Creative and media

A new publisher, publishing a new ‘real life chat’ magazine, had problems obtaining insurance centred around risk management procedures (checking the factual content, privacy issues, pre-publication legal screening, etc). Working with the publisher’s broker and our specialist solicitors we were able to put forward a competitively priced package including a libel risk management plan, risk management training to the editorial team and a risk management guide, all specific to the publisher’s needs.

The ongoing support has helped establish a strong business relationship between the policyholder, broker and insurer.

Part-work publishing is often seen as a high risk as publications often have a worldwide circulation with licensing agreements serving major global brands. Claims alleging misrepresentation or erosion of brand value are not uncommon. A broker, trying to secure the business of a major player in this sector, arranged for Markel UK to visit his potential client.

Seeing the publisher’s risk management practices at first hand, together with an in-depth understanding of existing and potential contractual relationships, enabled us to put forward a competitive quotation with a mutually agreed risk management programme. Both the broker and insurer secured the business.