Today’s businesses have much to gain by making use of the variety of media available for marketing and reaching a wider audience. Television, radio, public speaking, the internet, film, writing and much more all can be used for numerous benefits to a business model, whether you wish to advertise or spread your message. This is especially true with the growing accessibility of the internet and its expanding popularity, where many people spend time on a variety of websites including test posts, images, videos and other specific forms of media.
With so many places and ways to reach out to as many people as possible, there are multiple ways to find yourself or an employee making a mistake that leads to a lawsuit. However, with multimedia insurance, you can be covered for the compensation costs and legal fees.
What Are Multimedia Liabilities?
In general terms, the liabilities that can often be involved in multimedia cases are closely related to Errors and Omissions (E&O) liability. With multimedia insurance, you’ll be given a more specialized E&O policy, made to cover cases such as:
Libel, Slander and Defamation
Breach of contract
Invasion of privacy
Cause of personal injury or emotional distress
While it is best to try and avoid these types of mistakes, accidents happen and some claims are hard to avoid with the ease and speed of technology. Having multimedia insurance can financially save your business in these cases.