Biba and MGA Launch New Support Program for Media and Entertainment Industry | Latest news
The British Insurance Brokers’ Association (Biba) has launched a new membership program with Yutree Underwriting, targeting companies operating in the media and entertainment industry.
The plan offers a policy covering production risks such as cancellation, abandonment or postponement. It covers costs, casting costs and ancillary costs, as well as property, liability and business interruption (BI) risks.
Professional compensation and terrorism can also be included.
As a result of challenges arising from the Covid-19 pandemic and associated mitigation measures, the media and entertainment industry now has specific insurance requirements – the joint initiative aims to enable brokers to find easily a cover designed for the needs of their clients.
Get clients back on their feet
Mike Hallam, technical services manager at Biba, said the creation of the program was a “direct result of member requests.”
He continued, “Yutree is an independent supplier who can agree [its] in the insurance program that our members offer to their clients. This is a significant addition to our portfolio of programs.
Yutree Director Laura Hancock added, “We are delighted to offer this program to Biba members at this time.
“We have been working with this sector for many years and 2020/21 has been a particular challenge for our broker clients. We have worked with the industry to support businesses and brokers during this time.
“As we emerge from the pandemic, we couldn’t be more excited to make our product and our specialization available to Biba members to help them help their customers get back on their feet. “