Professional Indemnity

Media Professional Indemnity

Chubb understands that the challenges facing the media industry are ever changing. The increased use of interactive media has not only magnified standard risks facing the industry, such as defamation and intellectual property infringement, but opened the industry up to a number of new and ever-changing threats. In response Chubb has developed a suite of 4 new wordings specifically tailored to media professionals and designed for the digital age:

  • Broadcasters
  • Media
  • Publishers
  • Producers

Example professions

  • Advertising agents
  • Marketing and digital marketing consultants
  • Market research
  • Graphic design
  • Public relations
  • Brand development and corporate identity consultants
  • Copywriters
  • Publishers
  • Broadcasters
  • Producers

Highlights

  • Any once claim cover available
  • Bespoke wordings available
  • Able to respond to global professional indemnity/errors & omissions requirements with worldwide jurisdiction.
  • Chubb’s distribution network allows global issuance of local policies
  • Able to deploy £/€/$ 10 million per risk
  • Primary, excess layer and quota share options available

Cover

The suite of products for media professionals includes coverage for:

Civil Liability as a consequence of:

  • Breach of professional duty
  • Breach of contract (including breach of licence and breach of authority)
  • Libel or slander (including but not limited to torts relating to defamation, reputational injury and emotional distress)
  • Product disparagement or breach of comparative advertising regulations
  • Negligent misstatement
  • Unintentional breach of confidentiality
  • Unintentional interference with privacy rights
  • Unintentional infringement of intellectual property rights including cybersquatting (including but not limited to plagiarism and passing off, infringement of trademark or slogan, breach of licence to use copyrighted material.)
  • Fidelity
  • Loss of or damage to documents
  • Transmission of a computer virus, denial of service, malicious cyber attack

The policies also extend to cover the insured’s:

  • Public relations and crisis management costs
  • Costs to withdraw content as a result of a complaint to any official regulatory or self-regulatory body
  • Costs to mitigate a claim
  • Subpoena defence costs
  • Costs to defend an investigation brought under the Data Protection Act, payment for court attendance and representation costs
  • Costs for prosecuting someone who has infringed your intellectual property

Our Producers’ wording also benefits from cover for financially interested parties.

Please note that the above is purely a highlight of the heads of cover offered in the wordings. For full terms and conditions and limitations please refer to the policy wording.