Media liability insurance is offered to professionals that engage in film and television production and print to cover them against risks such as defamation. Today, websites, blogs, and social networks are part and parcel of the media industry. The sheer expansion of media implies the opportunity of making a mistake is more significant than ever. And if that happens, your company could be liable.
Media liability insurance, sometimes called omissions and mistakes or E&O, safeguards you from carelessness in your media content and marketing, including sites, blog sites, and social networks. So you can rest knowing if that post backfires, any legal charges and settlement expenses will be covered. It is a kind of error and omission liability insurance designed for publishers, broadcasters, and other media-related companies. The policies are generally written on a “perils basis” and cover the following broad areas: defamation, invasion of personal privacy, infringement of copyright, and plagiarism.
Direct exposure to liability and threat of legal action is an essential factor to consider for expert authors. While this direct exposure varies based on each assigned subject matter, all authors need to know the possible sources of risks and appropriateness to prevent other legal costs.
There are four primary legal causes of action that writers might be exposed to copyright violation, disparagement, public disclosure of private facts, and misappropriation of name or similarity. Many publishing agreements make the author indemnify the publisher for any damages and costs, consisting of legal fees, arising from claims induced by any of these premises, whether the claim is eventually successful. This means that even if the writer has not breached any rights owned by a third party, and the case is settled judicially or extrajudicially, or the writer wins, he might still be on the hook for legal outlay to safeguard the case.
The publisher’s liability insurance generally will cover most of the claim; however, the publisher might make the author reimburse them for the deductible. These expenses can be substantial in some cases.