Multimedia Errors and Omissions Professional Liability (E & O) Insurance for multimedia companies offers specialized coverage including cyberliability for a variety of media & professional risks against the devastating impact of lawsuits for libel, slander, invasion of privacy, infringement of copyright and other specified torts. A key policy feature to look for is the right to ask the insurer to defend a claim. “ no settlement "hammer" clause”
Coverage that goes beyond specified "named perils" to risks arising out of core functions of media organizations: gathering and communicating information to the public.
No exclusion for "internal" copyright disputes brought by employees or freelance writers over "publishing rights."
Protection for confidential sources, providing coverage for contesting efforts to compel release of confidential sources or information.
Convergence
As content flows across multiple media platforms such as Video On Demand ,Interactive TV, Internet web sites, Wireless/Mobile phones/Mobile TV.
The world of broadcasters is rapidly changing in technology, culture and audiences
It is crucial to develop risk management programs that address the potential loss exposures that convergence brings. |