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Media companies operate in a litigation-prone environment where the risks are heightened by the public's constant demands for news, information and entertainment on a 24/7 basis through a number of different venues. The stakes are exceedingly high in respect to copyright and trademark disputes because a company stands to lose valuable intellectual property rights - as well as hundreds of thousands of dollars in defense costs. Today, it is more critical than ever for any media company - or any company that use the media to reach its audience - to have comprehensive protection from the costs of media-related litigation.
To offer the best possible solution, OneBeacon Professional Partners dramatically strengthened our media underwriting and claims handling capabilities with our May 2005 acquisition of First Media, a long-time leader in this highly specialized arena. Founded and directed by nationally recognized authorities in media and intellectual property exposures, First Media’s in-house attorneys offer excellent service and insurance coverage expertise as well as highly responsive claims resolution. First Media’s knowledge and experience, now supported with OneBeacon’s financial strength, can provide flexible risk transfer solutions for all types of media outlets.
OneBeacon solutions offer many advantages, including the following:
- Available to many media outlets, including but not limited to:
- Advertising Agencies and Public Relations Firms;
- Advertisers - any company advertising its own products or services;
- Broadcasters - Cable, Radio and Television;
- Commercial Printers;
- Film and Program producers and distributors and post-production firms;
- Web-Based Media;
- Multimedia Companies;
- Special Appearance; and
- Music Industry - Artists, Recording Companies and Music Publishers.
- Open peril Coverage Agreement, which is available for mostmedia classes, provides broad coverage for emerging torts;
- Primary admitted coverage and following-form excess admitted capabilites
- Occurrence-based coverage with broad innovative coverage endorsements
- $15 million available capacity
For more information about our products and services please visit our website at First Media, Inc.
Download Media Liability Insurance applications and policies
Please refer to the actual policy for exact coverage descriptions; exclusions and deductibles may apply. Coverages are subject to policy terms and conditions and may not be available in all states.
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