Insurance covers are important for businesses, homes, health, and lifestyle. They help protect individuals from theft, disasters, and natural hazards like fire or floods. Owning a media station makes it crucial to have your business covered since it risks crumbling down to the ground without the proper insurance. This may be due to copyright issues or plagiarism. In this article, you will learn of the various types of insurance covers that will help protect your business from inevitable disasters.
Defamation
Defamation is the act of damaging a person, group, or business’s reputation. Common forms of defamation may be either by speaking of false information, also known as slander, or they can be presented as printed words or images, which are classified as (libel).
But how do insurance companies such as media liability insurance coverage defamation? Well, this depends on your business. One of the most common ways businesses are protected from defamation claims is through their “Personal and Advertising and Injury” policies. It would be best to remember that you can not intentionally slander someone and expect the insurance company to cover that. The back will stop with you as per the intentional or malicious defamation act.
Plagiarism
Plagiarism is taking someone’s idea and portraying or passing it on as one’s original work. This is one of the most common media liability claims faced by various media across the globe. It is tough to navigate since ideas can appear similar in multiple ways, even though they are both originals.
As long as something is not protected by copyright, a media house or an individual may be held legally responsible for creating something similar or obtaining content without the owner’s authorization so long as it’s proven to belong to someone else, according to the plagiarism act.
Copyright Infringement
Copyright infringement may occur when you reproduce, display, perform, or distribute protected work without the required permissions. Therefore, you will violate the exclusive rights of the copyright holder. Like plagiarism, this is common in the media and entertainment industry.
Things that may lead one to be faced with copyright infringement include having a similar company name and product, branding, slogan, and similar social media posts. A Copyright infringement could cause tens of thousands of dollars to your company for payments and damages. However, when you have insurance coverage, your business will be safe only if the act is not malicious or intentional.
Invasion of Privacy
The invasion of privacy is the intrusion of someone else personal life without proper consent. It may include exposing one’s private information, portraying the individual in a false light, or using their name for personal gain. Insurance companies such as media liability insurance coverage provides for reporters, entertainment writers, and celebrity followers.
Insurance coverage protects you against costs if your business is accused of invasion of someone’s privacy. Make sure you have this insurance coverage since it will safeguard you against lawsuits that may not give you peace of mind.
