Publishing and broadcast rights are always in jeopardy. Litigation threats and the possibilities of huge punitive damages awards can quickly silence or even ruin a media firm. Media professionals need to protect themselves against the devastating impacts of lawsuits for libel, slander, invasion of privacy, intellectual property infringement and other specified torts.
Who should buy media liability insurance?
- Advertisers
- Advertising Agencies
- Authors
- Book Publishers
- Film and Program Producers
- Magazine Publishers
- Newspaper Publishers
- Online Media Content Providers
- Public Speakers
- Radio Broadcasters
- Television Broadcasters
Claim Example
A newspaper reporter, as part of an investigation, wrote a letter to Federal authorities asking for confirmation of information. The letter was never published, but caused the Federal agency to drop the plaintiff, a construction company, from its program. The plaintiff ultimately lost its line of financing with local banks as a result. The newspaper, whose libel insurance policy had a $1 million limit, was nearly bankrupted by the jury's $900,000 verdict.