Running a TV studio or broadcast company is all about managing creativity, technology, and people. But like any business, you face risks. Business insurance for broadcasters & TV studios can protect your equipment, people, and production schedules from unexpected incidents. From equipment failure to studio accidents, coverage ensures you're protected when things go sideways.
General liability insurance helps cover third-party claims for bodily injury or property damage. For instance, if a guest trips over a cable and gets injured on set, this insurance helps cover medical bills and legal fees. It’s a safety net that ensures your business doesn't bear the full brunt of costly lawsuits.
Claim Example: A guest visiting the studio for an interview trips on a loose wire, spraining their ankle. General liability steps in to cover their medical costs and any legal fees if they decide to sue.
A Business Owner’s Policy (BOP) combines general liability and property insurance into one. It covers damage to studio equipment, like cameras or editing machines, from events such as fires or theft. Plus, it handles third-party injuries on your premises.
Claim Example: A fire breaks out in the editing room, damaging several high-end computers and software. Your BOP would help cover the replacement costs of the equipment and repairs to the space.
Excess liability (also called umbrella insurance) provides extra protection when a claim exceeds your policy limits. This is particularly important if you're dealing with high-risk or expensive productions. It can help prevent financial ruin in case of large claims.
Claim Example: A studio guest suffers a severe injury, and the medical and legal costs exceed your general liability coverage. Excess liability would cover the additional costs, so your business isn't on the hook for the difference.
Professional liability insurance, also known as errors and omissions (E&O) insurance, covers lawsuits related to mistakes or negligence in the services you provide. In the broadcasting world, this could involve defamation, copyright infringement, or mistakes in production.
Claim Example: A guest sues your station after claiming that an on-air interview damaged their reputation. Professional liability would cover the legal costs and settlement, ensuring your business isn't paying out of pocket.
Workers' compensation insurance is required in most states. It covers medical expenses and lost wages for employees injured on the job. In a studio setting, this could be anything from a camera operator straining their back to a crew member getting injured during a shoot.
Claim Example: A lighting technician suffers a fall while adjusting equipment, resulting in a broken leg. Workers' comp covers their medical treatment and part of their lost wages while they recover.
We work with over 240 carriers and offer live customer support from our USA-based team, located in Burbank, CA. With our 17+ years of experience, we're experts in getting you the right coverage at a competitive price. Request a quote and secure your policy in under 15 minutes.
(888) 900 0205