Know how Jackie Chan self- insures his films!
Consider action movies with insane stunts. Did the name Jackie Chan come to mind? He frequently choreographs and executes his own stunts. He even holds the Guinness World Record for "Most Stunts Performed by a Living Actor!"
Now, there is an obvious disadvantage to it—the risk of breaking bones, among other things. So, here's the million-dollar question: who insures Jackie Chan's movies? Making movies is a dangerous business. There is the possibility of equipment theft, actors becoming ill, costumes becoming damaged, and so on.
With such tight budgets and schedules, one can imagine the financial consequences of such setbacks. This is where film insurance comes in handy.
If a regular film is fraught with danger, imagine how much more dangerous action films are. The likelihood of the insurer paying out money grows exponentially.
So, who will cover that?
Nobody. That's right, no insurance company will cover Jackie's productions. This came after a number of stuntmen were injured while filming "Police Story." Following that, Chan established the "Stuntmen Association" and began personally training the stunt team. He also self-insures his films and pays all of his stuntmen's medical bills.
Ditto is the strategic insurance partner for The Builders Club
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About The Builders Club :
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We have multiple initiatives and events which we do regularly to help you accelerate your growth and move to the next stage of your startup life cycle.
Know more:
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