We have designed a flexible product with media companies in mind. Our product addresses the risks faced by those creating, gathering and disseminating content through a multitude of formats and platforms. Including broadcasters, publishers, marketing, advertising and communications companies and film, video, TV and music producers and non-media companies who engage in media activities. We also recognise the convergence of media and technology exposures and have addressed these in our product to reduce gaps in coverage involving intellectual property infringement, libel, slander, content E&O, contractual liability, technology E&O, cyber and privacy breaches and more. Some of the key features are listed below:
As part of our multimedia cover, we recognise that media companies will likely be disseminating not just content you have created but third party content as well, including user generated content. This is why our policy provides full coverage on all content which you are held responsible for. This section can be written on an occurrence as well as claims made basis.
Almost every contract you sign includes warranties and indemnities in relation to a breach of confidentiality, contractual agreements and non-disclosure agreements. Understanding this major source of liability, our policy is careful not to include a contractual liability exclusion.
Vicarious Liability Cover
Outsourcing is common practice, and media businesses will often use third party contractors to help them deliver services. Our policies provide full vicarious liability cover as standard, in order to ensure that you are protected in the event that you are held liable for someone else’s mistake.
Payment of Withheld Fees
We recognise that mistakes happen and that your clients may withhold fees due to you. That’s why, subject to our approval, we will pay any contractual fees and ensure that you are able to continue to work with your client.
Virus & Hacking Liability Cover
Most businesses hold sensitive data entrusted to them by their clients. Losing this data as a result of a hack attack or computer virus can lead to potential liability and significant brand damage. In order to address this emerging risk, we have designed a specific module of cover that provides explicit protection.
Breach Notification Costs Outside the Limit
Recognising that the cost of notifying a privacy breach can be a concern for any business, we provide a separate, dedicated limit for costs and expenses associated with such a breach.
System Repair Costs
Our media policy can provide full limit cover for costs associated with reconfiguring and rebuilding systems and networks after a system failure or corruption, including staff overtime costs and external specialist consultants.
System Business Interruption
We understand that system downtime can result in loss of income, and can ultimately be devastating to your business. So we’ve been careful to include cover to compensate you for loss of income due to a hack attack or virus which causes system downtime.
We understand that you will often create and disseminate content on a global scale, so shouldn’t just be covered for claims in a single territory. That’s why our policies cover claims made anywhere in the world as standard.