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Each production involves unpredictable factors which cannot be covered by traditional film insurance, namely commercial risks which have to be covered in the interests of producers and financing partners.
The completion bond covers the investments – except against a possible flop at the box office.
The completion bond gives financiers and producers of a cinema or TV production a guarantee that the project will be completed in any case, or the investor will recover the cash he has invested if the production has to be abandoned. The completion bond also covers possible budget overruns.
More can be discovered about the benefits of the completion bonds in the “Detailed information” document and in our “Completion bond” checklist which can be downloaded on this page.
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