Filmmakers can now protect themselves and insure the tax incentive/rebate that they expect to earn on their film or television production.
(1888PressRelease) January 19, 2009 - Bob Jellen has played a leading role in Hollywood for many years insuring the studios and independent film and television producers. He has developed Tax Incentive Insurance so filmmakers can now protect themselves and insure the tax incentive/rebate that they expect to earn on their film or television production.
Tax Incentives have become a significant part of film budgets with many states offering tax incentives/rebates of up to 42%. Producers can now be covered in the event they suffer a loss and fail to qualify or receive the state tax incentive/rebate as a result of bankruptcy, insolvency or repudiation of a states financial obligation, damage to sets, property, locations or equipment.
Perils insured are very broad and even protect producers for losses caused by fire, windstorm, hurricane, flood, earthquake or death or disability of cast or crew.