Communications, Media and Technology
The Communications, Media and Technology (CMT) industry encompasses a wide range of businesses involved in developing, delivering, and consuming communications, entertainment, and information products and services. This sector includes telecommunications companies, media and publishing firms, technology companies, and more.
Insurance offferings for the CMT industry:
1. Media Liability Insurance - To cover the legal financial liability of the publishers and broadcasters, media houses, advertising agencies, etc. for the media exposures, from risks related to news reports, to podcasts, to content fed via wireless devices.
2. Cyber Risk Insurance - o safeguard the publishers and broadcasters, media houses, advertising agencies, etc. from financial loss due to potential threats of cyber attack, ransomware, legal liability towards third parties and other related costs.
3. Directors & Officers Liability Insurance - To cover the legal financial liability of the directors, senior executives, managers and members in supervisory roles of the publishers and broadcasters, media houses, advertising agencies, etc. towards the client or third parties arising out of negligence, errors or omissions in provision of professional services (as per applicable laws of land).
4. Comprehensive General Liability Insurance - To cover the legal financial liability of the publishers and broadcasters, media houses, advertising agencies, etc. towards third-parties arising out of accidents at their premises resulting in injuries or property damage. It also covers liability arising out of accidents at client's premises due to official visits of the employees (as per applicable laws of land).
5. Employee Benefits Insurance - To provide financial protection to the employees & members for medical expenses, compensation for accidental bodily injury and othe like expenses as part of retention startegy for retaining best talent. Various forms include Group Helath Insurance, Group Personal Accident Insurance, Group Term-Life Insurance and like.
6. Property Insurance - To safeguard prinicpals, owners, financiers and lenders from the potential Financial costs arising out of physical loss or damage to assets of publishers, broadcasters, media houses, advertisement agencies, etc. from the risks of fire, flood, storm, earthquake, collapse, Lightning and like. Various forms are available in the market (depending upon value & coverage) like Bharat Griha Raksha, Bharat Sookshma Udhayam (Micro), Bharat Laghu Udyam (MSME), Standard Fire & Special Perils, Property All Risks, Industrial All Risks and Large Mega Risks.