MasterPackage™ for Media Companies

Our policy contains a generous range of extensions, specially designed for Media risks

• Claims preparation costs
• Loss prevention expenses
• Subpoena defence costs
• Reshoot and rectification costs
• Intellectual property rights
• Breach of advertising code
• Computer and machinery breakdown
• Product recall expenses
• Public relation expenses
• Environmental liability

and more..

Important: Full terms, including sublimits, are outlined in the policy and are only active if specific sections are purchased. Please ensure you read the policy wording for how these extensions are applied.

We provide £500,000 of cover to be allocated across a number of key extensions at the time of loss, leaving you free to deploy this cover when you need it most and not having to second guess where you may need it at the time of loss.

Where public and products liability cover is purchased as part of MasterPackage™ an emergency response helpline is included, which is available 24 hours a day, 7 days a week. Up to £100,000 of crisis response expenses are also available for expenses incurred as a result of damage or bodily injury to third parties.

The fast paced and innovative nature of the media industry generates unique exposures. When trying to deliver against the pressure of a deadline, designing that perfect pitch, or getting the content just right mistakes can happen which can result in financial loss. Our MasterPackage for Media Companies has been designed with the needs of the media industry in mind ensuring there are no gaps in cover. 

Those in the media industry face a number of risks which requires specialist cover, and each segment of the media industry has its own risks:

• Publishing: Claim from a politician citing breach of privacy as a result of a story published.

• Advertising Agency:  An online advert produced for a client uses hashtags which another company claims as their own.

• Web Design: A website refresh is alleged to use graphics and design copied from a competitor.

• Post Production: A promotional video, developed by an outsource partner, is sent to a client which contains audio out of sync with the visual and other defects requiring extensive re-work

• Regulatory Infringement: A brochure developed for customers makes comparative statements about competitors which triggers a regulatory investigation.

Our policy has been designed to meet a range of risks faced by those in the industry, leaving your clients to focus on what they do best.

We understand the risks faced by those in the media industry media industry from issues surrounding ever changing privacy laws to the more traditional risks of defamation and intellectual property infringement.

The core of the product is built around media liability which provides cover for:

• Defamation

• Intellectual property rights

• Breach of privacy

• Breach of confidentiality

• Dishonesty of employee

• Loss of documents

• Subpoena costs

• Mitigation expenses such as reshoot/rectification costs

• Breach of advertising codes

• Retraction demands/withdrawal costs

• Confidential sources

Moreover, our MasterPackage for Media Companies provides a range of additional coverage and can be adapted to meet your clients’ needs:

• Property damage and business interruption

• Public and products liability

• Cyber

• Terrorism

• Employers’ liability

• Chubb Basket

Chubb has been offering comprehensive media insurance solutions to our clients for many years. As part of our Industry Practices model, you and your clients can benefit from a dedicated team who specialise in media. This includes support from specialist risk engineers covering all aspects of the risks faced by your media clients. Moreover, at Chubb we are specialists in developing coverage for large clients with multinational exposures.

Our Industry Practices model brings together Chubb’s specialist capabilities in underwriting, risk engineering, claims management and multinational servicing into one client-focused media proposition.

Brokers and clients will also have access to our award-winning multinational platform - Worldview

Our media proposition covers all segments of the media market including advertising, broadcasting, film and TV and publishing. We can provide a solution that meets your clients’ needs. Businesses we can insure include but are not limited to:

• Advertising agents

• Marketing and digital marketing consultants

• Market research

• Graphic design

• Public relations

• Brand development and corporate identity consultants

• Newspapers, magazines and periodicals
• Radio and television

• Sound recording studios

• Book publishing