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

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Three Years running - Insurance Brokerage of the Year 1 to 5 staff

Mandy and Robert Cooper were extremely honoured and astounded to once again win, Insurance Brokerage of the Year for 2020 from Insurance Business Australia magazine. This is the third year running.

While this year has not been the easiest of years for the business with Covid 19, the Recession, the hard market and issues at Lloyds of London, we are literally all in this together as an Insurance Industry.

CPR Insurance Services continues to make our clients the number one focus of our business while managing our relationships with Insurers, who we need more than ever in this market climate.

CPR Insurance Services are a highly ethical Brokerage with a reputation as a trusted advisor who always acts in the Client's best interests. Their experience, knowledge and expertise is amongst the highest in the industry.

CPR Insurance Services is now ten years old as a business and is proud of being an Authorised Representative of Ausure and their partnership with Steadfast, giving CPR the strength and backing to match it with any Broking firm in the Insurance Industry, but remain focussed on supporting the Small to Medium business segment.

Memberships of the National Insurance Brokers Association, Australia and New Zealand Institute of Insurance and Finance, Australian Insurance Law Association, Australian Professional Indemnity Group and the Australian Institute of Company Directors, ensures CPR Insurance Services maintains the high standard of knowledge and expertise required to be one of the best Brokerages in Australia.

CPR Insurance Services also plays a strong role in their local community supporting other Sporting Clubs and Community organisations. They also support and promote local businesses with their operation of the Kedron Brook Business Group who meet regularly and has 174 members.

We are truly honoured to receive this National award once again for the third year as a recognition of CPR Insurance Services contribution.

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