LINES OF BUSINESS
Errors & Omissions
MINIMUM EARNED PREMIUM
Premium fully earned at binding
The Acquisition and Development Errors & Omissions Insurance Policy provides coverage:
► On a blanket and unscheduled basis for Acquisition and Development, and
► On a scheduled basis for the Film Library (if any).
The policy protects the production and/or distribution company from various lawsuits that allege:
► Unauthorized use of names, trade names, service marks, titles, formats, ideas, characters, character names, characterizations, plots, musical compositions, performances, slogans, program material or any similar material
► Breach of implied or implied-in-fact contract arising out of the alleged submission of any literary, dramatic, musical or other similar material, or breach of trust and confidence arising out of any such submissions.
► Invasion of privacy or publicity
► Libel, slander or other forms of defamation
► Infringement of copyright
Eligibility requirements for the Acquisition and Development E&O program include:
- No prior losses
- All prior works must have secured E&O coverage (applicable to Film Library)
About the Acquisition & Development Component
Acquisition & Development of projects are covered on a blanket basis while the project is in the acquisition and development stages of the production cycle. The Acquisition & Development coverage for a given project terminates when either of the following occur:
► Principal photography commences for any project, program or production.
► Rehearsal commences for any live theatrical production.
When either of the above occur, the Acquisition & Development policy continues in force for other projects that remain in the acquisition and/or development phase. However, productions that have commenced principal photography or live theatrical productions that have commenced rehearsals should purchase coverage via a separate Multimedia Production E&O policy.
About the Film Library Component
The Film Library provides coverage on a scheduled basis for projects:
► Owned by the insured (or an existing subsidiary)
► Produced by the insured (or an existing subsidiary)
► Insured via a production E&O policy at the time of the project’s original release or airing.
- Limits up to 5,000,000
- Annual Coverage Term
- Worldwide Coverage Territory
- Claims Made or Occurrence Coverage Basis
- Additional Insureds
- Deductible options from 10,000 up to 100,000