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Errors and Omisssions LiabilityMediaWhy buy media liability insurance? 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, copyright 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 Public Speakers Radio Broadcasters Television Broadcasters Claim 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. Please visit our applications page to obtain the specific application for your media professionals' needs. |
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