Tokio Marine HCC is a specialist in Media Errors & Omissions insurance, providing broad protection for businesses operating in reputation-driven, brand-sensitive industries.
In a sector where communication and public image are critical, even a minor error can lead to significant financial and reputational exposure. Our Media policy is designed to address allegations such as defamation, Intellectual Property (IP) infringement, breach of advertising regulations and contractual disputes, helping protect both our Insureds and their clients.
Our Media E&O policy is purpose-built for the Canadian market, to provide up-to-date coverage, written by experts and backed by a specialist underwriting team who understand the specific exposures associated with the Media market.
Advertising:An advertisement featured a song with repetitive vocal sounds. The ad agency was warned by the Independent Broadcasting Authority that the advertisement was bordering on being unacceptable. Once finalised, the IBA decided that not enough was done to adapt the song. The client refused to pay the agency. Cost to insurers: $140,000.
Media buying: Advertising space was supposed to have been booked in the national press for a series of adverts for the Easter sale of a chain of retail stores. The bookings were made for the wrong 4-week period. The firm refused to pay for the media spend and also claimed financial loss for the loss in revenue from the sale. Cost to insurers: $185,000.
Direct mailing: Wrongly addressed mailings and incomplete mailing packs. Cost to insurers: $120,000.
Market research: A market researcher had their data encoded by a specialist firm who misinterpreted the instructions. The resulting report was not checked and the client made a claim for the delay and the cost of recoding the data. Cost to insurers: $35,000
Public relations: A PR firm involved in a campaign for a car manufacturer’s new marketing strategy on their new special service contract. The product was badged with a name that was subsequently found to have been used before by another car company. A claim for breach of copyright was made and the strategy had to be withdrawn. Cost to insurers: $250,000
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We will calculate the risk and provide the most crucial pieces of cover you can invest in.
Offering firms a broad scope of consultancy services across all areas of business.
Saving the world doesn’t come without risk but with Tokio Marine HCC at your side, the only limitation you’ll face is your own ambitions.
In today's commercial environment, the landscape for Excess Layer Errors & Omissions has undergone a market transformation.
The world of TV and film is fast-paced and ever-changing. Firms in this space need a risk partner that knows their market and their risks.
Tokio Marine HCC are experts in this niche market, with nearly two decades of experience in writing these risks.
State-of-the-art development requires cutting-edge support. With Tokio Marine HCC, you’ll have a partner that delivers.
Whatever your profession and whatever sector you are operating in, we have the appetite for your indemnity risk.
The media landscape is riskier than ever to navigate, but with Tokio Marine HCC you have the expert partner you need.