Do we need E&O Insurance?

Unfortunately, we live in a world run by lawyers and insurance companies, and the American fondness for litigation has now been exported around the world. The world’s major media companies now insist that the programs they acquire and co-produce be insured by Errors & Omissions (E&O) Insurance policies (even though they carry their own standing E&O policies as well). Often, the programs we acquire are covered by E&O, and we are named as an additional insured on this “Producer’s E&O Policy.” If this is not the case, we must be able to obtain an E&O policy in order to effectively do business and close deals. The costs of obtaining an E&O, which can be quite high, then becomes a deductible expense. For more information about E&O insurance, please visit Chubb Insurance Company’s website to read TV & Film Producer’s E&O, or the website of the worldwide entertainment insurance specialists D.R. Reiff & Associates, or Walterry Insurance Brokers.