QBE North America Introduces New Media Liability Coverage
QBE North America has rolled out a new media liability endorsement specifically designed to provide coverage for media organizations facing legal challenges under consumer protection laws. This insurance product offers affirmative coverage in cases where these laws are used to challenge First Amendment protections, a growing concern in the media landscape.
The endorsement directly addresses the risk of legal actions stemming from consumer protection statutes. These statutes aim to curb false, deceptive, or unfair business practices. The expanded coverage offered by QBE North America helps media companies manage the financial burdens associated with such lawsuits, including legal defense costs and potential losses.
“As our clients focus on storytelling, our role is to give them confidence to create and distribute content across various platforms,” said Chris Cooper, Senior Vice President, Media Liability, QBE North America.
QBE North America unveils media liability endorsement product
Expanding Product Offerings
The introduction of this media liability endorsement is part of a broader strategy of service and product expansion at QBE North America.
Earlier this month, the company announced a new Errors & Omissions (E&O) program geared toward providing coverage for property managers. This program comes with primary policy limits of $5 million per claim and an aggregate limit of $5 million.
Last year, QBE North America launched its healthcare liability practice. This practice offers coverage for professional liability, misconduct liability (physical and sexual), general liability, employee benefits liability, and E&O, among others. Additionally, in 2023, the company introduced a cyber insurance offering in partnership with managing general agent Converge, which acts as the program administrator. The offering is available in two segments: ConvergeElements and ConvergeConnect.
ConvergeElements offers primary and excess cyber coverage and is available through select agents and brokers for companies with revenues up to $100 million. ConvergeConnect focuses on primary cyber coverage for companies with up to $750 million in annual revenue.
