Canada’s media and multimedia sector is a major economic driver, contributing $14.05 billion to GDP and supporting 240,000 jobs in 2023. Despite challenges like labor disruptions, the industry generated $10.4 billion in operating revenue for film, TV, and video production (1). With such scale and complexity, businesses in this space face significant risks, from copyright disputes to cyber threats, making specialized insurance essential.
Target Media and Multimedia Businesses Include:
✔ Advertising Agencies
✔ Direct Marketing Companies
✔ Public Relations Companies
✔ Marketing Consultants
✔ Book/Magazine Publishers
✔ Radio Broadcasters
✔ Production Companies
Why Insurance Is Critical
Media companies encounter unique liabilities, including:
- Defamation and copyright infringement
- Errors and omissions in content production
- Cyber risks, such as data breaches and extortion
- Contractual disputes and intellectual property issues
These risks can lead to costly lawsuits and reputational damage. A tailored insurance solution is essential for safeguarding operations and ensuring compliance with Canadian regulations.
SWG’s Coverage Highlights
- Limits up to $10 million
- Coverage for defamation, IP infringement, breach of confidentiality
- Cyber extensions for notification costs, crisis management, and business interruption
- Worldwide coverage
Why Choose SWG?
SWG specializes in hard-to-place commercial insurance, offering peace of mind for businesses navigating complex risks in a fast-changing industry. With expert underwriting and tailored solutions, SWG ensures your client’s brand stays protected while they focus on creating impactful content.
Source:
1. CMPA
