Film producers need several kinds of insurance in order to produce their film. Some forms of insurance are required by unions, some are required by equipment and location owners, and some are required by just good sense. Here is a quick over view of different kinds of insurance you may need to produce your film, and a suggestion on where to find it cheap.
Letters of intent from a Production Insurance company and a Completion Bond company is required to receive most film funding. Both Production Insurance Companies and Completion Bond Companies review the script, the budget, the key crew, the shooting schedule and talk to the line producer before giving a letter of intent. So if they say a film is “good to go” then it has been vetted by pros and is likely to be (from a production standpoint) safe to produce. This increases a funder’s sense of comfort dramatically.