Hub International launches entertainment industry practice

Matt Shultz of Cage The Elephant performs at Lollapalooza in Chicago's Grant Park on Sunday, Aug. 3, 2014. / AP Photo

Middle-market broker Hub International Ltd. is launching an entertainment practice to focus on providing risk management and insurance solutions for all segments of the entertainment industry.

Hub's new entertainment industry solutions practice will provide customized coverage and risk management solutions to meet the unique risks and exposures of eight key entertainment market segments:

• Film and television production

• Music and touring

• High-risk live events

• Financial management for high-net-worth individuals

• Live theater

• Video gaming, both online and console publishers and developers

• Performance venues for live audiences

• Contingency risks, including event cancellation and nonappearance

Although Chicago-based Hub's new entertainment practice will be based in Los Angeles, it will also have offices and experts in key locations including New York, Nashville, Miami and Toronto. The practice will also support the more than 300 Hub offices throughout North America to serve the needs of local productions, venues and on-location opportunities.

“This combination allows us to meet the needs of our entertainment clients regardless of what they're doing or where they're doing it,” said Andrew Forchelli, president of Hub Entertainment Industry Solutions, in a statement.