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Bond Bind: Indie Film Ecosystem At Risk With No COVID Insurance, And Solutions Far Off

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deadline.com

Jill Goldsmith A restart for film and television is bearing down but looming uncertainty around COVID-19 insurance has the business on edge.Pandemic insurance disappeared in March.

Three months later there’s still no viable alternative to put many independent producers back on a path to completion bond backed financing.

It’s pressing, as interrupted productions restart mostly covered by preexisting insurance, while new projects may remain in limbo.“Right now there is no insurance for [COVID] at all, at any price,” said Steven Ransohoff, CEO of Film Finances, at a recent panel hosted by Cinetic Media.

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