Why Content Creators Need Media EO Coverage
Whether engaged in journalism, entertainment or advertising, media companies play a vital role in a well-functioning society. A harsh reality for these content creators is the ever-present risk of a lawsuit. One way to mitigate that threat is insurance with media liability coverage.
Why Is Specialized Media Liability Insurance Necessary?
A typical commercial general liability policy includes substantial libel and slander protection. Unhappily for media companies, that protection excludes broadcasters, publishers, advertising agencies and information distributors. Content creators can fill that gap with a media errors and omissions liability policy.
What Are the Features of a Media E&O Policy?
A media E&O policy may cover a business entity, senior management, employees or independent contractors. The policy pays defense and settlement costs for claims that fall into these broad categories:
- Invasion of privacy
- Copyright or trademark infringement
- Breach of intellectual property agreements
A media liability policy includes a list of covered activities, and this section must align closely with the policyholder’s endeavors. A too-broad list saddles an enterprise with higher than necessary premiums. In a more hazardous situation, an incomplete activities section leaves a business unprotected from entire litigation categories.
The need for highly customized coverage makes a persuasive case for an insurer with media coverage specialists. With well-structured insurance in place, media businesses can focus on producing top-notch content.