More and more publishers are launching Web sites to complement their traditional operations. With this additional vehicle for communications, no organization's media insurance is complete without this coverage. Defense costs are in addition to the limit of liability. Many other media insurance policies include legal defense costs within the limit of liability. Under this program, legal costs incurred in defense of a claim will not erode the policy's limit of liability.
Policy is written on an occurrence basis.
The policy provides a separate limit of liability for each occurrence, as opposed to a single aggregate limit. Policy provides the insured with absolute discretion over settlements. The insurance company cannot settle any claim without your consent. The policy specifically provides that the insurer will not challenge the insurability of punitive damages if the insured produces an opinion of counsel stating that such damages are insurable. Libel Insurance Plus provides coverage for acts occurring or claims asserted anywhere in the world, matching the needs of media organizations that operate globally.