The program is underwritten by a national insurance company, which has a Best's Financial Rating of A (Excellent). The program has been in existence for 10 + years and we currently have over 200 participants countrywide. You must be a member of the Steadicam Operators Association / SOA for us to write a policy for you.
The equipment policy is written on a full replacement cost basis (no deduction for depreciation at time of loss) and is worldwide in scope. Please note this program also insures your equipment against Acts of Terrorism as respects the enactment of the Terrorism Risk Insurance Act of 2002. We offer three deductible options of $500, $1,000 or $2,500.
In addition to your scheduled equipment, we cover any equipment you lease or rent from others up to the value of your scheduled equipment or $100,000; whichever is less, at no additional charge.
We also offer rental expense reimbursement coverage for either a $5,000 or $10,000 limit as an option. This coverage will reimburse your rental expense should a covered "loss" to equipment you own make it necessary to rent replacement equipment to continue your normal operations of the work in progress. In conjunction with the rental expense reimbursement coverage, you also receive $5,000 for loss of use coverage should your rental agreement make you responsible for the rental company’s inability to rent the equipment.
General Liability Coverage
The general liability policy is a separately quoted policy from the equipment policy. The basic general liability coverage provides a minimum of $1,000,000 per occurrence and a $2,000,000 aggregate limit of liability. Higher limits are available. This coverage will protect you from third party liability claims (bodily injury/property damage).
Contact Tonya Reaves at 513- 562-1192 for more information