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Monday, June 01, 2020
Financing Independent Films With No COVID-19 Insurance Coverage
www.forbes.com: We are entering a brave new world where insurance companies and completion guarantors are expressly excluding any COVID-19 issues from coverage of film production, which means that either someone else takes this risk or the film doesn’t get made. Before analyzing the potential solution, we first need to address a dirty little secret regarding completion bonds, which is that they are useless to whoever is taking the performance risk on the film.
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