In today’s litigious society, most of entities and businesses prefer to be insured for the unforeseen, untimely accidents or financial crisis. In most cases either people are unaware of the need for a specific and obscure coverage called new media professional insurance or the insurance professionals themselves are not sure about the existence of the coverage. New media policy covers against liable, slander, defamation of character, copyright, trademark & patent infringement, personal injury liability, invasion of privacy claims resulting in financial crisis or personal injury.The advancement in technologies has given birth to new liabilities in the area of creating, storing, allocating and transmitting electronic information. These liabilities further gave birth to wide number of litigations. That is why the PII specialists have designed the new media professional insurance to overcome the financial consequences and personal injuries.
The new media policy provides similar protection to an individual from non-media industry but on a personal level. For example, even if your parent’s are insured and are quite regular in paying the policy payout they may get sued. Recently, daughter of an insured professional made weary comments on her math’s teacher that too online and not verbally. As a result the aggrieved teacher sued the parents and won his rewards.The need is to make proper inquiries related to coverages and rights comparing policy limits, deductibles and premiums before opting for any new media policy insurer.
