Source: http://www.fwrv.com/qa-about-eo-in-9-parts/
Timestamp: 2017-12-17 00:34:06
Document Index: 526390147

Matched Legal Cases: ['art 1', 'art 2', 'art 3', 'art 4', 'art 5', 'art 6', 'art 7', 'art 8', 'art 9']

FWRV - Q&A about E&O in 9 Parts - FWRV
Q&A about E&O in 9 Parts
Steven Beer, Jake Levy and Neil Rosini
Part 1: What is E&O insurance?
Part 2: Who does E&O insurance cover?
“Named insureds” include the production company and its officers and employees. The policy protects them from losses arising from their own acts and omissions.
“Additional insureds” get derivative coverage, often to back up a contractual indemnity from a named insured, to protect them from liability for acts or omissions of the named insured. Additional insureds usually include distributors, broadcasters, exhibitors, and the like who are not directly involved in the creation of a film or video but nevertheless may be held liable because of their participation in dissemination. Writers, directors and producers hired as independent contractors often are included here, too, although logically they’re a better fit in the named insured category.
Part 3: What does E&O insurance cover?
Part 4: What doesn’t E&O insurance cover?
Part 5: Why is E&O insurance necessary?
First, filmmakers should want to avoid economic disaster for themselves if a claim arises from the kind of mistake that E&O insurance covers. Undisturbed sleep is important. But even if not perturbed by that kind of risk, filmmakers usually have no choice: distributors, broadcasters and exhibitors won’t accept a film or video in the absence of written proof that an E&O policy with specified limits covers them as additional insureds. The filmmaker may indemnify them contractually but they will demand the added protection that an insurance company’s assets provide.
Part 6: Where and how do you get E&O insurance?
Part 7: At what stage of production should you apply for E&O insurance?
Part 8: Is a lawyer necessary for an application for E&O insurance?
The application for E&O insurance requires the producer to list the name and contact information of their media/clearance attorney and to certify that attorney as well as the producer have read and will follow the carrier’s clearance procedures. Those procedures typically require that an attorney monitor the production and, at the editing stage, vet for potentially defamatory content, use of copyrighted third party material not defended by fair use, and the use of individuals’ names and likenesses and recognizable businesses and locations that might be actionable. Also, E&O insurance applications generally require an opinion letter from an attorney affirming that the film’s title and use of content on a fair use basis is defensible.
Part 9: What does E&O insurance cost?