Additional broadening coverage features are also included, but none as important as the above to the general contractor. The legal liabilities of a broadcaster are numerous and vary from the use of incorrect news stories, libel and slander, invasion of privacy, copyright infringement, and unauthorized use of plot, characters, or music. Broadcasters' Liability insurance covers these exposures, as well as defense costs in contesting suits or claims. Employees are covered as insureds while acting within the scope of their duties as such. Insurance is normally written for a specified amount on the building and applies only in the course of construction.
Coverage customarily includes fire and extended coverage and vandalism and malicious mischief.
A policy which primarily provides coverage of benefits to a business as contrasted to an individual. It is issued to indemnify a business for the loss of services of a key employee or a partner who becomes disabled. The insurance provides reimbursement for lost net profits and necessary continuing expenses. Life insurance purchased by a business enterprise on the life of a member of the firm. It is often bought by partnerships to protect the surviving partners against loss caused by the death of a partner, or by a corporation to reimburse it for loss caused by the death of a key employee.