Media & Creative

Protecting Your Media & Creative Business with Comprehensive Insurance

Welcome to Konsileo, the leading chartered commercial insurance brokers specialising in insurance solutions for the media and creative industry. As an industry encompassing diverse sectors such as advertising, marketing, museums, galleries, and libraries, the media and creative sector plays a crucial role in the UK economy. In 2019 alone, it contributed approximately £155 billion, highlighting its growing importance. In this dynamic industry driven by digital technology, it is essential to have comprehensive insurance coverage tailored to the unique risks faced by businesses.

Understanding the Industry’s Growth and Risks

The media and creative industry has experienced significant growth over the past decade, with a 50% increase in contribution to the UK economy since 2010. This growth has been fuelled by the rise of computer services and the increasing use of digital technology to produce and deliver content. In fact, 81% of businesses in the sector now handle digitised personal and non-personal data, emphasising the exponential importance of correct cyber insurance. Cyber attacks have been costing businesses an average of £8,000 per year since 2020.

Common Risks and Essential Policies

Within the media and creative industry, there are specific risks that businesses need to address to safeguard their operations.

These risks include:

  • Copyright Infringement: With recent changes in laws following the UK‘s departure from the EU, copyright infringement is a significant concern. Businesses need to ensure they have appropriate cover to protect against potential legal costs. Professional indemnity insurance can cover costs associated with defending or settling copyright claims.
  • Misinterpreted Briefs: In a creative industry, misinterpretation of briefs can lead to disputes and financial loss. Professional indemnity insurance provides cover for such incidents, helping businesses manage the associated costs and protect their reputation.
  • Confidential Client Data Leaks: With the handling of sensitive client information, the risk of data breaches and leaks is a major concern. Cyber insurance is essential to protect businesses from the financial and reputational damage caused by such incidents.
  • Employer/Public Liability: The media and creative industry often involves events, exhibitions, or client interactions. Employer and public liability insurance provides cover for potential accidents or injuries that may occur during these activities.

Bespoke Insurance Solutions for the Media & Creative Industry

At Konsileo, we understand the unique risks faced by businesses in the media and creative sector. Our team of expert brokers works closely with you to assess your specific needs and develop tailored insurance solutions. We go beyond off-the-shelf policies to create bespoke cover that addresses the nuances of your business, minimising risk and protecting your operations effectively.

Comprehensive Risk Management and Expertise

With our focus on risk management, Konsileo offers comprehensive services to help you identify and mitigate potential risks. Our expert brokers leverage their industry knowledge and experience to provide proactive risk management solutions, ensuring your business is well-prepared to face challenges head-on. We stay up-to-date with industry trends, regulations, and emerging risks, providing you with valuable insights to protect your business.

Streamlined Insurance Platform and Dashboard

Managing your insurance policies is made easy with our online insurance platform and dashboard. Our intuitive platform allows you to access and manage your policies, access key documents, and track claims effortlessly. With Konsileo, you have a centralised hub for all your insurance needs, ensuring efficient management and peace of mind.

Experience Personalised Service with Konsileo

As independent brokers, we pride ourselves on providing personalised service to each of our clients. Our dedicated team is committed to understanding your business and its unique requirements. We negotiate with a wide network of insurance providers to secure competitive quotes that offer comprehensive cover tailored to your needs. With Konsileo, you receive expert advice, transparent risk management, and customised insurance solutions to protect your media and creative business effectively.

Secure Your Media & Creative Business Today

Don’t leave your media and creative business vulnerable to risks. Partner with Konsileo, the industry-leading independent brokers, to ensure comprehensive insurance coverage that aligns with your specific requirements. Request a quote today and experience peace of mind as we keep your business protected.

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