Policy Forms :

Mutual offers both "losses occurring" and "claims made" policy forms. All policy
forms are 'indemnity.'

Policy Limits :

Mutual offers primary limits of $1,000,000 to $15,000,000; and, can access in an exclusive London open market placement excess limits (following form) of $10,000,000, $15,000,000 and $35,000,000 to offer up to a full $50 million in limits. Sub-limits apply to certain coverage.

Retentions/Co-Insurance :

Mutual offers negotiable self-insured retentions beginning at $10,000. Greater retentions apply to certain coverage. Co-insurance through quota share or co-pay arrangements are available or may apply to certain policy forms, retentions and limits.

The Policy Insures:

• Newspaper and magazine publishers and book and directory publishers;
• Companies engaged in preparing materials for publication and republication;
• Electronic publishing services;
• Researching, exhibition, serialization and material distribution services;
• Television and radio stations; motion pictures companies; and
• Cable and satellite broadcasters.

Industry Experience

Mutual Insurance Company Ltd was created by media industry leaders in response to
capacity and coverage limitations dictated by conventional insurance markets. Media
industry leaders continue to control the direction and management of the Company.

Confidential Source "Breach of Contract" Coverage

Mutual’s policy provides coverage for certain claims from confidential sources for
damages resulting from the inadvertent disclosure of their identity.

Limit Per Event – No Annual Aggregate

Mutual’s policy provides the full limit of liability for each event without an annual
aggregate limit. The conclusion of a libel case may span a good number of years during
which other cases may erode or fully exhaust the aggregate limit provided in some
other policy forms. Mutual offers limits up to $15,000,000 per event.

No Forced Settlement Provisions

Mutual’s policy permits the Insured to decide the merits of appeal of adverse decisions
without "walk-away" or "hammer" provisions contained in some other policy forms.

Punitive Damages

Mutual’s indemnity policy form and Bermuda domicile allow it to provide coverage
for punitive damages, without adverse influence of jurisdictional or public policy
restrictions.

The Policy Covers:
• Charges of libel, slander, infliction of emotional distress, trade libel, product
   disparagement and other forms of defamation;
• Invasion of privacy claims against the media;
• Commercial appropriation of a name or likeness;
• Intellectual property violations, including copyright infringement, plagiarism,
   misappropriation of ideas under implied contract, and unfair competition
   relating to intellectual property infringement;
• Trespassing, eavesdropping and other claims associated with news gathering
   by the media; and   • Miscellaneous errors and omissions.

Selection of Counsel

While Mutual’s policy requires approval of defense counsel, this is to insure
appropriate representation of the Insured’s interests, not to control unreasonably the
cost of defense. Mutual believes that the Insured is in the best position to direct its own
counsel’s staffing, strategy and overall case management.

Features

Mutual's indemnity coverage has been carefully designed by experienced First Amendment
counsel and has been customized to meet the needs of today's modern media organizations.

The indemnification policy includes liability limits of up to $15 million and provides for the
payment of defense costs, settlements and judgments, including punitive and exemplary
damages (where insurable by law), appeal bonds and interest on any judgment associated
with a covered claim.

Mutual's libel insurance policy continues to be a leading policy form in the industry, providing
the most complete protection for today's evolving media organizations.

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