Which of the following is a type of insurance coverage commonly required for productions?

• A. Property insurance
• B. Travel insurance
• C. Errors and Omissions (E&O) for IP or chain of title
• D. Homeowners insurance

Answer: (C)

The key idea here is that productions routinely face risk from the rights to use content—scripts, music, footage, trademarks, and other IP. Errors and Omissions coverage for intellectual property or chain of title is designed to protect the producer if a claim arises that rights were misrepresented, not properly cleared, or that someone didn’t truly own what was licensed. This type of insurance covers defense costs, settlements, or damages related to those IP issues, which are central to most productions and are often a condition set by financiers and distributors.

Property insurance, while important for protecting physical gear and sets, doesn’t address ownership or licensing disputes. Travel insurance covers trip-related issues, and homeowners insurance isn’t relevant to production rights. So, IP-related E&O coverage targets the specific production risk that, if mishandled, can derail a project, making it the commonly required option.