Copyright infringement insurance in popular music

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.