Marketing and Media Insurance
We have many years’ experience which helps us to understand the insurance requirements of Marketing and Media Professionals.
Marketing & Media Insurance specialists
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Understanding Your Policy
We believe that it is essential that marketing and media businesses are placed under a specialist media policy wording that provides cover for rectification, mitigation of loss and irrecoverable fees.
Many insurers have a media-specific policy wording, but the cover under these differs greatly form one wording to another and it is important that your broker understands the cover each wording offers you as the client, and more importantly that you “the client”, understand the cover purchased and your obligations under the policy wording.
Is my claim valid?
Marketing and media businesses, which includes advertising and publishing, were historically insured under a standard PI policy wording. However under a standard policy wording it required that a claim be made for a loss, which for the media industry would almost always be financial loss, arising as a result of the neglect, error or omission of the insured.
In reality this didn’t work as media professionals will normally be in a position to fix the problem before their client ever finds out about the problem. Alternatively, they might waive an outstanding bill or issue credit notes so as to preserve commercial relations with their clients. The end result is no third- party claim for damages and therefore, this meant that under a standard PI policy wording, the claim would be invalid.
“Our priority is always the client. That’s why we aim to provide you with first class service at all times.
Our experienced team offer vast amounts of knowledge and a proactive approach to service. We will take the time to get to know your business as if it were our own.”
Martin Swann
Managing Director, Financial & Professional Risks Division
Cover can include
- Office contents (including multiple locations)
- Directors and officers liability
- Employment practices liability
- Corporate legal liability
- Trustee indemnity
- Crime/fidelity
- Public liability
- Employer’s liability
- Product liability
- Business interruption
- Group travel
- Personal accident
- Computers
- Cyber liability
- Overseas offices/staff
- Intellectual property
- Kidnap and ransom
- Identity theft
- Medical malpractice
- Legal expenses (including contract disputes)
