Film Completion Bonds
As independent film and local productions continue to cater for a growing audience, the need for an insurer who understands everything that goes on behind the scenes has become a necessity to success. If you have an invested interest in a film, you need cover with an insurer who plays a leading role in the industry.
FOR BOND APPLICATIONS, PLEASE VISIT THE FILM GUARANTORS APP
Why get your Film Completion Bonds covered by iTOO?
Expertise and service that always gets applauded.
This specialised cover is designed to protect investors or companies with a financial interest in a film – from individual investors to banks and film distributors. At iTOO, our Film Completion Bond acts as a contract that guarantees a motion picture or TV production will be produced, completed and delivered according to an agreed deadline and without further funding requests.
With iTOO’s Film Completion Bond you are assured of:
- The Producers completing and delivering the film in accordance with the screenplay, budget and schedule which you as a financier have approved.
- The Guarantor completing and delivering the film in accordance with the script and schedule.
- The guarantor fully repaying all sums invested in the film by the bank or financiers, should the production be abandoned.
We are different
At iTOO our team is made up of professionals from the film industry, which means you can access more than technical knowledge, but an in-depth and firsthand understanding of how the industry works. Our specialists are up to date with the latest developments across the board and have valuable insights and advice to offer. With iTOO you can be assured that no detail is ever missed, as we act as both the Bond Company and the Underwriter. Our team is based in Johannesburg, which means quick decision making, localised premiums and no long-distance calls – it’s service that puts you in the director’s chair, every step of the way.
There are enough tales of woe to serve as warnings of what can happen when producers run out of money or fall out with each other. A famous example is Terry Gilliam’s The Man Who Killed Don Quixote, the troubled production that is chronicled in Keith Fulton and Louis Pepe’s documentary Lost In La Mancha. Don Quixote was bonded by Fred Milstein’s cineFinance.
Gilliam’s The Adventures Of Baron Munchausen was also a troubled production, bonded by Film Finances, budgeted at $23m but which reportedly cost twice that figure. Film Finances took one of its biggest ever hits but survived the setback.
You’re in the hands of an expert so you can always be assured of professionalism, quick turnaround times and world-class technical knowledge. We’ll keep you in the loop every step of the way. Simply send us an email detailing your claim and our claims department will contact you for specific details.