Defamation, plagiarism and breach of intellectual property are all risks to publishers. Claims may also arise as a result of damage to the reputation of a third party, with the possibility of legal costs highly likely, which includes the costs of investigation to settle or defend a claim against you for professional negligence allegations.
Defamation, plagiarism and breach of intellectual property are three legal matters you will pay close attention to as publishers. Unfortunately, these legal matters can easily cause publishers problems if not closely managed. If you do make a mistake, a professional indemnity insurance policy will protect you against claims from third parties.
In a nutshell professional indemnity insurance protects you against the cost of compensation to clients or third parties if your professional work has caused them to lose money. More commonly in the case of publishers, claims arise as a result of damage to the reputation of a third party. Importantly for publishers, professional indemnity insurance not only provides the compensation required to rectify any mistakes in your work, but it also provides cover for defence costs in situations where the claim made by a third party is unjustified.
As a partner business of Williamson Carson, insurers to the creative industries, we know the media inside out and the associated risks. All our media insurance covers are tailored for the industry and to your unique requirements. Working with specialist insurers, we offer insurance packages with comprehensive protection not available anywhere else. From professional indemnity to all risks insurance for cameras, we can also arrange extensions such as rectification costs cover which will help you rectify any mistakes you may make before your client becomes aware.
As a privately owned broker with a small and dedicated multi-disciplined and experienced team of advisors with expertise in the media sector, we pride ourselves on our exceptional service. Whether you’re getting a quote or making a claim, your insurance will always be handled personally by an expert member of our team.