Film producers and event management companies regularly protect themselves with special insurance policies against financial risks that may arise from the fact that events or projects cannot be carried out as planned. Such event cancellation policies are frequently taken out to protect against financial losses in the field of concert events and festivals, theatre performances and TV events, sporting events, trade fairs, and film and TV productions. The reasons an insured risk could be realised are manifold; force majeure or absence of artists or actors due to illness are typical examples. The insurance conditions in this insurance class are just as varied, as policyholders often call upon specialised insurance brokers who have drafted their own terms and conditions. The Covid-19 pandemic recently made it clear how severely the event industry as a whole can be affected.
BLD has the necessary expertise to successfully advise insurers on the diverse case scenarios involving legal, economic and cultural implications. Our advice, geared to the needs of the insurance industry, begins with support in product design and further development. Here, our focus is on the formulation of comprehensible and legally secure contractual provisions. In the event of a claim, we offer solution-oriented and effective monitoring to ensure that the individual case is dealt with appropriately. Here, our focus is on the careful recording of the facts and the interpretation of the conditions for insurance. If the claims involve a foreign entity, we consult qualified colleagues from our international lawyers’ association, Legalign Global. In the event that differences of opinion are (or have to be) settled by litigation, our many years of experience help us to represent you in court proceedings efficiently and effectively from a strategic point of view. We are also happy to support you in recourse against liable third parties.
