The entertainment sector is diverse and encompasses different segments, each performing and operating in environments that have a unique range of risks. In no other industry, is the pace of change greater than in the entertainment sector. Shifts in both the nature and scope of this sector means that businesses need to constantly evaluate new and emerging risks and assess their exposure.

As media companies expand into new media, converge with other areas in the technology and telecommunications sectors and cater for an international audience, they face liabilities and cyber risks that pose a greater threat than in the past. The major liability risks are in the areas of IPR infringement, copyright infringement, libel & invasion of privacy, defamation, omissions and errors in printed materials and infliction of emotional distress. The problem of piracy impacts all segments of the industry especially films, music and television.

The Media and Entertainment industry suffers from a plethora of Central and State levies including levies by local bodies and authorities. These multiple taxes, administered by different Government authorities add to the cost of business. M&E companies must find ways to protect their cast, their crew and their budget. And one of the ways is through insurance. Without adequate insurance coverage, media productions would be unable to secure the necessary financial backing in an industry that is used to incurring hundreds of thousands of rupees daily for simple accidents on big-budget shows.

Optima Edge:

We minimize risk without sacrificing creativity. We understand that even the world of entertainment contains very real risks. This in-depth understanding of the Entertainment business module and the risk involved makes us one of the finest Media and Entertainment Insurance brokers in the country.

CONTACT INFO

Rakesh Kumar
Phone : 011 - 40 50 51 52
Email : This e-mail address is being protected from spambots. You need JavaScript enabled to view it.



Consequential Loss Insurance - II
Read more...

INDUSTRY NEWS


Bulk drugs makers hit by hefty fire insurance premium hikes.
Dec 02, 2019

Bulk drug makers have seen a significant jump in insurance premiums for fire and allied perils this year.


ISRO seeks insurance for domestic satellite launches for the first time.
Nov 28, 2019

The Indian Space Research Organisation (ISRO) is looking to buy insurance cover for a domestically launched space satellite.


IRDAI bars several health insurance exclusions
Oct 15, 2019

Insurance companies have been barred from excluding from coverage illnesses associated with hazardous work activity etc.

Read More...