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
https://home.hollardfg.co.za/

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.

Film Completion Bonds Contacts

FAQs

How much is a bond?

Our solutions are customised so there is not a one size fits all bond fee. It depends on the complexity of the production, the budget itself, the contingency, the experience of the team and the amount of special effects, amongst other factors. As a guide, you can work on 2%-2, 5%.

Which parties require that I have a Completion Bond in place?

  • Investors, so that the risk of running over budget is eliminated.
  • Banks, who require predictable cash flow, tax rebates and pre-sales.
  • Sales agents who spend money publicising films at festivals and markets whilst films are in production.
  • Broadcasters and distributors who make advance payments during the course of a production.

Anyone who provides cash, goods or services prior to the completion and delivery of the film is at risk. In our experience, co-productions between two or more countries / companies would always require a Completion Guarantee to be attached to their project.