Thu, 04 Mar 2021 09:05:00 GMT
Join music experts and the Association of Music Producers (AMP) as they discuss the ins and outs of 'E+O Insurance' for music in advertising, this Thursday, March 4 at 4 PM PT/7 PM ET via Zoom.
One of the first big expenses ad music producers discover when they begin working with top ad agencies is an insurance policy that protects the agency and its client, in case of copyright claims against the music. Most established composers and music houses carry a blanket policy that covers them for their work in advertising, and some even have coverage for all of their music publications. Along with that comes due diligence required by the insurance provider to help establish the originality of the music. This usually takes the form of a musicologist report, which can cost anywhere from $1,000 or more per composition. If there is a claim of infringement, it is normally sent first to the ad agency, who then passes it to the music house to handle and possibly defend the claim. That is when the Errors and Omissions policy should go into effect.
Commonly known as 'musical malpractice insurance', what exactly is Errors & Omissions (E+O) Insurance and how does it work for ad music? Why has it become so important? Why does it cost what it does? What are the requirements to get such insurance? Can you buy just a single-use policy for one job? What kind of insurance companies provide this insurance?
Top Insurance rep Scott Taylor (Taylor and Taylor Associates), musicologist Sandy Wilbur (Musiodata), and Annick Mayer (Butter Music + Sound) will join moderator Alexis Harte (Pollen Music Group) to provide valuable information and answer your questions in our Zoom webinar, March 4th at 4pm/7pm.
RSVP HERE. Open to the public. Prior reservation required. Part of AMP’s outreach and educational program.Press Kitchen, Thu, 04 Mar 2021 09:05:00 GMT