Low cost professional indemnity insurance for publishing companies
IMPRESS members can now benefit from low-cost, flexible and comprehensive professional indemnity insurance cover which is specifically designed for media companies operating within the IMPRESS regulatory scheme. It offers very competitive rates because of the reduced liability to insurers of publishers participating in the IMPRESS regulatory scheme.
The IMPRESS Member Insurance Scheme covers publishing companies for the costs and expenses of defending legal actions and pays for any penalties or damages which arise from an IMPRESS investigation, arbitration or action in the civil courts. It is designed to be very flexible and allows publishing companies to set their own liability limits, which in turn can reduce their annual insurance premium.
The IMPRESS Member Insurance Scheme is sold independently of IMPRESS by EC3 Brokers and is underwritten by media specialist insurers Beazley. IMPRESS receives no commission for introducing member publishers to EC3 Brokers, the insurance brokers who operate the scheme, and there is no requirement for IMPRESS members to be insured.
Annual premiums start at just over £200 for small publishing companies who require cover of £100,000. Cover of up to £100m is available if needed. The additional costs protection offered by IMPRESS’ arbitration scheme offers many publishers the opportunity to purchase lower levels of liability cover than would ordinarily be required if they operated outside the IMPRESS regulatory scheme.
Payment of the insurance premium can be via interest free direct debit over either 10 or 12 months.
If you are an IMPRESS member (or are currently thinking about becoming a member) and you want to find out more about the scheme please contact
Oliver.Oakley@EC3Brokers.com Tel: 0203 150 1996
Christian.Davies@EC3Brokers.com Tel: 0203 150 1972
If you are ready to request an individual insurance quotation then please download an IMPRESS Member Insurance Scheme Proposal Form and e-mail it to Oliver or Christian.
You can download the IMPRESS Member Insurance Scheme Guidance Notes here.