CFC, the specialist insurance provider, pioneer in emerging risk and market leader in cyber, today announced the launch of a multi-year insurance solution specifically designed for media production companies worldwide.
CFC’s new proposition delivers up to three-year comprehensive coverage to businesses producing films, TV shows, podcasts and web content with budgets of up to USD15M. This includes companies producing live-action fiction and non-fiction content as well as animation projects.
“Having written media business for over two decades now, we’ve built up an amazing network of brokers and spend a lot of time listening to what they need to serve their clients best,” said Michael Brunero, Head of Tech, Media & IP at CFC.
Brokers have been crying out for a multi-year comprehensive solution that encompasses all the activities that the smaller production houses undertake – and one that is quick and easy to arrange and backed up by an expert claims service. I believe that our new product ticks all those boxes. Michael Brunero, Head of Tech, Media & IP
In addition to providing cover for risks such as intellectual property infringement and defamation, key benefits of CFC’s bespoke new proposition include:
- blanket additional insureds clause included as standard
- waiver of subrogation
- lower minimal deductible of USD2,500
- specialist in-house media and IP claims team with experience of handling thousands of claims every year
“We’re enormously proud of the reputation that we have built in the media space over the past 20 years for our ability to serve small businesses quickly and consistently deliver insurance solutions that meets their evolving needs,” concluded Brunero. “This new product continues in that vein, ensuring that brokers can provide their small production house clients with protection that seamlessly caters for all their needs under one policy.”
For more information about CFC’s new solution, click here.
