Wide ranging allegations – including libel, slander, defamation, false advertising, and invasion of privacy – have become an inevitable part of multimedia, music, entertainment, broadcast, advertising, and publishing businesses. Claims involving intellectual property are entangling these small businesses – and companies of all types – in new, uniform complex litigation. The potential cost of media and infringement litigation are very high.
World-wide coverage my encompass a vast array of exposures to which media-related companies are vulnerable, spanning allegations of libel, defamation of character, slander, copyright infringement, invasion of privacy, errors and omissions, and intellectual property infringement, Coverage may be provided for defense costs, settlements and judgments, including punitive and exemplary damages. Injunctive relief and defense costs are included for retraction claims.
Patent Infringement Insurance – pays damages, including lost profits/royalties, settlements, judgments and attorney fees, as well as defense costs in claims that an insured’s product or process infringed on another company’s patent rights. The policy addresses claims stemming from the manufacture, use, distribution, sale, or advertising of a covered product or process.