Media Business Insurance

Learn about who needs media business insurance and recommended insurance policies. Request a quote for Media Business Insurance online on insuranceadvisor.com

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Top businesses we insure in Media Business Insurance

What is Media Liability insurance?

Media Professional Liability insurance (may also be referred to as Errors & Omissions) protects companies that advertise, publish, broadcast, blog, or entertain from liability arising out of the content they create regardless of the mode of communication used. Any content that is “put out there” in the public eye may open up these media-related businesses to liability claims for defamation, invasion of privacy, plagiarism, infringement of copyright, emotional distress, and so on.

Even companies not considered in the media or entertainment industry are exposed to this type of liability with just a website or if they communicate any type of information.

Advertising agencies are facing new challenges that require coverage. They need to adapt as the marketing landscape changes rapidly. Professional video makers and film producers need the self-confidence to grow from small-scale productions to Hollywood blockbusters without worrying about large liability claims.

Theaters, cultural organizations, musical artists, actors, and TV or movie producers may enjoy unique challenges in the media, arts, and entertainment industries. A personal appearance of an author, singer, or actor may appear on a live news or entertainment show on TV, everything they say is subject to interpretation, and the possibility of offending someone with what they say is high.

Who needs Media and Entertainment Insurance?

  • Advertising agency
  • Marketing company
  • Multimedia companies
  • Cable station operator
  • Internet and news media content creators
  • Radio, television, or cable broadcasters
  • Cultural organizations with art and related operations
  • Documentary, Industrial, Commercial, Educational (DICE) film producers
  • Musical groups and artists, actors
  • Publishers, reporters, authors
  • Promoters of performing arts, music, culture
  • Spokespersons
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Recommended insurance policies

If you work in media and advertising, you're vulnerable to lawsuits for copyright infringement, slander, negligence, and invasion of privacy to name just a few acts that will get you in trouble. Business insurance of different types will help lessen the financial impact when something goes wrong. The following policies are recommended:

Professional liability insurance

Media Liability is professional liability insurance, also called errors and omissions for businesses in the media and entertainment industries. It protects these businesses from liability lawsuits pertaining to the content created, broadcasted, and published. For people who do public appearances or are spokespersons (public figures) for what they say that may cause harm to entities, groups, or persons such as:

An error in your media or advertising company could cause financial harm to a client. If that client files a lawsuit, your business could be seriously disrupted or destroyed. Media liability insurance, also known as professional liability insurance, or errors and omissions insurance, can help with legal expenses related to your organization's conduct. This policy provides liability coverage related to:

Coverage provided by media liability insurance

Work mistakes and oversights

If a client accuses you of making mistakes or asserts that your media or advertising business failed to meet certain standards, you may be accused of negligence. This accusation could lead to an expensive legal battle, especially if a client claims your brand or mass media business caused financial damage.

Media liability insurance can cover your legal costs, even if you did not initiate the incident.

Missed deadlines

Your customer will be negatively impacted by project delays, and your media liability insurance can help you cover legal costs such as:

Advertising injuries

Normally covered by a general liability policy, advertising and media-related injuries are normally excluded from the policy for advertising and media professionals because of their line of work.

Instead, media liability insurance coverage (sometimes called communications liability insurance) helps fill this niche by providing broadcasting liability insurance for risks like

General liability insurance

Most of the general legal issues facing businesses, including damage to merchandise, customer injury, advertising injury, and customer property, are covered by public liability insurance. This insurance policy investment helps you qualify for contracts and leases and proves yourself a responsible party to insurers. It is best for:

  • Slip-and-fall accidents
  • Damaged customer property
  • Commercial lease requirements

This policy can cover the related costs if a customer is injured during a client visit or if you damage customer property during a speaking engagement. It provides liability coverage for claims or suits arising out of your business’s operations:

  • Bodily Injury to visitors or clients to your office or job site
  • Third-party property damage caused by your business
  • Fire legal liability (liability to the landlord for damage to the rented premise)
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Coverage provided by General Liability Policy

Third-party injuries

If a client or visitor in your office gets injured, you may be held responsible for the injuries. If they sue, your media or advertising company could be on the hook for any medical bills plus the cost of an attorney. General liability insurance will defend your business and pay claims or damages for which the business is legally liable for covered events.

Please note that the general liability policy doesn't include coverage for employee injuries, auto liability, or watercraft liability, for these, there are separate and specific policies.

Third-party property damage

In the marketing and advertising industry, you sometimes have offsite film or photo shoots or production locations where there are chances of damaging property at the site where you’re working. If your employee inadvertently breaks another person’s property, your general liability policy can cover the cost of repairing or replacing the damaged property. General liability may defend and pay court-ordered judgments for legal disputes over repairs for more expensive items to which coverage applies.

What’s not covered under General Liability ?

Most general liability policies for businesses in this industry do not get coverage for personal and advertising injury such as libel, slander, and copyright infringement. Typically, the General Liability policy excludes personal and advertising injury coverage for businesses in the media, art, and entertainment industries. Personal and Advertising injury coverage is closely related to the professional exposures of these businesses, so that is where coverage is found, under the Media Professional Liability policy. Since creating and producing content is the primary function of advertising and media businesses, the personal and advertising exposures are too broad so the general liability policies do not include this coverage for businesses in this industry.

Workers’ compensation insurance

Workers' compensation insurance pays the medical expenses and lost wages of employees who are injured while working. This policy is required in all but a few states for businesses with a certain number of workers. The benefits due an injured employee will vary by state, the maximum weekly wage, disability ratings, death benefits, and the medical reimbursement amounts allowed for health care providers for work injuries are all set by each state.

If a server slips on a spilled drink and falls, breaks an arm, or an editor develops carpal tunnel syndrome, it can lead to expensive medical bills and possibly surgery.

Business owners considering purchasing this coverage may be interested to know that Employers’ Liability coverage is included in the Workers’ Compensation policy which provides a defense to the employer if sued by an injured employee alleging the employer’s negligence caused or contributed to the injury.

Even if the lawsuit is unfounded, it is unlikely that you will be spared from paying hefty legal costs to defend yourself and your business.

Cyber liability insurance

Cyber liability insurance coverage safeguards small businesses and organizations from the high costs associated with data breaches or other types of cyber attacks. A cyber policy is highly customizable and can provide first and third-party coverage when an attack occurs.

This policy provides coverage related to:

A data breach could be immensely harmful to your company's finances. That's why companies that have credit card numbers or other sensitive data of their clients need cyber liability insurance. In the event of a breach of private information the policy covers:

Coverage provided by cyber liability insurance

Cyber liability insurance includes two kinds of claims, first-party and third-party.

First-party cyber liability insurance

First-party cyber liability insurance specifically covers the insured’s company losses from a cyber incident. It can cover expenses related to:

Third-party cyber liability insurance

Third-party cyber liability insurance insures the business entity for liability claims or suits against them alleging the negligence of the insured caused harm to the claimant. The insured is responsible for the protection of information stored at their company. If the insured missed updating security software that permitted the incident to occur, they could be liable for all ensuing damage caused by the cyber-attack. The Cyber policy will:

Because of the potential overlap of coverage provided by the media professional liability and the cyber coverage, it is recommended that the same insurance company is used for both coverage types. By doing this, you can avoid finger-pointing at the time of a claim where both carriers may dispute which is responsible to pay for different aspects of the loss.

Premium

The cost of an insurance program for media, arts, and entertainment businesses will vary greatly depending on many different factors from type of business, revenue, client count, experience, type of coverage, limits purchased, and many more.

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