Further, if you sign a contract with a client and their contract says you have to be insured for $1 mil and you hire a freelancer who only has $200,000 insurance and that freelancer causes lots of damage your insurance coverage might not kick in, since that freelancer is not on your policy, and his $200,000 won’t cover the damages so you could be sunk. Depends on how the clients insurance lawyers go after it. You would have to have added a line in the original contract that you are going to hire a freelancer who only has $200,000 of insurance, or get your insurance company to write their name into your policy (not a good option).
Remember that freelancers are not you employees and insurance companies under your coverage will NOT cover them. Lastly, remember that insurance is for worst case scenarios. It is protection, and you must decide how much risk you will take on a production set or bringing freelancers into your offices.
And get the contracts straight. Be sure that you meet the requirements, and your freelancers do too, to be sure a claim won’t trickle down to get you.
Talk to your agent like Steve did.
Rich Rubasch
Tilt Media