Screentime
Independent Films Feel Squeeze With Covid Insurance Out of Reach
- Major carriers unwilling to assume risk of production shutdown
- ‘Murder at Emigrant Gulch’ is put on hiatus by coverage crisis
Source: Screen Media
This article is for subscribers only.
For independent filmmakers, the Covid-19 pandemic has added a new hurdle to the already challenging task of lining up financing: finding insurance to cover virus-related interruptions.
Lenders are demanding it, and it’s tough to get. So tough, in fact, that independent films have been forced to shut down by the shifting demands of financiers worried that the virus will cause huge losses.