The pressure to come up with new concepts and formats – and new twists on old ones – is intense, leaving broadcasters and film makers more exposed to intellectual property infringement, defamation and privacy risks.
Hiscox is one of the leading writers of errors and omissions – or professional indemnity – insurance for the media and entertainment industries. For more than 20 years we have been helping the smallest independent production companies, right up to major studios and national broadcasters, to protect what is theirs and defend themselves against others’ actions. We are also one of the leading insurers of local and national publishers and advertising agencies. The volume, shape and distribution of entertainment has transformed in that time, and we have never shied away from innovation – be it streaming over mobile phones or over the internet.
We also insure television programmes, commercials and films before they even reach your television, cinema, computer or mobile phone screen. Delays in filming schedules due to an actor’s death or illness and lost or damaged equipment are common and sometimes costly claims are made by production companies. Each day’s delay in a typical £2 million budget film, for example, can cost as much as £40,000 – an exposure that remains constant throughout the shoot. Our understanding of the industry means that we can deliver tailor-made solutions encompassing everything from production package, liabilities and personal accident to errors and omissions insurance. And when we are called upon, we have specialist in-house claims handlers and loss adjusters on hand offering support and loss control advice, whose grounding in the media and entertainment business and expert knowledge of its risks sets us apart from the competition.
Underwriting contactSuzanne Kemble
Head of Media and Entertainment
T +44 20 7448 6216
Managing Director, US Media
T +1 646 452 2355
To find out more about our products, click the icons below