RiskBox Partners with International Production Music Group (IPMG) to Offer Tailored Insurance Solutions for Members

RiskBox, a leading specialist commercial insurance broker, is pleased to announce a new partnership with the International Production Music Group (IPMG) a trade organisation run by a group of international production music publishers to support the production music industry.

This collaboration aims to provide IPMG members with access to specialised insurance solutions designed to meet the unique needs of the music industry, with a particular focus on Professional Indemnity including Intellectual Property (IP) infringement.

“We are thrilled to partner with IPMG to support their talented members navigate the ever-evolving music landscape,” says Sam Johnson, Director of RiskBox. “The music industry is rife with potential risks, and having the right insurance coverage in place is essential for protecting creative endeavours and financial security.”

Understanding the Risks: Professional Indemnity and IP Infringement

Music producers and Publishers face a variety of risks, including:

• Professional Indemnity: Claims of negligence or errors and omissions in their work can lead to significant financial losses. Professional Indemnity insurance helps to protect against these claims.
• Intellectual Property Infringement: Accidental or unintentional copyright infringement can be costly. The right insurance coverage provides protection for legal defence costs and potential settlements.

Partnership Benefits for IPMG Members

Through this partnership, IPMG members will benefit from:

• Access to a dedicated RiskBox team: A team of experienced insurance brokers who understand the specific risks faced by music producers.
• Tailored insurance solutions: Quotes and coverage options designed to meet the individual needs of each member.
• Competitive rates: RiskBox leverages its strong relationships with insurers to secure the most competitive rates for IPMG members.
• Risk management resources: Educational materials and workshops to help members identify and mitigate risks.

“At IPMG, our mission is to empower production music publishers worldwide,” says Martin Nedved, Chair of IPMG.

“The partnership with RiskBox provides our members with streamlined access to specialised insurance coverage, safeguarding their businesses.

By simplifying the process and offering educational resources, we ensure our members can focus on what they do best – creating outstanding music – with greater peace of mind.”

About RiskBox

RiskBox is a leading commercial insurance broker specialising in providing tailored insurance solutions for businesses of all sizes with a focus on the media space. With a team of experienced professionals and a strong focus on customer service, RiskBox is dedicated to helping businesses protect their assets and achieve their goals.

About International Production Music Group (IPMG)

IPMG is a trade organisation run by a group of international production music publishers to support the production music industry.

The association aims at international level, to promote and protect the moral, material, and artistic interests, as well as the economic and financial matters of international production music producers and publishers.