The title of a production could violate a third-party trademark, or an accidental failure to obtain consent or a proper license could spark a lawsuit. There are lots of reasons television and film productions need errors and omissions (E&O) insurance. Defense costs associated with such lawsuits can be staggering. Chubb has teamed with Walterry Insurance Brokers to offer Chubb’s Multimedia Liability Insurance policy, which addresses these risks and is endorsed by the Association of Independent Video and Filmmakers.
TV and Film Producers Errors Omissions coverage highlights:
- Coverage goes beyond specified "named perils" to risks arising out of the core functions of production companies: gathering and disseminating information or entertainment to the public.
- No clause requiring the insured to settle at the insurer’s request.
- No exclusion for "internal" copyright disputes brought by employees or freelance writers over "ownership rights."
- Coverage for the length of the "rights period" needed for distribution
- Worldwide coverage.
Walterry Insurance Brokers
Walterry Insurance Brokers acts as the program administrator for this program. Walterry has more than 25 years of experience insuring the media, presently insuring over 800 film productions, 350 broadcasting stations and 1,900 newspapers. Walterry has many years of experience in the video and film industry and is endorsed by the National Newspaper Association and over 25 state and regional newspaper associations.
To obtain additional information on our Media Liability Insurance Program or to submit an application for coverage, please contact Walterry direct at: