have clients within the TV and Film or Events sectors, have you discussed with them how changing practices may affect their level of cover? And what new risks they may face? Our specialist team is available to answer any questions you may have on how TMHCC insures production and event management companies, and the risk management solutions we can offer to protect your clients.
This is the third in our 4-part series on Media insurance. Click here to catch up on part 2 – where we explored the insurable risks that social media influencers face, during our podcast with a panel of industry experts.