Multi-Media Risks

Multimedia Liability- What is it?

A number of insurers have designed specific covers to protect Multimedia clients for a wide range of exposures faced in their Industry.

It is aimed at occupations that distribute information to the public through web sites or other means of communication (desktop publishing, email). No longer the exposures of the traditional publisher used to face but now have expanded to Publishers and Broadcasters of instructional material, Electronic publishing services and other entity engaged in preparing materials for publication and republication .

Then there are the risks faced by Television and Radio stations, Motion Picture companies, Cable and Satellite broadcasters. Basically any type of Electronic transmission business or those that carry out Researching, exhibition, serialization and material distribution services such as the Advertising business, Websites or Online or Interactive occupations, that can push the boundaries of content delivery, made possible by the converging advancements of technology. All could be exposed to Trademark infringement, personal injury liability due to libel and slander or unfair competition claims and so on.

What does it cover?

The Multimedia liability policy covers liability arising from the publication, broadcast or dissemination of content. There are the Defamation Risks, Copyright Breaches, Cyber Risks, Advertising Liability and even Personal Appearance Liability that can be covered. Then there are the more common covers that can be included such as Professional Indemnity; covering civil liability and Public and Products liability. Plus these policies include Defence Costs with some in addition to the Limit of Liability.

Extensions  with some insurers include awards decided by Ombudsman, Cost of inquiries, Vicarious liability cover for consultants, contractors, and agents, Extended reporting period, Innocent party indemnity, Loss of documents and Withdrawal expenses.

 Some will provide additional benefits such as limits of liability and excesses that are exclusive of legal costs, Reinstatement of the limit of liability and Continuous Cover clauses. Others may provide Worldwide jurisdictional and territorial cover (if needed), The Insured may have the option to defend, choice of a panel lawyer or can choose your own legal representative.
 

What should you do now?

Although new media and other publishers worry about claims like libel and copyright infringement, attorneys and insurers have seen a dramatic rise in the last few years in the number and severity of claims for Media Liability errors and omissions.

Unlike traditional claims involving allegations of libel, copyright infringement, invasion of privacy, piracy and plagiarism, Media Liability errors and omissions claims seek to impose liability on the publisher for physical injuries or economic loss allegedly caused by some error or negligent publication in the ideas or expressions contained in the published material.Given the evolving nature of film and video producer liability, there are also those unexpected claims against you that your insurer failed to predict?

Can you afford to go without the protection of a Multi-media Liability policy?

If you want to know more about these policies and conditions relevant to your profession, contact a specialist insurance broker such as Cooper Professional Risks Pty Ltd.

An insurance broker's role is to act as your representative and work in your interests, seeking the best cover at the best price for you from market knowledge.

 So call a good Insurance Broker. Call CPR.- Experts who will save you. 

See Defamation Insurance

See Cyber Risk Insurance

Latest News

Robert Cooper - one of 100 faces of small business

This week it was announced as part of Small Business Week,  that Robert has been named one of the 100 faces of small business for a State Government promotion on the great value that small businesses play in the State of Queensland.

You can see Robert's entry here:

It is the third accolade for CPR Insurance Services in a month and after seven and a half years in business is a real pep up for the company.

For Robert, it is the culmination of many years experience, becoming well qualified, experiencing the highs and lows of a career and always wanting to contribute to his community. Sometimes, these things just come together and you receive recognition for your efforts.

Robert says that there is no doubt that starting your own business is a huge challenge, but with the right research and planning, the right people around you and a good set of values that you apply to the vision of the company, you have a very good chance of making it all succeed.

Robert says he is lucky. He has a strong supportive Wife, Mandy, who is also part of the business, along with efficient and hard working staff such as Julia McLauchlan and Aidan Harmer who are building up their own skills in a learning environment. 

However, the most important and most supportive people for CPR Insurance Services are our clients who have stuck by us and supported us over the past seven years. Our focus remains on providing the best possible service we can and always acting in their best interests. To all our clients, we say thank you!

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CPR Insurance wins Brokerage of the year

CPR Insurance Services picked up the award for the Best Brokerage (1-5 staff) in Australia, last Friday Night (4th May 2018) at the Insurance Business Magazine Awards held at the Westin in Sydney.

Judging came from various parts of the industry. It is a great honour to be recognised for our hard work and particular Business values we follow. A full list of winners is listed here.

Success comes from having great staff, and we thank Aidan Harmer and Julia McLauchlan as important support staff for helping us win such an award.

CPR Insurance has been in operation for more than 7 years now and is only successful because of the wonderful support from our staff, insurers and most importantly, our fantastic clients who put their faith and trust into our company to be their Risk Advisers and Brokers. 

Thank you to all.

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