Copyright infringement insurance in popular music

Abstract

Before investigating the specifics and issues of
insurance against copyright infringement in popular
music, the paper first deals with the popular music
concept, legislation development of first publication
authority, persons enjoying statutory protection,
individuals with related rights and copyright
commencement. This is necessary for an adequate
understanding of insurance against copyright
infringement in popular music. Music has always been
an important part of culture and society. Contemporary
music entrepreneurs deal with different genres and
activities. It has become a profession in which profits are
made from the creation, performance and distribution of
music. The protection of copyrights in musical material,
the rights of composers, songwriters, performers and
disposal powers in a market economy is an issue of
utmost importance today. Combined revenues in the
world and in Serbia show how lucrative the music
industry has always been. Therefore, in the first section
of this paper, we investigate popular music copyright in
Serbia and selected jurisdictions to explain in the second
part the place of the insurance against its infringement
in the insurance system, determine the coverage and
indemnity and disclosure of essential facts specific to
that line of business.

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