would you sign this waiver?

The only reason I can think of that they wouldn't want you on their liability as an employee (which really you are in this case) is that they are hoping to ask you to do stuff that might violate clauses in their insurance policy. Maybe I'm just being paranoid. I would have a long talk about your right of refusal to shoot in unsafe conditions.
 
That makes sense, I can see how their legal department would want to limit their exposure for cameramen in somewhat risky settings. But given their size and stature I think they'd have a hard time denying liability having acknowledged that I'm working for them as an employee, and I haven't signed any waivers.
 
Beside liability it could be also the tax thing - as employer they have to pay your share of taxes (on top of the 1/3 that will be taken away from your salary) - in NYC it's around 25% extra. So for each $1000 you are suppose to get you will most likely see around $650 but they will be spending a whooping $1250.
 
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