22
Jan
Doing a Deal
by Rick Patton
/ 6 Comments
Hey Rick,
Thanks for the thoughtful article. A general question, when you are hired onto a production is it customary for the production company to cover insurance an any rental gear that is used or is that something the contractor's insurance usually covers?
Nice article. Any update on when the book will be released? Who's publishing it?
I could have used you fifteen years ago! I've made every error you mentioned, some twice!
Any tips on how to meet new PM's? I was wishing there was a Production Manager's Ball and I was invited and presented by the Butler and I had just the right tie and suddenly they all wanted to dance with me. It ain't gonna happen.
I'd like to preorder a copy of "Sound Man".
This is one of the most appreciated, useful and necessary aspects for those involved in providing production services on any level. My sincere thanks to
Richard Patton for provding the article and a specific example that can serve as a useful tool to conduct business in a professional manner. I agree with his advice and would encourge everyone in the production community to use a deal memo or service agreement.
When you get it in writing, you illiminate potential misunderstanding. Thanks Trew Audio for making this information available because it serves to improve the Professionalism of the production community.
Jim Choi,
Thanks for bringing this up. Insurance questions come up a lot. I'll add an insurance section to the book.
Most professional productions have insurance. They usually rent lots of things, including expensive camera gear. They normally work with borrowed money. Suppliers and lenders usually insist on production insurance. That insurance can cover the sound gear while it's on set or in transit. You know you're insured when the production gives you a Certificate of Insurance showing your name as a "Loss Payee" or as "Additional Insured". Certificates of Insurance are standard forms issued by the production's insurance company. You can bet your boots that the camera rental house got one.
Rick
I'm sorry this took me so long to get around toreading Rick. Nice article and a lot of very useful info. Thanks for taking the time to help educate!