Key General Liability Insurance Coverage Exclusions

Insurance covers everything, doesn’t it? Well, no, exclusions do apply. And buried within the standard general liability insurance policy are a number of exclusions relevant to broadcasters including the following. Alcoholic Beverage The standard liquor liability exclusion eliminates coverage for liability for which an insured may be held responsible by reason of: Causing or contributing to the intoxication of any person, or The furnishing of an alcoholic beverage to a person under the legal drinking age or under the influence … Read More

I’ve Got A Property Claim, Now What?

Broadcasters tend to have favorable property claims experiences. But, with towers, antennas, and dishes being exposed to the weather and situated at remote, mountaintop sites, things can happen. Here are some suggestions for how to optimize and expedite your property insurance claim settlement. TIMELINESS A prompt first report of loss is very important. The scope of the damage – What else got fried by the lightning? – and the necessary corrective measures – Can we repair this or will it … Read More

Easy Insurance Improvements For Advertising Agencies

You’re an advertising/marketing professional, not an insurance wiz. Here are some suggestions to make sure that you have the appropriate property and casualty coverages in place. PROPERTY/GENERAL LIABILITY For property and general liability insurance coverage, go with a Businessowners Insurance Policy (BOP). BOPs are inexpensive, include a wide array of “bells & whistle” coverages (employee dishonesty, fine arts, valuable papers & records, etc.), and are payable over installments. Property Insurance Be attentive to the following relative to your property insurance: … Read More

Concert Insurance

Introduction Radio broadcasters are often involved in concerts be it as the host/organizer or as a supporting sponsor. And this is not just with respects to groups with distinct concert/event business units such as Townsquare Media, iHeart Media, and Galaxy Communications but also with respects to individual stations which organize or sponsor a concert as part of their station identity. Concerts are exciting and can be an important part of your engagement with your listeners and community. Here are some … Read More

6 Risk Management Tips to Help Your Next Event Run Smoothly

Conferences, roadshows, field events. Event marketing activities can be an important part of a successful marketing program. They are important, in that they create a lot of attention and excitement for a brand. And the face-to-face interactions are high-value, high-impact impressions. Certainly, you are going to work hard to make your event marketing activities exciting and noteworthy. But risk management and insurance matters are often overlooked or are just an afterthought, potentially with damaging and expensive consequences. Here are some … Read More