Creating the new insurance scheme was a ‘direct result of member requests’ following a challenging 2020
The British Insurance Brokers’ Association (Biba) has launched a new member scheme with Yutree Underwriting, targeting firms operating in the media and entertainment sector.
The scheme offers a policy covering production exposures such as cancellation, abandonment or postponement. It covers costs, cast and extra expenses, as well as property, liability and business interruption (BI) risks.
Professional indemnity and terrorism can also be included.
Following challenges arising from the Covid-19 pandemic and related mitigating actions, the media and entertainment sector now has particular insurance requirements - the joint initiative aims to enable brokers to easily source cover designed for their clients’ needs.
Getting clients ‘back to their feet’
Mike Hallam, head of technical services at Biba, said the creation of the scheme was a “direct result of member requests”.
He continued: “Yutree is an independent provider that can dovetail [its] policy into the insurance programme our members offer their clients. This is an important addition to our scheme portfolio.”
Yutree director Laura Hancock added: “We are excited to be bringing this scheme to the Biba membership 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 sector to support businesses and brokers through this time.
“As we emerge from the pandemic, we couldn’t be more delighted to be making our product and specialism available to Biba members to help them to support their clients back to their feet.”