At Performance, we work with a market leading, established Insurer who have provided Insurance to Gaming and App developers for a number of years.
The games industry has shown great growth and development over the last 10 years and continues to be a great area of growth for the economy in the UK. Being at the forefront of exciting, interactive innovation can lead to games developers being exposed to areas of risk.
As an example of an area of potential exposure; As a Games Developer, you are likely to have milestones within your contracts with a third party and disputes as to whether these milestones have been met could potentially lead to a claim being brought against you for a breach of contract.
Risks that games developers should consider insuring against include: a breach of a written contract or legal action taken against you worldwide. Either of these areas could be potentially disastrous for a games developer and, given the rise in compensation culture, claims could be increasingly likely to occur.
Having a real understanding of the intricacies involved helps us in assessing your potential exposures and allow us to advise you on the Insurance you need to consider.