NAB works in conjunction with AXIS PRO, the global leader in media liability insurance.
With the NAB media liability insurance program, you enjoy coverage tailored specifically to your business needs. The NAB program protects broadcasters against the devastating impact of lawsuits, including libel, slander, invasion of privacy, copyright and trademark infringement, contextual errors and omissions and other media related claims.
AXIS PRO, formerly known as Media/Professional Insurance, pioneered media liability business more than 30 years ago. Today, AXIS PRO is a leading specialist in the field. From broadcasting to publishing to multimedia and cyberliability, AXIS PRO underwriters have unmatched experience in the field of media insurance. AXIS PRO's industry-leading claims department features superbly skilled First Amendment and intellectual property attorneys complemented by access to an outstanding network of legal resources, including the most qualified law firms worldwide.
With the NAB program, coverage features* include:
All-risk Coverage Agreement including libel, slander, invasion of privacy, copyright and trademark infringement and contextual errors and omissions (including bodily injury/property damage)
Occurrence policy form (claims made policy available)
Defense costs outside the limit of liability or within the limit of liability
Limit of liability applicable to each loss without an annual aggregate
Damages includes punitive damages (where allowed by law) including "most favorable venue" language
Coverage for the broadcast (publication) of Matter and for the acquisition and gathering of Matter including newsgathering
Incidental publishing coverage included
*This list of features is for descriptive purposes only and does not provide a complete summary of coverage. Consult the applicable insurance policy for specific terms, conditions, limits, limitations and exclusions to coverage.
Optional Coverage Includes:
Subpoena defense legal expense and indecency complaint legal expense
Advertising services errors and omissions
Technology services errors and omissions
Cyberliability coverages for claims from an Enterprise Security Event resulting in the disclosure of protected personal information
For more information and a quote, please contact Chris Shepard at (816) 292-7277 or firstname.lastname@example.org.
AmWINS Risk Reporter: Market Update Japan Earthquake Impact on Insurance Market
Given the unprecedented and epically tragic losses following the historic 9.0
earthquake off of Japan's coast, many clients are looking for direction in where the insurance world might be headed given the repercussions from such a large event. Most experts are stating that it is too early to tell, but there will be some fallout with rates in Europe, London and Bermuda firming and capacity decreasing in the short term.
NAB's newest member benefit is provided by Agility Recovery, offering disaster recovery and business continuity solutions to ensure broadcasters can recover from any type of disaster or interruption.
Disaster has no schedule. Nothing tests broadcasters' ability to communicate with their communities and promote their advertisers like an unforeseen disaster, occurring without warning and creating unpredictable damage.
For more than 25 years, Agility Recovery has ensured that businesses can recover from disaster. Whether it's a broken water pipe, a building fire or a natural disaster, rest assured, Agility Recovery will deliver any - or all - of the four key elements of recovery to get your business up and running.
The reality is disasters happen every day. In fact, over the past two years Agility has responded to more than 560 disaster events. As an NAB member, you receive a negotiated special rate of $420 per month. Agility can provide custom pricing solutions for members with multiple locations.