We need a fair and reliable way to provide our camera, and lighting and grip rental houses with certificates of insurance. We do not generally need this coverage for more than 2-3 days at a time and maybe 30 days a year total. We're a small house shooting/posting spots and corporate video, working on smaller budgets usually no more than $40k.
Approx. what's the maximum list price dollar value of the equipment you rent at any one time?
Are you individual freelancers (setting your own schedules) or employees working for a "video production company"?
For example, as an individual freelancer who owns/rents up to a max. of $40K worth of gear at one time, it costs me $1,300 total per year to be insured (including an annual WEVA membership and an inexpensive "central" alarm system required by the policy.) The policy covers up to $1M liability and other items (fire, theft, etc.). The agency is William Buell in Ill. and the policy is underwritten by St. Paul/Travelers. In other words, to qualify for this particular policy you have to be a WEVA member and have an alarm. Info on this member benefit is on the WEVA.com website.
SPT issues "co-insured" certificates to rental houses as needed (I don't remember this costing much if anything).
Of course there might be better deals out there; I haven't researched this in a while. Also my understanding is that insurance costs much more for "production companies" which have employees.
I believe there is insurance available which you can purchase as needed for a few days at a time. However I don't know if that is economical if you need coverage for 60-90 days per year. You might find a previous thread on the subject if you search the archives here.
All the best,
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Thanks everyone. I am talking about only the rider and certificates I need when on location using rented 16, 35 and HD gear, plus all the lighting and grip. The "Loss Payee" and "Additional Insured" stuff. We have our own insuraqnce for the gear we own, but those policies do not cover rented gear. the http://www.gearinsurance.com people look like a good fit.
If you already have insurance on your own gear, it's a simple matter to add a rental equipment floater. I carry a $100000 add'l rental insurance and pay about 1% or $1000 per year. If you rent thirty days a year that only a bout $33 per day, very reasonable!