How much does media liability insurance cost in Australia?

The cost of media liability insurance varies widely. It depends on factors such as your business size, the scope of your media activities, your turnover and your claims history. Comparing quotes is one of the best ways to determine your specific premium.

Does media liability insurance cover claims from social media posts or online content?

Yes, media liability insurance is designed to cover claims arising from various forms of published content including social media posts, blog articles, website content, podcasts and videos. This includes risks like defamation, copyright infringement or invasion of privacy in the digital space.

Does media liability insurance cover claims resulting from intentional acts or criminal behaviour?

Generally, no. Media liability insurance typically does not provide cover for claims arising from intentional acts, criminal behaviour, fraud or dishonest conduct. Policies are designed to protect against accidental errors or negligence in the course of your professional duties. Always check your PDS for specific exclusions.

What is the typical policy period for media liability insurance and can I cancel it?

Most media liability insurance policies have a 12 month policy period. You can usually cancel your policy at any time however conditions and fees may apply. It is important to consider the implications of cancellation especially regarding claims made policies and retroactive dates.

How does media liability insurance differ from professional indemnity insurance?

While professional indemnity insurance covers claims arising from professional negligence or errors in the services you provide, media liability insurance specifically addresses risks associated with the creation and dissemination of content. It covers exposures like defamation, copyright infringement and invasion of privacy which are generally not included in standard professional indemnity policies.

What is the process for making a media liability insurance claim?

If you believe a claim may arise you should notify your insurer as soon as possible. Your insurer will guide you through the claims process which typically involves providing details of the incident any relevant documents and cooperating with their investigation.

What factors should I consider when choosing a media liability insurance policy?

When choosing a policy consider the types of media content you produce, your audience reach, your business size and your potential risk exposures. Look at the limit of liability, the excess amount, the inclusions for digital content and any specific exclusions.