Janet Morrissey took a look at the costs of insuring a Hollywood production. Highlights include:

• An insurance company called the Fireman’s Fund dominates the industry with up to 85% of major Hollywood productions being covered by the company, as well as the majority of reality shows and top Billboard music artists.
• Insurance can cost up to 4% of the movie’s total production cost.
• The company insures against the risk of injuries or illness to lead characters. This can cost up to $250,000 a day.
• Even movies with Lindsay Lohan can be insured – at a price.

To read more about how a bear affected the insurance for The Hunger Games series, the most expensive claim that a movie production has made, and what Robert Downey Jr. tells us about the industry, click here.

Source: The New York Times

Via: Marginal Revolution