Everything brokers need to know about our Media & Entertainment BIBA scheme
The media and entertainment industry is an exciting yet unpredictable sector, marked by rapid changes and diverse challenges.
While the sector as a whole is rebounding strongly post-pandemic, the landscape remains uncertain – influenced by factors such as the recent Writers Guild of America strike in 2023 which stalled production worldwide for nearly five months.
This event, coupled with evolving consumer behaviour, technological advancements and the proliferation of streaming platforms, has created a “perfect storm” of shifts across the Media & Entertainment landscape in the UK and beyond.
For professionals and businesses in this dynamic environment, robust risk management and financial protection are essential. Media and entertainment companies need cover that adapts to their unique needs, offering stability in an often unpredictable industry.
This is where Yutree’s Media & Entertainment scheme, approved by the British Insurance Brokers’ Association (BIBA) and backed by AXA Insurance UK plc, provides valuable support for brokers and their clients.
Yutree’s Media & Entertainment Scheme – FAQ
Learn more about our BIBA-backed scheme below, including what kind of businesses it can cover, what the key benefits of the scheme are and how Yutree helps brokers with clients in the Media and Entertainment sector.
-
What is the Media & Entertainment by Yutree product?
Our Media & Entertainment scheme is a specialised insurance solution, designed specifically for the media, entertainment and creative sectors. This commercial combined policy includes essential coverages such as property damage (including transit risk), business interruption, production exposures, liabilities, professional indemnity and terrorism cover.
-
What kinds of businesses can benefit from this cover?
This product caters to a wide range of clients in the media and entertainment industry, including but not limited to:
- Film and TV production companies
- Post-production houses
- Sound and light installation companies
- Corporate production companies
- Digital marketing agencies
- Model makers and special effects providers
- Outside broadcast operators
- Event and PR companies
If your client operates in any aspect of the media, entertainment, or events sector, Yutree’s scheme likely has a solution for them.
-
What are the key benefits of this scheme?
Our Media & Entertainment scheme offers a wide array of benefits tailored to the sector:
- Full theft cover for technical equipment, whether it’s stored on premises, in hotels, on location, or at venues.
- Worldwide geographical limits, including coverage in the USA and Canada.
- Fraudulent hire cover to protect against losses from fraudulent rentals.
- No work at height limit, allowing for flexibility in high-risk projects.
- Production cover for events such as cancellation, abandonment, postponement, cast and crew illness, extra expenses, and multimedia productions.
-
Why choose Yutree’s Media & Entertainment scheme?
As the BIBA-approved scheme provider for the media and entertainment sector, Yutree offers several unique advantages:
- Bespoke support, as our dedicated underwriting team is here to assist brokers in securing the best terms for their clients, providing expert guidance and facilitating three-way meetings as needed.
- Fast, efficient service, as we provide a 24-hour quote turnaround, same-day documentation, and exclusive quotations, enabling you to offer your clients rapid, high-quality service.
- Flexible, comprehensive cover with a low minimum premium of £250 + IPT. Our policy includes essential extensions to protect the wide-ranging needs of this sector.
- The scheme is backed by AA-rated security, giving you and your clients peace of mind.
-
How does Yutree help brokers succeed in this space?
Yutree’s experienced underwriters work closely with brokers, offering specialist support to help them win and retain clients in the media and entertainment sector.
We provide competitive premiums, personalised guidance and insights into the specific needs of this industry, making it easier for brokers of all experience levels to meet their clients’ requirements.
Embracing Opportunity in the Media & Entertainment Sector
The UK media and entertainment industry continues to show resilience and innovation, positioning itself for future growth. As brokers, you have a fantastic opportunity to tap into this thriving sector with the support of a scheme that’s built for the industry’s unique risks. Yutree is committed to helping you offer tailored, reliable solutions for your media and entertainment clients, ensuring they are protected in a fast-changing world.
For more information, reach out to our team and discover how Yutree can support your brokerage in meeting the needs of this vibrant sector.